▷ Singapore-based Affyn, a rising star on …

10.12.2021 – 02:17


Singapur (ots/PRNewswire)

  • Affyn’s private round was oversubscribed just a week after it was posted on the website, which led to the opening of a new strategic round, which in turn was oversubscribed before going on pre-sale on December 18, 2021.
  • Backed by more than 50 venture capitalists, institutional investors and partners, which is a sign of the great trust and demand for the Affyn play-to-earn metaverse.

The Singapore-based startup Affyn, a blockchain-supported Metaverse project, is developing a free-to-play and play-to-earn mobile game with integrated geolocation and augmented reality (AR) functionality.

Free-to-Play und Play-to-Earn neu konzipieren

As a metaverse-based project with geolocation capability and AR mechanics, Affyn has the fun concept that every character they call “Buddy” is a non-fungible token (NFT). If you are new to NFT, this means that only that the buddy is actually yours, not the game developers, which is revolutionizing the traditional game industry where players generally work thousands of hours on in-game items and currencies that ultimately do not belong to them.

Creation of a closed economic cycle

Much like every game has its own currency, Affyn’s currency is also known as the FYN token. The use of FYN tokens is said to be very diverse – in addition to the usual in-game transactions, work is being carried out on taking over the use in the real world. The creation of this integrated ecosystem, in which players can virtually earn the tokens and use them in the real world, creates a closed economic cycle that increases the value of the FYN tokens.

Ensuring a sustainable gaming industry

Affyn is one of the pioneers of the mobile play-to-earn model, which was created with the intention of changing the way in which players can get value from the ecosystem compared to traditional gaming platforms. The team spent more than a year devising a detailed plan for creating a sustainable gaming economy. This helps keep the rewards attractive to existing and new players over the long term.

Lucaz Lee, Founder and Chief Executive Officer, who leads the fundraising, on the reasons why he started this project: “Our idea of ​​a metaverse is a world in which people can meet, play and connect not only virtually but also in real life. By using blockchain technology as a bridge, Affyn wants to drive a global movement in which we can play, earn and have more fun together. “

To learn more about Affyn:

Logo – https://mma.prnewswire.com/media/1705459/Affyn_logo_Logo_Logo.jpg

Press contact:

Zac Chen,
[email protected]

Original content by: Affyn, transmitted by news aktuell


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