Finance
GolfN Tees Up Play-to-Earn Golf Following $1.3M Pre-Seed Raise
Global Banking & Finance Review®
Company
Chicago, United States, June 25th, 2024, Chainwire
GolfN, Inc., today announced the closure of its $1.3 million Pre-Seed funding round. The round saw participation by prominent blockchain investors, including leading personalities and projects in the Solana ecosystem – CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial) – among others. First off the tee in building a gamified Play-to-earn (P2E) mechanism for a physical sport, GolfN will offer a premium digital caddie app to rival current market incumbents and pair it with Web3 rewards.
“Despite its high cost of play, golf has hooked nearly 67 million people globally,” commented Jared Phillips, GolfN’s CEO and Co-Founder, “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 released its Genesis Collection of NFT Golf Clubs on the Solana network. The Clubs, which come in various rarities, are the keys to earn scaling rewards in the GolfN ecosystem. Hosted on Tensor Launchpad, one of the leading digital collectible marketplaces, the Mint sold out in under an hour.
The raise will be allocated to the development and scaling of the GolfN app, community, and ecosystem. The GolfN mobile application, due out in open beta later this year, will bring GolfN’s Web3 gamification layer to the real-world game of golf. While using the App as a digital caddie and social platform, players will be able to equip their digital collectible golf clubs to earn rewards during each round, track side games, and organize leagues with friends. For players who did not purchase GolfN’s digital collectible golf clubs during the mint, the company will offer monthly membership subscriptions for which rental NFT clubs will be made available by collectors.
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.
For more information, users can visit GolfN’s: Official Website | Twitter (X) | Discord | YouTube
James Carney
GolfN, Inc.
james@golfn.com
+1 708-365-9327
Digital collectibles are unique digital items that can be bought, sold, or traded, often using blockchain technology to verify ownership and authenticity.
Play-to-Earn is a gaming model that allows players to earn rewards, often in the form of cryptocurrency or digital assets, by participating in games or activities.
Tokenization is the process of converting rights to an asset into a digital token on a blockchain, which can represent ownership or access to that asset.
A mobile app is a software application designed to run on mobile devices such as smartphones and tablets, providing users with specific functionalities or services.
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