125 Years of Tradition Transformed! International Olympic Committee Launches Commemorative Badge NFT, Goes on Sale on the Flow Blockchain Platform

Due to the outbreak of the pandemic, the Tokyo Olympics has been postponed to 2021. Recently, Tokyo Olympics Committee Chair Seiko Hashimoto stated that the Tokyo Olympics will not be canceled or postponed again, and will still open on July 23, 2021. If the pandemic escalates, it may be changed to a spectator-less event.

Despite the regrettable circumstances, the International Olympic Committee (IOC) has collaborated with the gaming platform nWay to launch Olympic commemorative NFT badges. These badges, which have a 125-year history, were originally used to identify athletes and referees but have since become collectible memorabilia for spectators and staff at each event.

The Traditional Olympic Emblem Digitally Transformed: Classic Olympic Badges NFT-ified

According to the official website, the Olympic badges issued this time include those from the 1896 Athens Olympics (the first modern Olympics), the 1924 Paris Olympics (the first Olympics held twice in the same city), the 1924 Chamonix Winter Olympics (the first Winter Olympics), the 1932 Lake Placid Winter Olympics (the first Winter Olympics held in the United States), the 1964 Tokyo Olympics (the first Olympics held in Asia), and the 1972 Munich Olympics (the first Olympics with an official mascot).

Munich Olympics NFT:

The International Olympic Committee stated: "In line with the Olympic Agenda 2020+5 reform topics and the IOC's goal of embracing digital technology, this announcement represents a natural transformation of the badge tradition. Olympic enthusiasts can now connect with exciting events in a whole new way and own a piece of history."

Launching on June 17 at nWay, Introducing the Flow Blockchain Auction

Collectors can reportedly obtain officially licensed NFT Olympic badges in three ways: by purchasing card packs on June 17 at nWayPlay.com, buying from other collectors in the nWayPlay marketplace, or playing Olympic-themed games on nWayPlay for a chance to get them for free.

nWay is a subsidiary of Animoca Brands, which is said to be launching an NFT auction house based on the Flow blockchain in the second half of the year. Animoca Brands is also one of the early investors in the Flow blockchain.