Blockchain platform OKX has unveiled a novel NFT initiative tied to the FIFA World Cup, offering participants over $2.3 million in prize money. This limited-time campaign merges digital collectibles with football fandom through the OKX Football Cup tournament.
World Cup NFT Tournament Mechanics
Participants can:
- Mint up to 3 team NFTs by staking 0.01 ETH per mint
- Predict match outcomes across all tournament stages
- Share prize pools when their selected teams win
👉 Get started with World Cup NFTs
Prize Structure Breakdown
| Tournament Phase | Prize Mechanism |
|---|---|
| Group Stages | 20,000 USDT fixed pool per match |
| Knockout Rounds | Dynamic prize accumulation |
| Final Match | Largest cumulative prize pool |
How to Participate
Initial Minting:
- Visit OKX NFT platform via desktop
- Navigate to Football Cup section
- Stake ETH to mint first team NFT
Additional Mints:
- Use OKX mobile app for remaining NFTs
- Option to batch-mint all 3 simultaneously (saves gas fees)
Alternative Option:
- Purchase pre-minted NFTs on OKX marketplace
Strategic Advantages
OKX leverages three key football engagement factors:
- Worldwide audience exceeding 1 billion viewers
- Emotional team loyalties
- Competitive prediction dynamics
The platform enhances traditional fandom by:
- Converting team support into tangible rewards
- Introducing Web3 elements organically
- Creating shared community incentives
FAQ Section
Q: When does the redemption period end?
A: NFT redemption closes December 18, 2022 following the final match.
Q: What happens in case of a draw?
A: The 20,000 USDT pool splits equally between both teams' NFT holders.
Q: Can I participate without staking ETH?
A: Yes, through secondary purchases on OKX's NFT marketplace.
Q: How are prizes distributed?
A: All qualifying NFT holders share pools equally.
Q: What's the advantage of minting multiple NFTs?
A: Increases winning chances across different matches and teams.
Q: Are there geographical restrictions?
A: Subject to local regulations - check OKX's terms for details.