Metaverse startup Affyn has announced that it raised $10.4 million in the presale round of its native FYN token. The presale was launched on December 30, 2021, and ended on January 2, 2022.
In a press release on Thursday, January 13, Singapore-based Metaverse startup Affyn announced that “with two oversubscribed rounds in both private and strategic rounds, Affyn successfully closed its presale round within 60 hours.”
According to the company, over 5,700 participants purchased FYN tokens and $10.4 million was raised in this presale round. With this round, the total raised money now counts to $18 million. The press release reads:
“The presale round features the sale of each FYN token at special prices with a 10-day lock and 6-months linear vesting period. To allow more people to be part of Affyn’s community, each participant was only allowed to purchase a maximum of 50,000 FYN.”
Affyn is a Singapore-based blockchain-powered metaverse startup that is building a Free to Play, Play-to-Earn metaverse mobile game NEXUS World that incorporates mobile geo-location functionality, AR mechanics, and blockchain technology to provide NFT functionalities.
NEXUS World will be the flagship product of Affyn which is a mobile Metaverse with a digital layer that is mapped to the real world where users can explore, play and participate in activities based on their geolocation. Buddies will be NFTs and digital representations of character in the NEXUS world.
FYN will be a native official blockchain utility token that can be used both in the real and virtual worlds. It can be used to purchase or lease property, purchase and exchange NFTs, and participate in events. The tokens will be able to be used for travel, retail, and lifestyle-related purchases in real life.
Affyn’s team is now getting ready for an Initial DEX Offering (IDO) and a token generation event on January 29th. The trailer for the NEXUS Metaverse is set to be released in February.
According to the team, the recent successful presale round indicates the public’s confidence and excitement in Affyn’s Play-to-Earn Metaverse. Lucaz Lee, founder and CEO of Affyn, commented:
“This successful presale sends a strong signal and confidence in our goals. 2022 will be unprecedented as we ignite the tech space by ushering in a new era of Metaverse. We will pioneer the first of its kind Play-to-Earn Metaverse that encapsulates the fabric of reality into a synthetic world where the notion of a real-world is represented by digital avatars, NFTs, and assets.”