Axiom Foundation Signs with GolfN to Enable Play-to-Earn Golfing
[PRESS RELEASE – Grand Cayman, Cayman Islands, July 12th, 2024]
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.
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