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Singapore startup Affyn raises $7 million for F2P P2E AR metaverse cellular recreation | Pocket Gamer.biz


Singapore-based startup Affyn has raised $7 million to develop a free-to-play, play-to-earn AR cellular recreation.

The funding was unfold throughout two funding rounds participated in by over 50 enterprise capital companies, institutional traders, and companions, together with Vespertine Capital, Avalon Wealth Membership, Herd Ventures, and extra.

The agency’s first cellular recreation is a metaverse mission that can combine geolocation and augmented actuality options, and wherein each in-game character is an NFT.

Affyn aspires to progress its in-game foreign money, FYN tokens, to have real-world purposes to create a closed-loop financial system.

Bridging the hole with blockchain

“Our concept of a metaverse is a world the place folks can meet, play and join not simply just about, but additionally in actual life,” stated Affyn founder and CEO Lucaz Lee.

“By utilizing blockchain expertise as a bridge, Affyn goals to drive a world motion the place we are able to play, earn, and have extra enjoyable collectively on the similar time.”

To create a secure in-game financial system, Affyn claims to have spent greater than a yr designing a blueprint to make sure the in-game rewards stay engaging to customers within the long-run, and to draw new customers sooner or later.

Elsewhere within the blockchain house, Ubisoft revealed the launch of Quartz, an NFT platform completely out there to gamers of Tom Clancy’s Ghost Recon Breakpoint on PC.

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