Hyderabad: Cashing in on the ongoing cricket fever of Men’s T20 Cricket World Cup, CricketCrazy has announced the launch of CricketCrazy Games – Challenges. The world’s first NFT marketplace for cricket collectibles, CricketCrazy’s challenges are a new way of winning rewards by playing virtual games and participating in contests.
Non-Fungible Token (NFT) is a digital asset designed to represent ownership of a virtual item.
CricketCrazy co-founder Pruthvi Rao said, “Challenges provide a fantastic opportunity for Cricket Fans to engage and win rewards with the NFTs that they buy. These are a wide variety of games, some virtual and some linked to real world events, and are created with the inputs from the cricket community”.
Along with the launch of challenges, the platform is also announcing the next set of 100 unique NFTs, which will be used for the upcoming challenges. These NFT drops have started from October 23 coinciding with the T20 Cricket Super 12 matches.
The different types of challenges include ‘Winner Winner’ – which is a form of fantasy cricket where a fan can build a winning team for the world cup, ‘Cricket Bingo’ – a bingo with Cricket NFTs where every time a listed event occurs the rewards increase, ‘Double Century’ – a chance to win twice the rewards if there is a century in a game, etc, the company said in a release.
How does it work?
The platform creates a whole new way of gaming. All that one has to do to participate in any challenge is to simply purchase an NFT on CricketCrazy.io that they think will win the challenge. If the conditions of the challenge are met, the participant is automatically given rewards. Once the reward is received, the NFT can then be sold on the platform to someone else, who may want the NFT for a challenge that they are participating in.
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