Grand Cayman, Cayman Islands, July 12, 2024, Chainwire
Axiom Foundation today announced it is partnering with GolfN to accelerate the game-changing field for real-world golf. The nonprofit foundation has committed to providing blockchain infrastructure for GolfN, which will initially include an allocation of the SPL token $GOLF for utility in the upcoming 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 ecosystem projects such as Bonk!, Kanpai Pandas, and Degen Ape Academy.
“We look forward to accelerating the growth of an innovative project that is at the forefront of the emergence of P2E in global sports participation,” said Mike Robinson, CEO of Axiom. “Globally, the average person spends nearly two hours a day interacting with sport – playing, watching, strategizing. That level of engagement could cost an advertiser $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, to enable users’ sporting obsession to offset their monthly golf budget. Incorporating 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 it right and quickly.”
Axiom made waves earlier this year when it announced it would be launching the GOLF token on the Solana network to drive the proliferation of earn-to-play mechanisms in global golf participation. In addition to providing GolfN with an allocation of GOLF tokens, Axiom has created a novel caching portal within the Solana ecosystem where both collectors and golfers can earn rewards for their Axiom-approved digital collectibles without those assets ever leaving their owners’ wallets. Golfers can simply connect their wallet to the Axiom app, view their eligible collectibles and complete sets, and cache them. Rewards will begin accruing in the next epoch.
Jared Phillips, CEO of GolfN, said: “Web3 is long overdue for a gamification experience to win on the course. It’s been six years since P2E emerged on Web3, 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 use on each shot, manages your social games, and rewards you for each round. Let’s flip the model on its head and put the value of participation on the golfer.”
About the Axiom FoundationThe Axiom Foundation is bridging the Web3 world with 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 therefore provides one of Axiom’s logical starting points. Axiom’s partner entities will leverage the Foundation’s proprietary blockchain infrastructure to develop Play-to-earn implementations and enhance the real-world golf experience.
About GolfNGolfN is reimagining golf participation for the decentralized digital age. With a focus on innovation, community, and sustainability, GolfN is dedicated to enriching the golf experience for enthusiasts of all skill levels. In addition to creating 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.
ContactsThe Axiom Foundation[email protected]Head of CommunicationsBrandon TuckerGolfN Inc.[email protected]
This article was originally published on Chainwire
