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