Lympo, a subsidiary of Animoca Brands, is building an ecosystem of GameFi products based on officially licensed athlete NFTs. Lympos offerings include an NFT minting and staking platform, as well as upcoming play-to-earn sports-themed games such as basketball manager or chess. Lympo holds the intellectual property rights for more than 50 top-tier global athletes, including world-class chess player Magnus Carlsen.
The SPORT token will replace the functionality of LMT. As the SPORT token circulates within the Lympo NFT ecosystem, all SPORT holders will be eligible to participate in Lympo NFT minting pools and NFT staking activities to earn additional rewards.