NFT Migration to Base
Last updated
Last updated
To ensure continued access and full ownership of your Olympic Pin NFTs, we are offering a migration path from the Flow blockchain to the Base blockchain. This move allows you to transfer your NFTs from the nWayPlay custodial wallet and gain true ownership.
To participate, you'll need to link your Coinbase Smart Wallet to your nWayPlay account. Please note, if you do not complete the migration before the closure deadline, you will lose access to your Olympic Pin NFTs once the site goes offline. You can find detailed step-by-step migration instructions on the page.
The NFT migration period will start on June 9, 2025 at 6:00 PM (PT) and the last day to migrate your NFTs will be July 31, 2025 at 6:00 PM (PT).
If you do not migrate your NFTs to Base before the deadline (7/31), you will lose access to your NFTs on the nWayPlay custodial wallet on the Flow blockchain.
This strategic move is being made to ensure the long-term viability, accessibility, and improved experience for the Olympic Pin NFTs. Here's a breakdown of the key reasons:
Cost-Effective Transactions: Base is a Layer 2 (L2) blockchain solution. This means it offers significantly lower gas fees for transactions and trading compared to Layer 1 blockchains. This will make future interactions with your NFT more economical.
Seamless Marketplace Integration: A significant advantage of Base is its direct integration with the Coinbase Marketplace. This partnership will streamline the process of selling and trading of the Olympic Pin NFTs, offering a familiar and reliable platform.
Elimination of Royalties: We are thrilled to announce a major benefit for sellers: nWayPlay is removing all royalties for transactions on the Base blockchain. This means that 100% of the sales price will go directly to you as the seller, minus any standard marketplace commissions.
Free Migration for Users: To facilitate a smooth transition, nWay is offering to pay for the network (gas) fees. This means that the migration of your NFTs to Base will be completely free for you and all other nWayPlay users.
Enhanced Wallet Control: Currently, the nWayPlay wallet on the Flow blockchain is custodial, meaning nWay has access. With the migration, you'll be able to utilize Coinbase's non-custodial Smart Wallet. This provides you with full and direct control over your NFT, a significant improvement in terms of ownership and security.
nWay recognizes the value of true ownership of your Olympic Pin NFTs and are committed to ensuring its continued recognition and potential within the new ecosystem. This migration to Base is a proactive step to provide a more stable, cost-effective, and user-centric future for your digital assets.