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Betting Platform Chipz Launches NFT Marketplace Along With First Ambassador — UFC Champion Nick Diaz

Betting Platform Chipz Launches NFT Marketplace Along With First Ambassador Sponsored
  • Chipz launches its NFT marketplace.
  • They also announced their first major brand ambassador — UFC Champion Nick Diaz.
  • The platform will support NFL, NBA, cover video games, casino games, etc.

Gambling, as we know it, is being completely reinvented by the recent adoption of cryptocurrencies, as well as the blossoming DeFi (Decentralized Finance) sector. A surge in NFTs (Non-fungible Tokens), and the rise of esports in response to the pandemic, have enhanced growth even further.

With the development of decentralized smart contracts & oracles, sportsbooks are now able to aggregate real-life events for immutable verification and betting, whereas blockchain games have given a new lease of life to the industry.

Following these technological advancements, a surge of new gambling projects have emerged, many of them with their own utility cryptocurrency or token, claiming to bring new technology to the table. The question is, how many of these projects are simply jumping on the bandwagon and how many offer something that no one else can?

A key project of note is mychipz.io, a privacy-oriented and DeFi-backed betting platform that lets users run their own betting operations. More so, they are accepting bets from other users on a wide range of sports with the platform’s native ERC-20 token CHPZ.

On Tuesday, the betting platform — Chipz, launched its NFT marketplace. Also, the DeFi-backed platform announces UFC Champion Nick Diaz is their first major brand ambassador.

Mychipz.io: Decentralized No-limit Betting

The platform launches in Q4, 2021, and will not just support betting on sports like NFL, NBA, esports, but will also cover video games, casino games, and just about everything else that people can wager on. In contrast to traditional alternatives, Mychipz.io does not have betting limits, does not require KYC, and offers loans to users to allow them to obtain CHPZ. The platform focuses heavily on user privacy and control.

Chipz: The NFT Marketplace

NFTs are rapidly infiltrating the cryptocurrency boom of 2021 in the current gaming ecosystem. Since NFT assets changed the face of gaming, they now hold tangible value outside of the realm of gaming and betting.

As mentioned before, the Chipz NFT marketplace went live on September 21st, taking advantage of a $3 billion market with a series of exciting projects and synergies. To begin, Chipzdrive.io is an NFT-based racing experience that uses Chipz tokens on the Clean NFT network of Tezos for purchase, race entry, and prize pools. With the Drive, players can buy, use, and sell NFT cars, including:

3F1 Racers
4Supercars
5Street Racers
12Single Edition Vehicle NFTS

Furthermore, CHPZ tokens can be used to enter prize pools in the game and bet on the winning vehicles of players using NFT cars on “out-of-this-world quality” virtual race tracks.

More About CHPZ DeFi Staking

Chipz is the first platform to offer DeFi-backed betting solutions, enabling gamblers to stake CHPZ tokens and earn a return from the result of major events over time. When the results of a sporting event are final, smart contracts distribute the pool prize to bettors, bookmakers (based on rankings), and CHPZ stakers.

Consequently, CHPZ stakers will benefit from an initial 3% of the total revenue from all winning payouts and lose no profit from any fees from unresolved or canceled bets. Unlike traditional sportsbook staking, all staked CHPZ will be locked into a liquidity pool on Uniswap, and therefore entitle stakers to earn 3% of their staked CHPZ, in CHPZ.

UFC Champion Nick Diaz Joins the Chipz Team

One more great news is that Chipz has already attracted some big names to its advisory board.  Some of them are American businessman Jacob Busch, former NFL running back TJ Duckett, and DJ Lethal member Limp Bizkit. Above all, they announced that UFC legend Nick Diaz will be their first major brand ambassador.

In fact, to celebrate this announcement, Chipz is extending the CHPZ public sale and its NFT giveaway until the press conference for his fight at UFC 266. To highlight, Nick Diaz will wear a Chipz cap to promote the project.

Conclusion

There is no doubt that the Chipz team is not resting on its laurels with the launch of the marketplace yesterday and a new ambassador to promote the platform. In addition to Chipz mini-games launching this month, other exciting market releases are planned in the run-up to Chipzdrive’s launch towards the end of 2021.

Importantly, all betting fans and potential entrepreneurs can take advantage of the innovative Chipz platform and NFT marketplace. Indeed, users can be their own boss, have the opportunity to operate their own sportsbook, and sell limited edition NFT assets. Anyone with a passion for betting can join the public sale and begin their journey to become their own bookmaker. 

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.