Grand Cayman, Cayman Islands, July 12th, 2024,
Chainwire
Axiom Foundation
announced today that it will partner with GolfN to accelerate the field of Play-to-earn in
real-world golf. The non-profit foundation has committed to
providing blockchain infrastructure for GolfN which will initially
include an allocation of the SPL $GOLF token for utility in the
forthcoming GolfN mobile app and the use of Axiom’s proprietary
caching system for GolfN’s NFT collectible golf clubs. In addition
to partnering with GolfN, Axiom’s first round of partnerships
includes several leading Solana ecosystem projects such as Bonk!, Kanpai Pandas, and Degen Ape Academy.
“We’re looking forward to accelerating the growth of a
groundbreaking project at the frontline of P2E’s emergence in
global sports engagement,” said Mike Robinson, Axiom’s Managing
Director. “Measured globally, the average person spends nearly two
hours daily engaging with Sport – playing, watching,
strategizing. That level of engagement could cost an
advertiser anywhere from $200 - $600 a month in the attention
economy. Axiom’s goal is to connect players with some of that
value; in the case of GolfN, enabling users’ sport obsession to
offset their monthly golf budget. Getting an effective P2E layer
into a physical sport like Golf and its surrounding ecosystem is a
key milestone for the entire industry. Axiom is confident that
GolfN can get this done correctly and at speed.”
Axiom made waves earlier this year when it announced it would release
the GOLF token on the Solana network to kickstart the
proliferation of Play-to-earn mechanisms in global Golf engagement.
In addition to providing GolfN with a GOLF token allocation, Axiom
has built a novel Caching Portal within the Solana ecosystem where
collectors and golfers alike can earn rewards on their
Axiom-approved digital collectibles without those assets ever
leaving their owners’ wallets. Golfers can simply connect their
wallet to the Axiom app, see their collectibles and complete sets
eligible, and cache them. Rewards will begin to accrue at the next
epoch.
GolfN CEO Jared Phillips said, “Web3 is long overdue
for a green grass, Play-to-earn experience. It's been six years
since P2E emerged in Web3 and yet GolfN is one of the first
projects to get serious about building a P2E gamification layer
into a physical sport. At an average cost of $43 per round, golf is
ripe for this transformation. Imagine a Caddie App that tells you
which club to hit on each shot, manages your social side games, and
rewards you for every round. We’re going to flip the model and let
the value of engagement accrue to the golfer.”
About the Axiom Foundation
The Axiom Foundation is
bridging the world of Web3 into real-world Sports. As one of
the global Sports with a high average cost of play, Golf is ripe
for this type of transformation and thus provides one of Axiom’s
logical jumping-off points. Axiom’s partner entities will leverage
the Foundation’s proprietary blockchain infrastructure to build out
Play-to-earn implementations and enhance the real-world golfing
experience.
About GolfN
GolfN is redesigning golf engagement for the
decentralized digital era. With a focus on innovation, community,
and sustainability, GolfN is dedicated to enriching the golfing
experience for golf enthusiasts of all levels. In addition to
minting the first digital collectibles for a real-world sport like
golf, GolfN is developing a gamified social caddie app for
on-course play, which golfers can use to play better and earn
blockchain-convertible rewards.
Contacts
The Axiom
Foundation
info@axiomfoundation.io
Head of
Communications
Brandon
Tucker
GolfN
Inc.
brandon@golfn.com