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Australians may not see non-fungible tokens (NFTs) take them ‘to the moon’, but they may be able to reach the next best place: the edge of the universe. .
crypto competition, Web3 based in Australia The sweepstakes startup recently partnered with stratospheric exploration firm World View to offer NFT holders a 1 in 7,000 chance to win a priority seat on a World View space flight in 2024.
Harls Cannard, managing director of Crypto Competitions, told Cointelegraph that the sweepstakes is a way to celebrate the launch of a Web3-powered marketplace. Use NFTs and Prizes As an incentive to participate in discounted reward programs.
Everyone in the crypto industry is talking about when are we going to get Lambo, when are we going to the moon, etc.
Canard said he believes spaceflight is “the best way to launch,” even if it doesn’t necessarily mean sending someone “to the moon.”
He explained that his company, Web3, wants to use blockchain to power its spaceflight sweepstakes project. This is because technology makes lotteries safe, secure and transparent.
“Because in many lotteries and systems like this, you don’t really know your odds of winning. You can’t look at the details to know if your name is actually in that barrel or in that draw. , creating a trustworthy and transparent system for producing winners.
The model of Crypto Competitions is Traditional NFT Lotteries Use NFTs to represent sweepstakes “tickets”.
However, it takes its own spin on the sweepstakes process as it employs a gradual elimination process to determine the final winner.
Start with 7,000 NFTs purchased. Then start removing people who enter […] On the final day, 10 NFTs may be drawn for 10 remaining. “
Canard explained that at each step, displaced NFT owners or new buyers are encouraged to participate in the secondary market for surviving NFTs.
We are creating real secondary resale market value for NFTs.
Canard said he hopes the company’s spaceflight project will demonstrate the capabilities of the company’s blockchain technology.
“I’ve been doing this in the Web2 space for the last four years and I’ve seen a big gap between the Australian and international markets, and that’s why.”
Related: Iconic brands like Nike, Gucci, and others have made $260 million from NFT sales.
Crypto Competitions is a Web3 company that provides a membership platform that allows members to access discounts, coupons and offers in over 10 countries.
In the future, Canard said he plans to include prizes such as the Bored Ape Yacht Club NFT and more “life-changing” giveaways and experiences in adjacent NFT sweepstakes products.
