OKX, a Web3.0 technology company, has launched the OKX Crypto Cricket Cup, a competition that will run from October 5 to November 5, alongside the 2023 international cricket championship in India. This competition aims to encourage participants to learn about Web3.0, capture exclusive, cricket-themed NFTs and compete for a share of a prize pool worth over $200,000.
According to an official release, participants will complete tasks, refer friends and learn about OKX’s Web3.0 products. In return, they are expected to receive prizes, including airdrops of NFTs representing real cricket teams competing in the international cricket championship.
From what it’s understood, holders of the NFTs representing the champion, runner-up, and third-place team in the real-life tournament will be eligible to split prize pool winnings of 50,000 USDC, 30,000 USDC and 20,000 USDC, respectively. Throughout the campaign, other prizes including token giveaways are believed will also be awarded to participants. Reportedly, users who want to collect more team NFTs to have a chance of landing a champion, runner-up or third-place team can complete more Web3.0 challenges or explore the OKX NFT Marketplace.
Moreover, in the initial phase of the competition, starting October 5, eligible participants can spread word about the campaign on social media to receive a NFT. In the second phase of the competition, starting on October 9, participants can complete Web3.0 quests on the Polygon chain through OKX Wallet. Starting on October 16, users can get rewards by referring friends to the competition. Sources suggest that the OKX Crypto Cricket Cup features cricket-themed NFTs relating to cricket teams such as India, Australia, Bangladesh, England, Afghanistan, The Netherlands, New Zealand, Pakistan, South Africa and Sri Lanka. It’s believed that the final prize-giving will take place after 27 November.
“I believe cricket as a sport is prime for a Web3.0 transformation. There seems to be an entertainment utility waiting to be unlocked on top of GameFi and Web3.0. We are looking forward to partnering with local ecosystem players and bringing some of these experiences to cricket fans, including in India, soon,” Haider Rafique, chief marketing officer, OKX, said.
