GolfN Launches PlaytoEarn Golf After Securing 13M in PreSeed Funding
Chainwire – Chicago, United States – June 25th, 2024: GolfN, a pioneering golf app that harnesses tokenization and digital collectibles to empower members to earn rewards for participating in a physical sport, has just announced the successful closure of its $1.3 million Pre-Seed funding round.
The funding round saw the participation of prominent blockchain investors, including leading figures and projects in the Solana ecosystem such as CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial), among others. This marks the beginning of an exciting journey for GolfN in developing a gamified Play-to-earn (P2E) mechanism for a physical sport. The company aims to offer a premium digital caddie app to compete with current market leaders, pairing it with Web3 rewards.
“Golf has captivated nearly 67 million people globally, despite its high cost of play,” stated Jared Phillips, CEO and Co-Founder of GolfN. “At the moment, the more golfers play, the more they pay out. The free-to-use GolfN App will not only help users improve their game, but also enable them to earn more rewards as they play and engage, allowing them to play better golf more frequently.”
In March 2024, GolfN introduced its Genesis Collection of NFT Golf Clubs on the Solana network. These clubs, available in various rarities, serve as the keys to earning scaling rewards within the GolfN ecosystem. The Mint, hosted on Tensor Launchpad, one of the leading digital collectible marketplaces, sold out in under an hour.
The funds raised will be allocated to the development and expansion of the GolfN app, community, and ecosystem. The GolfN mobile application, set to be released in open beta later this year, will bring GolfN’s Web3 gamification layer to the real-world game of golf. Through the app, players can use a digital caddie and social platform to equip their digital collectible golf clubs, earning rewards during each round, tracking side games, and organizing 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, allowing them to access rental NFT clubs provided by collectors.
GolfN is revolutionizing golf engagement for the decentralized digital era. With a focus on innovation, community, and sustainability, GolfN aims to enhance the golfing experience for 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 improve their game and earn blockchain convertible rewards.
For more information, users can visit GolfN’s official website, Twitter, Discord, or YouTube. For media inquiries, please contact James Carney, Operations Lead at GolfN, Inc., via email at [email protected] or by phone at +1 708-365-9327.