Grand Cayman, Cayman Islands, July 12th, 2024, Chainwire
The Axiom Foundation has announced a strategic partnership with GolfN to advance the Play-to-Earn (P2E) concept in the world of golf. This collaboration will provide GolfN with blockchain infrastructure, including an allocation of the SPL $GOLF token for its mobile app and Axiom’s proprietary caching system for NFT collectible golf clubs. This initiative is part of Axiom’s broader effort to integrate blockchain technology into real-world sports, alongside partnerships with notable Solana ecosystem projects such as Bonk!, Kanpai Pandas, and Degen Ape Academy.
“We are thrilled to support a pioneering project at the forefront of P2E’s integration into global sports,” stated Mike Robinson, Managing Director of Axiom. “Globally, the average person engages with sports for nearly two hours daily, representing a significant value in the attention economy. Axiom aims to allow players to capture some of this value, effectively offsetting their monthly golf expenses through their engagement with GolfN. Implementing an effective P2E layer into a physical sport like golf is a significant milestone, and we are confident GolfN will achieve this swiftly and accurately.”
Earlier this year, Axiom announced the release of the GOLF token on the Solana network, aiming to enhance P2E mechanisms in global golf engagement. Axiom’s novel Caching Portal within the Solana ecosystem allows collectors and golfers to earn rewards on their digital collectibles without the need to move assets from their wallets. Golfers can connect their wallets to the Axiom app, view their collectibles, and start earning rewards at the next epoch.
Jared Phillips, CEO of GolfN, commented, “Web3 is overdue for a green grass, Play-to-Earn experience. GolfN is one of the first projects to seriously integrate P2E gamification into a physical sport. With the average cost of a round of golf at $43, the sport is poised for this transformation. Imagine a Caddie App that advises your shots, manages social games, and rewards you for playing. We aim to revolutionize the value proposition of golf engagement.”
About the Axiom Foundation
The Axiom Foundation bridges the world of Web3 with real-world sports. With golf being a sport with high average playing costs, it presents an ideal starting point for Axiom’s transformative efforts. Partner entities will leverage Axiom’s blockchain infrastructure to implement Play-to-Earn models, enhancing the real-world golfing experience.
About GolfN
GolfN is redefining golf engagement for the decentralized digital era. With a focus on innovation, community, and sustainability, GolfN enhances the golfing experience for enthusiasts of all levels. Beyond minting the first digital collectibles for a real-world sport, GolfN is developing a gamified social caddie app that helps golfers play better and earn blockchain-convertible rewards.
Analysis and Market Implications
The partnership between Axiom Foundation and GolfN is a pioneering move in integrating blockchain technology with physical sports. By leveraging P2E mechanisms, this collaboration aims to revolutionize the golf industry, allowing players to earn rewards and potentially offset their golfing costs. This innovative approach not only enhances user engagement but also introduces a new economic model within the sport. Investors and market participants should monitor the development of this partnership as it could set a precedent for other sports and recreational activities, providing significant growth opportunities in the blockchain and sports sectors.
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