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SINGAPORE STARTUP AFFYN’S PRE-SALE ROUND SUCCESSFULLY CLOSED RAISING US$10.4 Million

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With two oversubscribed rounds in both private and strategic rounds, Affyn successfully closed its presale round within 60 hours. Over 5,700 participants purchased and US$10.4 million was raised in this presale round. With this, Affyn has raised over US$18 million in total.

The presale round features the sale of each FYN token at special prices with a 10-day lock and 6-months linear vesting period. To allow more people to be part of Affyn’s community, each participant was only allowed to purchase a maximum of 50,000 FYN.

The outstanding response for this presale round indicates the public’s confidence and excitement in Affyn’s Play-to-Earn Metaverse, as well as their acknowledgement of Affyn’s long term vision. Across social media, many have expressed their enthusiasm for the utility of FYN tokens that can be used both in the virtual and physical world. Others showed anticipation for the Play-to-Earn Metaverse (named NEXUS), mobile geo-location and AR functions.

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. This successful presale sends a strong signal and confidence in our goals. 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.”

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Affyn is a Singapore-based company building a blockchain-powered Metaverse project with a Free to Play, Play-to-Earn mobile game with integrated geolocation where the virtual and real world converge. Making use of geolocation capability and AR mechanics, Affyn incorporates the fun element of gaming with blockchain technology such as the utility of NFTs and their official currency

FYN token is the official blockchain utility token. The tokens that players earn can be used in both the virtual and real worlds, forming a closed-loop economy.

Tokens will be able to be used to purchase or lease property, purchase and exchange NFTs and participate in events. The tokens will be able to be used for travel, retail and lifestyle related purchases in real life.

Affyn’s team is now preparing for the next step, where they will be working with a few launchpads for the upcoming launchpad (fundraising) round. There is also a token generation event planned for 29th January 2022. The public can also look forward to catch glimpses of Buddies, characters in the game. Trailer video for the NEXUS Metaverse is set to be released in February.

SOURCE Affyn

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Blockchain

Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker

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Welcome to Blocks & Headlines, your daily op-ed–style briefing on the most significant developments in blockchain technology and the cryptocurrency industry. Today’s dispatch spotlights landmark privacy guidelines from the European Data Protection Board, Malaysia’s engagement with Binance’s founder to turbocharge digital finance, a groundbreaking blockchain reconstruction solution from MicroCloud Hologram, the impending launch of Nile Coin on Solana by Hyperscale Data’s subsidiary BitNile.com, and Trua’s AI-driven TruaBroker compliance platform. These stories underscore how regulation, infrastructure innovation, token launches, and compliance automation are shaping Web3’s next chapter.


1. EU’s Privacy Guardrails: EDPB Proposes Blockchain Data Access Guidelines

Source: Decrypt

The European Data Protection Board (EDPB) has published draft guidelines aimed at reconciling blockchain’s immutable architecture with GDPR’s privacy mandates. Key directives include avoiding on-chain storage of personal data when it conflicts with Data Protection by Design and by Default, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, and implementing organizational and technical measures to limit default data access to an “indefinite number of persons” Decrypt.

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Op-Ed Insight:These guidelines mark a pivotal moment. By mandating privacy-by-design and off-chain anchoring of sensitive information, the EDPB effectively pressures projects to adopt hybrid architectures—where on-chain transparency coexists with off-chain confidentiality. While defenders of pure decentralization decry potential censorship, privacy advocates hail these guardrails as essential to prevent authoritarian misuse of immutable ledgers. Ultimately, projects that bake data protection into their smart contracts and storage layers will secure both regulatory compliance and user trust.


2. Malaysia Taps Binance’s CZ for a Blockchain Finance Overhaul

Source: Bitcoin News

Malaysian Prime Minister Anwar Ibrahim has initiated high-level discussions with Changpeng Zhao (CZ), Binance’s founder and former CEO, to position Malaysia as Southeast Asia’s preeminent hub for tokenization and digital finance. The dialogue focuses on leveraging blockchain to modernize capital markets, streamline cross-border payments, and foster regulatory sandboxes that attract global Web3 startups Beamstart.

Op-Ed Insight: Engaging CZ signals Malaysia’s ambition to leapfrog legacy financial architectures by importing Binance’s exchange expertise and compliance playbooks. Yet success hinges on crafting balanced regulations that encourage innovation without compromising investor protection. If Malaysia can marry CZ’s technical insights with proactive oversight—such as clear licensing pathways for decentralized exchanges—it could catalyze a shift in regional capital flows from traditional finance hubs like Singapore to Kuala Lumpur.


3. MicroCloud Hologram’s VSS-Powered Blockchain Reconstruction Solution

Source: PR Newswire

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MicroCloud Hologram Inc. (NASDAQ: HOLO) unveiled an innovative blockchain reconstruction solution that employs Verifiable Secret Sharing (VSS) technology to split and distribute private key shares across distributed nodes. Four core components—VSS-based key sharding, redundant node storage, dynamic participant verification, and incentive-driven reward/penalty mechanisms—enable rapid, trustless restoration of blockchain data integrity following attacks or node failures PR Newswire.

Op-Ed Insight: As DeFi and on-chain finance proliferate, uninterrupted availability and data consistency have become paramount. MicroCloud’s VSS approach transforms reconstruction from a centralized recovery process into a decentralized protocol, minimizing reliance on any single custodian. This paradigm could redefine disaster-recovery benchmarks: imagine an exploited smart contract whose state is instantly rebuilt through pre-sharded secrets, preserving transactional continuity without manual key escrow.


4. BitNile.com to Launch Nile Coin on Solana Blockchain

Source: GlobeNewswire

Hyperscale Data, Inc. (NYSE American: GPUS) announced that its social gaming subsidiary BitNile.com will launch Nile Coin on Solana on May 1, 2025. Solana’s high throughput and low fees position it as an optimal platform for BitNile’s gaming ecosystems, where Nile Coin will fuel in-game economies, reward completions, and facilitate peer-to-peer transactions. Further details on tokenomics and utility are expected in the coming weeks GlobeNewswire.

Op-Ed Insight: While new token launches are ubiquitous, Nile Coin’s Solana-native design leverages one of the fastest blockchains for scalable micro-transactions—a critical requirement for social gaming. Success will depend on robust token utility, partnership integrations, and community incentives. If BitNile.com can embed Nile Coin across multiple entertainment verticals (e-sports, virtual concerts, NFTs), it could ignite a network-effect flywheel, bolstering both user engagement and on-chain liquidity.

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5. TruaBroker: Automating Compliance with AI-Powered Trust Credentials

Source: PR Newswire (via Benzinga)

Trua, a leader in digital trust credentials, launched TruaBroker™, a cloud-based platform that automates compliance for broker-dealers and Registered Investment Advisors. Built on Trua’s patented Continuous Evaluation engine, TruaBroker delivers real-time monitoring of FINRA, SEC, and NFA records; identity verification; and continuous credential checks—all without IT integration. Its AI algorithms flag licensing gaps, disciplinary histories, and civil actions, enabling firms to maintain audit readiness and mitigate risk proactively Benzinga.

Op-Ed Insight: In an era when on-chain transactions intersect with regulated financial activities, seamless compliance is non-negotiable. TruaBroker’s model—issuing reusable, verifiable digital credentials anchored by blockchain—offers a blueprint for how KYC/AML processes can evolve into dynamic, trustless workflows. As DeFi platforms eye tokenized securities and on-ramps, integrating similar continuous-evaluation mechanics could become a competitive differentiator, blending self-sovereign identity with regulatory assurance.


Conclusion
Today’s headlines illustrate blockchain’s multifaceted evolution: from regulatory frameworks enforcing privacy and consumer rights, to infrastructure innovations that ensure resilience; from national strategies enlisting industry titans to drive tokenization, to platform launches forging new digital economies; and from compliance automation transforming institutional trust to AI-powered credentialing.

As the space matures, successful projects will be those that:

  1. Embed privacy and compliance by design—aligning with GDPR and global regulations.

  2. Invest in self-healing architectures—leveraging cryptographic primitives like VSS.

  3. Cultivate vibrant token ecosystems—anchored on high-performance chains.

  4. Adopt continuous, AI-driven governance—bridging the gap between Web3 innovation and traditional financial oversight.

Stay tuned to Blocks & Headlines for incisive commentary and daily updates on the blockchain stories that shape tomorrow’s decentralized future.

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Blockchain

Kindcard, Inc. Launches Payments Marketplace

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Blockchain

Esposito Intellectual Enterprises (EIE) and Krown Technologies Announce Groundbreaking Partnership to Redefine Blockchain Innovation

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