GameFi is Bringing a Whole New Economy to Blockchain Users – How One Firm is Disrupting The Game

To Affynity and beyond with this blockchain startup that is raking in the funds even before the launch of its disruptive new metaverse. Affyn, a Singapore based company is weeks aways from launching its unique Metaverse game, which leverages a combination of augmented reality by geo mapping the real world, and blockchain technology to engage players in its play-to-earn Nexus World. But this company has taken the concept even further with its brand new take on a sustainable closed-loop economy for its users. It has merged the lines of GameFi with business-to-business media, by offering brands the ability to advertise inside its Metaverse. Perhaps, this explains the popularity of this particular platform to the many investors and individuals that have piled money into the project. The public token pre-sale was a success, and within 60 hours of the opening, 5700 participants had purchased tokens to the tune of $10.4 million. No mean feat.

What’s The Game About?

The goal of this game is for users to work their way through the world, while taking part in quests, raids and buying Land. Land is in the form of unique NFTs, and once a user has Land, he or she can then purchase structures to place there, hold events there, or even lease out their Land to other users.

All of this is made possible through its use of the blockchain, which automatically verifies achievements and purchases, and gives users authenticated ownership of characters, known as “Buddy”, buildings and segments of Land, which contribute to the overall landscape of the Verse. All in-game items can be purchased directly inside the platform with the use of the platform’s native FYN token. The token can also be used to purchase real items in the real-world, giving the token real utility in both domains.

“Buddy” the cute characters that roam Lands, are attributed with new characteristics and qualities as they proceed further into the game. This gives them the ability to go head-to-head in PVP battles and raises their value.

The Money Pours in

Ahead of its successful presale, Affyn raked in investment from a selection of over 50 venture capital firms, individual and private investors to the tune of over $7 million. According to the company founder and CEO Lucaz Lee,

“We would like to thank our partners, advisors, investors and community for the tremendous support and trust in Affyn. Our successful fundraising campaign signals strong confidence in the vision of Affyn’s Play-to-Earn Metaverse. 2022 will be unprecedented as we ignite the tech space by ushering in a new era of Metaverse. We will pioneer the first of its kind Play-to-Earn Metaverse that encapsulates the fabric of reality into a synthetic world where the notion of a real world is represented by digital avatars, NFTs and assets. We would like to invite you to join us in this Metaverse where we can play, earn and have more fun together at the same time.”

As GameFi continues its explosive popularity, we can expect more innovative platforms with ideas on how to engage users and to give them a source of income as they play. Affyn may be the forerunners in this closed-loop gaming economy. Watch this space.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.