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France-based Decathlon Unveils Tezos-Powered Outdoor NFT Collection Initiative Dubbed Rockrider Geocaching Game

source-logo  crypto-news-flash.com 21 November 2023 08:08, UTC
  • The Rockrider Geocaching Game by Decathlon has distributed 1,000 digital treasures to be found in areas surrounding France and Germany, which gives the holder notable access to the Rockrider community.
  • The NFT initiative developed on the Tezos blockchain underpins Decathlon’s commitment to promoting environmentally friendly projects that redefine the boundaries of recreation and technology.

After the collaboration between Nomadic Labs and France-based sports equipment and apparel company, Decathlon, on Non-Fungible Tokens (NFTs) turned out to be successful, the latter has delved deeper into the web3 industry through layer-one (L1) Tezos (XTZ) blockchain.

According to the announcement, Decathlon has unveiled its virtual reality project dubbed Rockrider Geocaching Game which combines physical outdoor activities and the digital realm through the Tezos blockchain. Notably, the Rockrider Geocaching Game is currently available to the European market, with the 1,000 digital treasuries distributed around France and Germany, specifically near the scenic Rhine River that originates from the Swiss.

🚴 Join the NFT trail chase with Rockrider!@Decathlon’s iconic brand has launched a thrilling NFT hunt on the #Tezos blockchain with 1,000 digital treasures to be found.

Learn more: https://t.co/lGVUDbe1Ty

— Nomadic Labs (@LabosNomades) November 13, 2023

Inner Working and Details of Rockrider Geocaching Game

In order to participate in the Rockrider Geocaching Game and stand a chance to obtain the digital treasuries that are hidden using GPS coordinates, users will require GPS-enabled devices or mobile phones with similar capabilities.

Notably, users can explore the Europe map and venture to pick the desired collectible first. Furthermore, one must be at least 50 meters around the set GPS point where the treasure is located for the NFT to appear in your wallet. With the NFT in your web3 wallet, you can then join the Decathlon and Rockrider community.

Worth noting that the company is still exploring the roles of NFTs collectible to the Rockrider ecosystem but there are already set benefits to the winners.

Those who have successfully found a collectible can join the Rockrider Community, which offers a range of benefits:
👀 Sneak previews of upcoming collections
🚲 Participation in test missions to help shape future products
🧑‍🎨 Co-creation opportunities with the Rockrider team

— Nomadic Labs (@LabosNomades) November 13, 2023

The collaboration between Decathlon and Nomadic Labs has given the former confidence to further venture into combining its traditional enterprise with web3 technology. Moreover, the Rockrider game is expected to attract outdoor enthusiasts and at the same time tech-savvy individuals. Additionally, the Rockrider game encourages more people to visit the scenic and historic locations of Europe through the Rhine River.

Market Picture

The Decathlon company was founded in 1976 and has grown to a respected sports powerhouse with about 2,080 physical stores in 56 countries as of this report. As the company pushes to make more profits post-COVID-19 devastations, the leadership has identified blockchain technology as a crucial part of attracting new customers and engaging its loyal customers.

Moreover, Decathlon has thrived in producing, marketing, and distributing its products under more than 20 brands, and thus accrued loyal customers over the years.

Meanwhile, the development of Rockrider on the Tezos blockchain is expected to be of significant boost to the XTZ holders amid the ongoing mainstream adoption of digital assets.

According to our latest market data, XTZ traded around 82 cents on Friday, having gained about 30 percent in the past four weeks. Worth noting that XTZ is a medium-capped altcoin with a market cap of about $750 million and an average 24-hour trading volume of around $36 million.