New NFT Collection on Base Commemorates the 2024 Summer Olympics

Credit: IOC

With the Summer Olympics 2024 in Paris just around the corner, nWay, a subsidy of Animoca Brands, is launching a free NFT collection of digital pins to commemorate the event.

In collaboration with My Olympic™ Rewards and Coinbase’s Onchain Summer campaign, the ‘Olympic Games Paris 2024 Mascot NFT Digital Pins’ come in two designs — each featuring the Paris 2024 mascot. Both are available in Epic or Legendary rarity levels.

According to the press release from nWay, the commemorative digital assets are available to claim at the NFT marketplace Magic Eden or through the My Olympic™ Rewards program. They are non-transferable, and users need a Base-supported wallet to complete the minting process.

The mint will last from July 9th until August 12th, and members of the nWayPlay (NWP) and Olympic Games Jam (OGJ) communities will be emailed a whitelist spot and receive all four pins.

Jesse Pollak, the creator of Base, said that the drop showcases “the potential of onchain technology to connect brands closer with their fans.” Of course, that is the main goal of Coinbase’s Onchain Summer event, which began in 2023 to encourage brands and creators to launch projects on the new blockchain.

nWay is a subsidiary of Animoca Brands that specializes in building interoperable games in Web3, including Wreck League, Power Rangers, Olympic Games Jam: Beijing 2022, and dozens more.

The Olympic Games 2024 will take place from July 26th until August 11th in Paris. It is expected to attract between 2.3 and 3.1 visitors to France from all over the world and draw a TV viewership of over 3 billion.

NFT Projects Launch on Base

In August of 2023, Coinbase launched Base along with its first Onchain Summer event. The company’s pivot towards decentralization and an on-chain future was met with excitement from many in the space. Since then, we’ve covered several stories about the developer-friendly L2 from one of the top crypto exchanges. Here are three recent stories.

First, last month, Doodles announced it was moving its fandom club “The Stoodio” from the Flow blockchain to Base. It had two reasons for the change: Base’s ease of onboarding and because it is more cost effective. The transition is expected to happen in mid-July.

Next, in March 2024, Animoca Brands, Pixelnyx, and Banijay Brands announced they were launching a Black Mirror NFT collection on Base. The Black Mirror: Smile Club kicked off with a display in Times Square featuring Jesse Pollak, Yat Siu, deadmau5 and others.

Lastly, in August 2023, Coca-Cola released an NFT collection on Base called ‘Masterpiece’ in collaboration with Coinbase’s Onchain Summer. The collection mixed classic artworks with work from emerging artists from around the world. The NFTs cost around $20-$25.

Base is a young blockchain, but it has already attracted major companies and brands to release NFT projects and build on its network. The new ‘Olympic Games Paris 2024 Mascot NFT Digital Pins’ collection is another example of big players in Web3 being bullish on the blockchain. Let the games begin.