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Singaporean Startup Develops Metaverse Project with Geolocation & AR, Raised Over $7 Million

metaverse tokens

Singapore-based blockchain-powered Metaverse project Affyn is working on a Free-to-Play and Play-to-Earn mobile game, featuring an integrated geolocation and augmented reality (AR) capability.

Every character within the game — called “Buddy” — is a non-fungible token (NFT), allowing players to truly own the buddy.

Every game has its own set of currency, and Affyn is no exception. Known as FYN tokens, this native token is designed to be highly versatile. Aside from being used for in-game transactions, it is expected to adopt real world utility as well. By allowing players to earn the tokens virtually and then use them in the real world, it increases the value of FYN tokens and creating a closed-loop economy.

Our idea of a Metaverse is a world where people can meet, play and connect not just virtually, but also in real life. By using blockchain technology as a bridge, Affyn aims to drive a global movement where we can play, earn, and have more fun together at the same time.

 

Lucaz Lee, Founder and CEO of Affyn

Affyn is among the trailblazers behind mobile Play-to-Earn model, created to change the way players can derive value from the ecosystem when compared to traditional gaming platforms. The team has spent over a year drafting a detailed bluesprint to create a sustainable game economy, ensuring that the rewards stay attractive to both new and existing players for years to come.

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