Want to earn real gold by playing a video game? In an industry first, real gold rewards will be offered as an in-game currency. Singapore’s Digix, creator of the world’s first asset-backed digital gold token, today announced it has partnered with Vietnam-based Axie Infinity, a game built on Ethereum that enables players to collect, raise, and battle fantasy creatures.
Axie Infinity players will now receive in-game tokens that are backed and redeemable for physical, investment-grade gold. These Axie-DGX tokens can be exchanged for Digix’s native token, DGX — where 1 DGX is equivalent to 100,000 Axie-DGX.
Digital pet community
“This collaboration with Axie Infinity is not only a major milestone for Digix — but for the growth of digital gold, highlighting its benefits across a range of industries including gaming. By providing an in-game currency that is backed by gold, a time-tested, safe haven asset — we are remaining true to our vision of democratizing access to gold and further showcasing the innovative use cases for digital gold,” Digix COO and Co-Founder Shaun Djie said in a press statement.
What is Axie Infinity? It is a digital pet community that lets players battle, collect, trade, and raise Axies. Players can power up these fantasy creatures through minigames, quests, contests, and special in-game events.
Powered by Ethereum, the Axie Infinity marketplace is transparent, liquid, and secure. This enables players to have complete ownership of their Axies. They have the ability to trade and sell them in a secure manner.
Starting today 10 AM EST (10 PM Singapore time) to Aug. 2 10 AM EST (10 PM Singapore time), Axie Infinity players will have the chance to earn Axie-DGX tokens as they compete in this seasonal event. Axie-DGX tokens will be rewarded as a random in-game drop with a total prize pool of US$1,500 Axie-DGX tokens.
“This initiative elevates the play-to-earn narrative to new heights. For the first time, players can earn real gold by simply playing a game. User-focused experiments that benefit and reward users are key to furthering the adoption of blockchain technology,” Axie Infinity COO and Co-founder Aleksander Leonard Larsen said in a press statement.
Limited edition 3D collectibles
As part of this campaign, Bullionix will also craft limited edition 3D collectibles. These will be in the form of Axie-themed non-fungible tokens (NFTs) that are backed by Digix’s investment grade gold.
Each Bullionix collectible has 0.25 DGX staked on-chain that belongs to the holder of the NFT. A 0.1 DGX minting fee is settled in the same transaction. These commemorative pieces are available to mint exclusively from July 20 to Aug. 9.
Each NFT can then be interacted with in the Bullionix dapp, gifted, or even resold on NFT marketplaces. Axie Infinity users are able to access their dashboard to transfer Axie-DGX into their personal wallet with the option to mint these limited edition collectibles.
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