Animoca Brands subsidiary, Lympo, is partnering with Binance NFT marketplace. Binance NFT will host Lympo’s IP-based sport-related non-fungible tokens (NFTs), including future NFT auctions of special unique cards of athletes and sports stars.
Binance NFT is a marketplace that brings together artists, creators, and crypto enthusiasts from around the world, with a packed lineup of premier exhibitions and NFT collaborations.
Lympo NFT minting platform
The Lympo NFT minting platform invites NFT enthusiasts to stake LMT tokens and mint NFTs of world champions and famous athletes. A large drop of new NFTs is planned to take place once the Lympo NFT minting platform is migrated to Binance Smart Chain (BSC). Earlier this March, Lympo bridged its token LMT to BSC and listed it on the PancakeSwap decentralized exchange.
This marks the next important step in Lympo’s integration into the Binance ecosystem. As Ada Jonuse, CEO of Lympo, puts it, “For our users, it means not just much cheaper transaction fees to mint, transfer, and trade NFTs, but also exposure to the platform and community of Binance, the world’s leading crypto exchange.”
Jonuse believes Lympo is bringing something that the market has never seen before.
“I look forward to hosting our auctions on the Binance NFT marketplace as we bring to market NFTs that are not only unique and valuable, but also have special utilities like staking functionality.”
The Lympo NFT ecosystem
The Lympo NFT ecosystem, which is powered by LMT, is being developed in two stages.
In the first digital collectibles stage, various NFTs of world-famous athletes, clubs, influencers, and enthusiasts are issued in various rarities to establish a baseline supply. Lympo has launched two NFT pools that allow LMT holders to stake their tokens and mint Lympo NFTs.
In the second content and media development stage, various activities will be launched including games using LMT as the main utility token and in-game currency. These games will implement a Play-to-Earn model. Players will be able to utilize their Lympo NFTs to create and upgrade their sports hero characters, and then form teams, play against other players, and participate in tournaments to earn rewards with real-world value.
Collectors of Lympo NFTs will also be able to stake their NFTs to obtain special rewards, thus increasing the value of these collectibles.
Also Read: Leading VC Firm, Andreessen Horowitz, Launches $2.2 Billion Crypto Fund
Getting to know Binance
Trusted by millions worldwide, Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.
Consisting of two parts, premium events, and a marketplace, Binance NFT features valuable collectibles and an easily accessible trading market for all of its users. The platform also has a mobile crypto trading app available for both Android and iOS users to help them trad on the go.
Discover Lympo
Lympo, a subsidiary of Animoca Brands, is building a sports NFTs ecosystem based on world-famous athletes and sports clubs. The Lympo ecosystem will include sports stars, clubs, and custom sports characters created by various artists and sports influencers. Lympo was launched in 2018 together with its token LYM, traded on various exchanges as a token to incentivize a healthy lifestyle.
Ranked in the Financial Times list of High Growth Companies Asia-Pacific in 2021, Animoca Brands is a leader in digital entertainment, blockchain, gamification, and artificial intelligence.
