Flowverse Deep Dive: nWayPlay

What is it?

• nWayPlay is a marketplace for collectors and gamers to buy, sell, and earn various NFTs with officially licensed IP. They are the home of officially licensed Olympic non-fungible token (NFT) Pins.

nWayPlay is a product of nWay

• nWay were acquired by Animoca Brands in 2019.
• nWay's current CEO is Taehoon Kim who was also a co-founder.
• Animoca Brands itself is a major NFT player worth over $US1b and their product suite includes MotoGP™ Ignition (which is also on Flow).

Key Notes

• Collect and trade 3D officially licensed Olympic NFTs
• Tokyo 2020 Collection: Throughout the 2020 Olympics, nWayPlay dropped a number of officially licensed NFT pins in boxes of varying degree of rarity spanning from Common, Rare, Epic to Legendary.
• Heritage Collection: The inaugural nWayPlay set celebrated 125 years of modern Olympic Games including posters, emblems, pictograms, and mascots.
• NFTs are scalable, and environmentally friendly: nWayPlay NFTs are built on Flow's Proof of Stake Blockchain, which has dramatically lower energy consumption than Proof of Work-driven alternatives.
• Usage in video game: Later this year, nWay will release a multiplayer videogame where players compete amongst each other to earn Olympic NFT pins as rewards.

Upcoming Developments

• The nWayPlay marketplace will connect to numerous nWayPlay games. This will include a real-time Olympic-themed video game that will be launched in the lead up to the Beijing 2022 Olympic Winter Games.