Blockchain
Singapore-Based Gaming Platform Affyn To List Native $FYN Token on Bitmart
Listing To Confer Benefits Of Platform’s Mobile Play-to-Earn Model & Spread Awareness
Singapore, Singapore–(Newsfile Corp. – March 28, 2022) – Affyn, the Singapore-based blockchain startup and one of the pioneers of the mobile Play-to-Earn model, has announced that the platform’s native token $FYN is set to list on Bitmart, a global cryptocurrency exchange operating across more than 180 countries.
Earlier in February this year, the $FYN token made its exchange listing debut. Since then, it has positioned itself as the fourth-most visited and third-most searched token, surpassing the likes of prominent tokens. Now, per a tweet posted by the company, the $FYN token will be listed on the Bitmart exchange starting March 30, 2022 (14:00 UTC).
As opposed to many other metaverse games, Affyn’s in-game characters, called “buddies,” are reusable across different metaverses and games. By providing value in both the real and virtual worlds, the FYN token creates a circular economy, enabling players to participate in in-game competitions, trade NFTs and virtual properties, as well as pay for real-world expenses.
As an added benefit, $FYN tokens earned in the game can be used in the real world – a feature that most P2E games don’t currently offer. This means that the $FYN token can be used to purchase retail items, lifestyle products, and travel in the real world.
Lucaz Lee, Affyn’s Founder and CEO, notes, “We have received immense support and love from the community. Our sustainable gaming economy is designed to enable users to tap into numerous, valuable revenue streams. At the same time, our community will be able to use the $FYN token in the real world. We’re looking forward to the upcoming Bitmart listing given it empowers us to reach users across more than 180 countries, contributing further towards our mass adoption efforts alongside real-world use of digital assets.”
About Affyn
Affyn offers a Play-to-Earn mobile game with integrated AR and geolocation capabilities through its blockchain-powered Metaverse platform that is free-to-play. This unique blend of technologies offers the platform’s community of players an immersive gaming experience where the virtual and real worlds converge. The platform’s native FYN token also offers real-world utility, allowing players to convert it to fiat currency and pay for various products and services.
PRESS CONTACT
Name: Tammie Chew
Email: [email protected]
Website | Telegram | Twitter | Discord
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118328
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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