Singaporean startup Affyn, a rising star in the Metaverse space, organized 2 oversubscribed fundraisers, bringing the total amount raised to over US $ 7 million


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2021-12-09
  • Affyn’s private tour was oversubscribed less than a week after its website was unveiled, prompting the opening of a new strategic tour which was again oversubscribed, ahead of its presale on December 18, 2021.
  • Backed by over 50 venture capitalists, institutional investors and partners, reporting high confidence and high demand for Affyn’s Play-to-Earn metaverse.

SINGAPORE, December 9, 2021 / PRNewswire / – Singapore The startup Affyn, a blockchain-powered Metaverse project, is developing a Free-to-Play and Play-to-Earn mobile game with built-in geolocation and augmented reality (AR) capability.

Reinventing Free-to-Play and Play-to-Earn

As a metaverse-based project with geolocation capability and AR mechanics, Affyn incorporates the fun concept where every character in the game, which they call “Buddy,” is a non-fungible token (NFT). If you are not yet familiar with NFT, it just means that the buddy actually belongs to you, not the game developers. It disrupts the traditional gaming industry where players spend thousands of hours buying items. and in-game currencies that they don’t really own.

Create a closed-loop economy

Similar to how each game has its own set of currencies, Affyn’s currency is also known as FYN tokens. The utility of FYN tokens aims to be very versatile – outside of the usual in-game transactions, it is adopting real-world utility. By creating this integrated ecosystem where players can earn the tokens virtually and be able to use them in the real world, a closed-loop economy is formed – increasing the value of FYN tokens.

Ensuring a sustainable gaming economy

Affyn is one of the pioneers of the Play-to-Earn mobile model, created with the goal of changing the way gamers can derive value from the ecosystem compared to traditional gaming platforms. The team spent over a year devising a detailed plan to create a sustainable gaming economy. This helps ensure that the rewards remain attractive to existing and new players in the long run.

Lucaz Lee, Founder and CEO, who is leading the fundraiser, on why he started this project: “Our idea of ​​a metaverse is a world where people can meet, play and connect not only virtually, but also in real life. Using blockchain technology as a bridge, Affyn aims to lead a global movement where we can play, win and have more fun together at the same time. ”

To learn more about Affyn:

SOURCE Affyn

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