GolfN, Inc. is revolutionizing the golf industry by integrating tokenization and digital collectibles, enabling members to earn rewards while playing golf. The company recently announced the successful closure of a $1.3 million Pre-Seed funding round. This round saw significant participation from notable blockchain investors, particularly from the Solana ecosystem, including CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial).
As the first to introduce a gamified Play-to-Earn (P2E) model for a physical sport, GolfN aims to offer a superior digital caddie app that rivals existing market leaders, enhanced with Web3 rewards. Jared Phillips, CEO and Co-Founder of GolfN, commented, “Despite its high cost of play, golf has hooked nearly 67 million people globally. Currently, the more golfers play, the more they pay out. The free-to-use GolfN App will not only help users play better, but the more they play and engage, the more they will earn to play more and better golf.”
In March 2024, GolfN launched its Genesis Collection of NFT Golf Clubs on the Solana network. These clubs, available in various rarities, are essential for earning scalable rewards within the GolfN ecosystem. Hosted on Tensor Launchpad, a leading digital collectible marketplace, the collection sold out in under an hour.
The funds raised will be allocated to the development and scaling of the GolfN app, community, and ecosystem. The GolfN mobile application, expected to enter open beta later this year, will introduce a Web3 gamification layer to the real-world game of golf. Players can use the app as a digital caddie and social platform, equipping their digital collectible golf clubs to earn rewards during each round, track side games, and organize leagues with friends. For those who did not purchase the digital collectible golf clubs during the mint, GolfN will offer monthly membership subscriptions with rental NFT clubs available from collectors.
About GolfN
GolfN is redefining golf engagement for the decentralized digital era, focusing on innovation, community, and sustainability. By minting the first digital collectibles for a real-world sport like golf and developing a gamified social caddie app, GolfN aims to enhance the golfing experience for enthusiasts of all levels, allowing them to play better and earn blockchain convertible rewards.
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