The ongoing World Cup in Qatar has taken a unique turn from previous competitions as it has synergized with the blockchain industry. Blockchain technology, although nascent, has gradually seen an increase in mass adoption especially in sports. This has first been explicitly explored through the issuance of fan tokens. Following this, different projects have been launched on blockchain technology in collaboration with the sporting world. An example of this is Binance’s partnership with the football legend Cristiano Ronaldo.
Leveraging blockchain technology, sports enthusiasts can get to earn from World Cup matches just as gamblers get to earn from these matches through traditional gambling agencies. Some of the earning opportunities in the World Cup through blockchain will be highlighted in this article.
Binance Football Fever
Binance Football Fever, an engage-to-earn product of Binance, is an engaging and entertaining competition where football fans get to win prizes during the ongoing FIFA world cup. It was presented by Binance Fan Token.
Binance football fever is an avenue to grandstand sports skills and develop possible outcomes of football matches. Participants will get remunerated in return for their support. The components of BFF, which are also the reward system are; the Daily Challenges and the Leaderboard.
By participating in the daily challenges, participants get to earn daily rewards for their engagements. They will be graded based on the points they earn and could divide up to $1,000 worth of tokens between these days. In addition to participants’ daily performances on the daily challenge, they will also be ranked on a leaderboard based on their overall performance throughout the competition.
The overall leaderboard results will be released a day after the World Cup finals. The top 200 on the board will receive a limited-edition NFT as well as a special fan experience. These prizes must be claimed before the 2nd of January 2023.
Ku Coin Crypto World Cup
Ku Coin Crypto World Cup is a prediction tournament that celebrates the FIFA world cup in Qatar. A grand prize of $30,000 and exclusive collectibles of the Brazilian Football star, Neymar Junior are included in the World Cup winner prediction competition. This competition runs through till the end of the world cup.
By the end of the group stage in which 48 matches must have been played, the top 500 participants will share a $10,000 prize pool according to their point standing.
After the Round of 16 matches, the top 200 participants will share $20,000 according to their points.
Each of the winners will be qualified to get a complimentary KuCoin Wallet World Cup commemorative NFT. The first-place winner will receive a special piece of Brazil’s national team merchandise.
Participants will be ranked by overall point total and the leaderboard will be updated daily.
Prediction points can also be earned in the tournaments by inviting friends.
- Group stage and Elimination stage points cannot be added
- The winners of the group stage must have picked 12 or more outcomes correctly.
- Elimination stage winners must have produced ten or more predictions correctly
- Cards gained during group play can be used during elimination play.
- Cheating is not allowed. This includes the use of duplicate accounts or imaginary identities. In ensuring this, incentives will not be given out after verification and qualification can be revoked if unusual or suspicious activities are detected.
Prizes will be automatically airdropped into the winners’ wallets within 10 business days after the competition.
To get started, participants have to download the Kucoin wallet and update the app to the latest version.
OKX, one of the highly rated crypto exchanges, has launched its World Cup NFTs where participants get to win prizes. These NFTs are part of the OKX Football Cup. Here, participants get to mint their favourite teams’ NFTs and also celebrate and partake in their success by winning pool prizes.
Over $2.3 million worth of prizes has been set aside to be won. To get a shot at winning these prizes, participants need to stake ETH and mint the World Cup NFTs for free.
Participants can mint up to 3 teams’ NFTs by staking 0.01 ETH for each mint. To mint the first NFT, participants are to visit the OKX Football Cup page and follow the prompts. For the other two mints, participants are mandated to use the OKX App. However, participants can decide to save gas fees by using the app to mint all three NFTs at once.
These NFTs can also be purchased on the OKX NFT marketplace.
Participants are to predict the winners in the group stage, knockout rounds, and third place. For participants who get these predictions correctly, they get to redeem their NFTs after the tournament.
For the group stages, each match offers a fixed prize of 20,000 USDT to be won. For each minted NFT, OKX adds 10 USDT to increase the prize pool. Holders of the winning teams’ NFT get to share the prize pool equally. If the teams draw, each side receives 10,000 USDT which will be shared among the holders of the teams’ NFT.