Axiom Foundation Signs with GolfN to Enable Play-to-Earn Golfing

(Press Release – Grand Cayman, Cayman Islands, July 12, 2024)

Axiom Foundation Today she announced that she will be collaborating with Golf Inn To accelerate the real-world game of golf to earn money. The nonprofit has committed to providing GolfN’s blockchain infrastructure, which will initially include the allocation of the SPL $GOLF utility token in GolfN’s upcoming mobile app and the use of Axiom’s caching system for GolfN’s collectible NFT golf clubs. In addition to the partnership with GolfN, Axiom’s first round of partnerships includes several leading Solana ecosystem projects such as Punk!, Kanbei PandaAnd Degen Eb Academy.

“We look forward to accelerating the growth of a pioneering project at the forefront of the emergence of P2E in global sports participation,” said Mike Robinson, Managing Director of Acxiom. “Globally, the average person spends nearly two hours per day participating in sports – playing, watching, and planning. This level of engagement can cost anywhere from $200 to $600 per month in the attention economy. Acxiom’s goal is to connect players to some of that value; in the case of GolfN, enabling users’ obsession with the sport to offset their monthly golf budget. Having a functional P2E layer around a physical sport like golf and its surrounding ecosystem is a major achievement for the entire industry. Acxiom is confident that GolfN can do it right, and fast.”

Axiom made waves earlier this year when it Announced that it will issue the GOLF token On the Solana network, Axiom is starting to roll out gamification mechanisms to monetize the global golf game. In addition to providing GolfN with GOLF token allocation, Axiom has built a new caching gateway within the Solana ecosystem where collectors and golfers alike can earn rewards on their Axiom-certified digital holdings without those assets ever leaving their holders’ wallets. Golfers can simply connect their wallets to the Axiom app, view their holdings and eligible full sets, and cache them. Rewards will start accruing in the next epoch.

“Web3 is long overdue for the play-to-earn experience,” said GolfN CEO Jared Phillips. “It’s been six years since P2E emerged in Web3, yet GolfN is one of the first projects to seriously build a layer of P2E gamification into a physical sport. At an average cost of $43 per round, golf is ready for this transformation. Imagine a Caddie app that tells you which club to hit on every swing, manages your social games, and rewards you for every round. We’ll flip the model and allow the value of engagement to accrue to the golfer.”

About Axiom Foundation

Axiom Foundation Axiom is bridging the Web3 world with real sports. As one of the world’s highest average cost-to-play sports, golf is ripe for this kind of transformation and thus provides a logical entry point for Axiom. Axiom’s partner entities will leverage the company’s blockchain infrastructure to build gamification applications to monetize and enhance the real-world golf experience.

About GolfN

Golf Inn GolfN is reimagining golf engagement for a decentralized digital age. With a focus on innovation, community, and sustainability, GolfN is committed to enriching the golf 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 social golf app for on-course play, which golfers can use to play better and earn rewards that can be converted to blockchain technology.