Asset-backed digital gold token Digix helps Ethereum-based recreation Axie Infinity go gold.
The deal will enable for Axie Infinity gamers to obtain in-game tokens which can be backed and redeemable for bodily, investment-grade gold.
Shaun Djie, COO and Co-Founder of Digix stated:
“This collaboration with Axie Infinity just isn’t solely a main milestone for Digix—however for the expansion of digital gold, highlighting its advantages throughout a vary of industries together with gaming. By offering an in-game forex that’s backed by gold, a time-tested, safe-haven asset—we’re remaining true to our imaginative and prescient of democratising entry to gold and additional showcasing the modern use circumstances for digital gold.”
Real gold rewards will likely be supplied as an in-game forex by way of Axie-DGX tokens which could be exchanged for Digix’s native token, DGX— the place 1 DGX is equal to 100,000 Axie-DGX. Axie Infinity is a digital pet group that lets gamers battle, gather, commerce and lift Axis, the place gamers can power-up these fantasy creatures via minigames, quests, contests, and particular in-game occasions. Powered by Ethereum, the Axie Infinity market is clear, liquid, and safe, enabling gamers to have full possession of their Axies and the flexibility to commerce and promote them in a safe method.
Ranging from 20 July 2020 10 AM EST to 2 August 2020 10 AM EST, Axie Infinity gamers may have the possibility to earn Axie-DGX tokens as they compete on this seasonal occasion. Axie-DGX tokens will likely be rewarded as a random in-game drop with a whole prize pool of US $1500 Axie-DGX tokens.
Aleksander Leonard Larsen, COO and Co-Founder of Axie Infinity stated: “This initiative elevates the play-to-earn narrative to new heights. For the primary time, gamers can earn actual gold by merely enjoying a recreation. Consumer-focused experiments that profit and reward customers are key to furthering the adoption of blockchain know-how.”
As half of this marketing campaign, Bullionix may even craft restricted version 3D collectables within the kind of Axie-themed non-fungible tokens (NFTs) which can be backed by Digix’s investment-grade gold. Every Bullionix collectable has zero.25 DGX staked on-chain that belongs to the holder of the NFT. A zero.1 DGX minting price is settled in the identical transaction. These commemorative items can be found to mint completely from 20th July till ninth August. Every NFT can then be interacted with within the Bullionix dapp, gifted and even resold on NFT marketplaces. Axie Infinity customers are capable of entry their dashboard to switch Axie-DGX into their private pockets with the choice to mint these restricted version collectables.
Digix, included in Singapore in 2014, is the blockchain firm behind the world’s first gold-backed digital asset class. Digix makes use of blockchain to account for the authentication and provenance of 99.99% investment-grade gold bullions. Bodily gold bars are registered on the blockchain, and each 1 gram of bodily gold registered is pegged to 1 DGX token. The bodily gold bars are stored in vaults positioned in Singapore and Canada.
Digix can also be the primary firm globally to ship a stay transaction on the Ethereum community and a pioneer in Singapore’s blockchain ecosystem—turning into the primary batch of Tribe Accelerator program, a Singapore government-backed blockchain accelerator. Digix not too long ago received the 2020 S&P International Platts: Valuable Metals Business Management Award and was a finalist within the 2016 Singapore MAS Fintech Awards.
Axie Infinity is a Pokemon-inspired digital pet universe the place gamers can battle, increase, and gather fantasy creatures known as Axies. Axie highlights the advantages of blockchain know-how via play to earn gameplay and a player-owned economic system.
Additionally revealed on Medium.