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Affyn Gets $20 Million In Latest Funding Rounds To Build Sustainable Game Economy

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Feb 9, 2022

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After successfully raising $10.4 million in presale, Affyn has now raised more than $20 million through several fundraising rounds. It includes the recent round led by several launchpads. 

“Our successful fundraising campaign signals strong confidence in the vision of Affyn’s Play-to-Earn Metaverse,” said Lucaz Lee, CEO, and founder of Affyn, while acknowledging the “tremendous support and trust” of the advisors, partners, investors, and community in the project.

According to Lee, Affyn will spearhead the first of its kind Play-to-Earn Metaverse that brings reality into the synthetic world where the real world is represented by NFTs, digital avatars, and assets. 

Tech giants like Facebook (rebranded as Meta), Microsoft, Apple, Nvidia, global gaming company Entain, Unity, Roblox, and many others, have already announced their plans to invest in the metaverse, which investment bank Goldman Sachs predicted to be an $8 trillion opportunity.

“2022 will be unprecedented as we ignite the tech space by ushering in a new era of Metaverse,” said Affyn CEO Lee.

Singapore-based startup Affyn is a blockchain-powered Metaverse project with a Free-to-Play, Play-to-Earn (P2E) mobile game that integrates the best of both the virtual world and the real world. 

The company uses geolocation technology, augmented reality (“AR”) mechanics, and non-fungible tokens (“NFT”), to create an ecosystem that is sustainable.

For more than a year, the Affyn team has been developing a closed-loop ecosystem with sustainability at the forefront of its game economy. 

To be the pioneer of building a sustainable mobile Play-to-Earn model, they are creating a system with multiple revenue streams covering an advertising revenue model and business-to-business collaboration.

In the coming months, Affyn will give the audience a glimpse of its NEXUS Metaverse through “Buddies”, a collection of NFT characters in the game.

The trailer video of the Metaverse meanwhile will be released this month.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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