Monday, September 27, 2021

Lympo partners with Virtus.pro to launch NFTs of players

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Lympo, a subsidiary of Animoca Brands that is building an ecosystem for sports NFTs, has entered into a strategic partnership with leading esports club Virtus.pro to launch non-fungible tokens (NFTs) using the licensed images of the players of Virtus.pro’s Dota 2 and Counter Strike: Global Offensive (CS:GO) club rosters. The Virtus.pro club players’ NFTs will be launched on Lympo’s NFT minting platform, which has an esports pool.

Players of the Virtus.pro Dota 2 roster include:

  • Egor “Nightfall” Grigorenko
  • Illias “Kingslayer” Ganeev
  • Vitaly “Save” Melnik
  • Dmitry “DM” Dorokhin
  • Danil “gpk” Skutin

Players of the Virtus.pro CS:GO roster include:

  • Timur “buster” Tulepov
  • Dzhami “Jame” Ali
  • Sanjar “Sanji” Kuliev
  • Aleksey“Qikert” Golubev
  • Mareks “Yekindar” Gaļinskis

NFTs are digital assets that can be truly owned, unlike many other forms of digital content that are merely licensed for use. Owners of the Virtus.pro NFTs are free to sell or trade them as they wish, without restriction, to anyone interested in esports collectibles. The authenticity, scarcity, and provenance of these NFTs are verified and secured on blockchain.

Lympo is building sports NFT ecosystem in two stages: firstly, Lympo will issue multiple NFT tokens, ranging from common cards to collectors’ items, of world-famous athletes, clubs, influencers and enthusiasts; secondly, Lympo will launch games with play-to-earn capability using LMT as a utility token and in-game currency. In those games, to be announced, LMT holders will be eligible to stake their LMT tokens to earn Lympo NFTs. 

LMT is a recently launched utility token used on the Lympo NFT minting platform and which powers Lympo’s ecosystem of sports-related NFTs, including collectibles based on world-famous athletes. During the initial LMT offering in March, $36 million worth of tokens were exchanged for the new LMT token.

Sergey Glamazda, Virtus.pro CEO, commented:

“The tradition of collecting player cards goes back a hundred years. The idea behind it was simple: to release a card with an image of a baseball player on it. Years later it became popular and spread across a lot of different sports: people started collecting, trading and bequeathing the cards of their idols, which led to a fully grown ecosystem. Today the price for some of the hundred year old cards could reach several million dollars.

With the help of the blockchain technologies this ecosystem has now been incorporated into the digital world. It’s great to have this kind of tradition in esports as well and we are happy to be a part of it courtesy of our partners from Lympo.”

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