This Metaverse Startup Raised $10.4M in Just 60 Hours in Presale Round
The next evolution of the Internet, referred to as the Metaverse, is on its way and startups are getting a strong response from the community. Singapore-based metaverse startup Affyn has announced that it raised $10.4 million in just 60 hours in the presale round of FYN token.
In a press release on Thursday, January 13th, metaverse startup Affyn said that the presale for its FYN token launched on December 30, 2021, was a huge success as it raised $10.4 million in just the first 60 hours of the presale. The FYN presale ended on January 2nd, 2022.
According to the announcement, “the presale round features the sale of each FYN token at special prices with a 10-day lock and 6-months linear vesting period.” Over 57,000 participants purchased FYN tokens and $10.4 million was raised. Each participant was restricted to purchasing 50,000 FYN tokens.
Before the presale round, Affyn’s private round was oversubscribed within a week of its website unveiling, resulting in the opening of a new strategic round that once again became oversubscribed. In these three rounds, Affyn has raised $18 million in total.
What is Affyn?
According to the Affyn team, the presale success is due to excitement about its upcoming mobile metaverse game NEXUS. Affyn is a Singapore-based company building a blockchain-powered Metaverse project with a Free to Play, Play-to-Earn mobile game that will combine geolocations, AR mechanics, FYN tokens, and NFTs.
What is NEXUS World?
According to Affyn’s website, NEXUS World is a mobile metaverse digital layer that is mapped to the real world where users can explore, play and participate in activities based on their geolocation.
The metaverse will feature in-game characters called Buddies and Nexus Land, a digital representation of real estate in the virtual world that is mapped according to the real world, as NFTs. Users can build structures on their land in NEXUS. These structures are digital representations of property in the virtual world. These structures will also be NFTs that can be purchased from the marketplace.
FYN will be the native utility token of NEXUS metaverse that can be use used in both the virtual and real worlds. Users can use FYN to purchase or lease property, purchase and exchange NFTs, and participate in events.
The Affyn team is getting to launch an initial DEX Offering (IDO) and a token generation event scheduled on January 29th, 2022. The trailer of NEXUS Metaverse is set to be released in February. The public launch is also expected in the early months of 2022.
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.”
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