Australia-based Web3 sweepstakes company Crypto Competitions recently partnered with space travel company World View to give its NFT holders the chance (1 in 7,000) to win a priority seat in World View spaceflight in 2024.
Harls Cannard, general manager of Crypto Competitions, said in an interview that his Web3 company wants to use blockchain to help its spaceflight sweepstakes because the technology makes sweepstakes safe, secure and transparent.
It is reported that the model of Crypto Competitions is similar to the traditional NFT lottery, which uses NFTs to represent lottery tickets.
But it employs a phase-out process to determine the final winner among 7,000 NFTs.