The FLOW token rises 50% after the Beijing Winter Games license

FLOW token rises 50% after Beijing Winter Games license - Beijing 2022 Olympics 1Flow, a decentralized, developer-friendly blockchain designed for next-generation games, saw a sudden spike in social interest following the launch of their mobile game which was officially licensed to show the Beijing 2022 Winter Olympic Games. 

FLOW Token Spikes

Flow is a layer-one blockchain originally created by a team that has built projects such as CryptoKitties, Dapper Wallet, and NBA Top Shot.

The ecosystem's FLOW token has risen nearly 15% in the past 24 hours. This is since a new officially licensed mobile game showing the Beijing 2022 Winter Olympics was launched on the network. 

According to a release shared by the company, nWayPlay's Olympic Games Jam, Beijing 2022 is a play-to-earn mobile game created in collaboration with the International Olympic Committee.

The game allows players to compete in a series of arcade-style winter sports to earn Olympic NFT digital pins as they compete for gold.

In tandem with the announcement, the FLOW token rose as high as $ 9 on February 9 from $ 6,9 a day ago. A week ago the quotation of the alt was $ 5,9 and the coin saw a strong rise.

However, as of press time the token is trading at $ 7,79, posting daily losses of 3,97%. The altcoin faced strong resistance at $ 8,50 and a move above it could trigger a further rally in the price. 

As of press time, Bitcoin was trading at $ 44.948 with a daily increase of 2,07%. ETH, on the other hand, was trading at $ 3.224,88 with a daily gain of 1,39%. 

The craze of the Olympics

The 2022 Winter Olympics were surrounded by controversies over air pollution, government espionage, and the environmental impact of games that rely primarily on artificial snow add to the mix of controversies.

That said, the rise in Covid-19 cases near areas around Beijing and reports of the government imposing a secret lockdown, as reported in previous articles, have further added to the negative commentary around the Winter Olympics.

Also, the long-awaited digital yuan is finally available to foreigners at the Beijing Winter Olympics, but there have been problems around the same. While the digital yuan's performance may have got off to a shaky start, the FLOW token price has reacted well to the Olympic bond.