GolfN Tees Up Play-to-Earn Golf Following $1.3M Pre-Seed Raise

GolfN Tees Up Play-to-Earn Golf Following $1.3M Pre-Seed Raise

June 25, 2024

GameFi

5 min

GolfN, the pioneering golf app leveraging tokenization and digital collectibles, has just secured a $1.3 million Pre-Seed funding round, marking a significant milestone in the fusion of physical sports and blockchain technology. With backing from prominent blockchain investors, including key figures in the Solana ecosystem, GolfN is set to revolutionize the golfing experience by introducing a gamified Play-to-Earn (P2E) mechanism. "Despite its high cost of play, golf has hooked nearly 67 million people globally," says Jared Phillips, GolfN’s CEO and Co-Founder. The free-to-use GolfN App aims to not only enhance users' gameplay but also reward them for their engagement, making golf more accessible and rewarding than ever before.

A New Era for Golf Enthusiasts

The Power of Tokenization and Digital Collectibles

GolfN is the first golf app to harness the power of tokenization and digital collectibles, empowering its members to earn rewards for playing and engaging with the sport. This innovative approach is set to transform how golfers interact with the game, providing a unique blend of physical activity and digital rewards.

Successful Pre-Seed Funding Round

On June 25th, 2024, GolfN, Inc. announced the closure of its $1.3 million Pre-Seed funding round. The round saw participation from prominent blockchain investors, including leading personalities and projects in the Solana ecosystem such as CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial), among others. This funding will be pivotal in developing and scaling the GolfN app, community, and ecosystem.

Introducing the Play-to-Earn Mechanism

GolfN is pioneering a gamified Play-to-Earn (P2E) mechanism for a physical sport. This innovative approach will offer a premium digital caddie app that rivals current market incumbents and pairs it with Web3 rewards. "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," commented Jared Phillips.

The Genesis Collection of NFT Golf Clubs

Launch on the Solana Network

In March 2024, GolfN released its Genesis Collection of NFT Golf Clubs on the Solana network. These digital clubs, which come in various rarities, are the keys to earning scaling rewards within the GolfN ecosystem. Hosted on Tensor Launchpad, one of the leading digital collectible marketplaces, the Mint sold out in under an hour, highlighting the strong demand and interest in GolfN's innovative approach.

Scaling the GolfN Ecosystem

The funds raised 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. Players will be able to use the app as a digital caddie and social platform, equipping their digital collectible golf clubs to earn rewards during each round, track side games, and organize leagues with friends.

Monthly Membership Subscriptions

For players who did not purchase GolfN’s digital collectible golf clubs during the mint, the company will offer monthly membership subscriptions. These subscriptions will provide access to rental NFT clubs made available by collectors, ensuring that all players have the opportunity to participate and earn rewards.

About GolfN

Redefining Golf Engagement

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 enthusiasts of all levels. By 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.

Community and Ecosystem Development

GolfN is committed to building a robust community and ecosystem that supports and enhances the golfing experience. By leveraging blockchain technology and digital collectibles, GolfN aims to create a sustainable and rewarding environment for golfers worldwide.

Future Plans and Vision

GolfN's vision extends beyond just enhancing the golfing experience. The company aims to integrate more features and functionalities into its app, including advanced analytics, personalized coaching, and more interactive social elements. This will not only make golf more engaging but also more accessible to a broader audience.

Contact Information

For more information, users can visit GolfN's: - Official Website - Twitter (X) - Discord - YouTube

Contact: James Carney Operations Lead GolfN, Inc. james@golfn.com +1 708-365-9327

Disclaimer

This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold, or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

By incorporating SEO keywords such as "Play-to-Earn golf," "NFT Golf Clubs," "Solana network," "blockchain rewards," and "digital collectibles," this rewritten article aims to attract additional user traffic from search engines. The structure remains consistent with the original, ensuring that readers are engaged and encouraged to read the entire piece.

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GolfN, the pioneering golf app leveraging tokenization and digital collectibles, has just secured a $1.3 million Pre-Seed funding round, marking a significant milestone in the fusion of physical sports and blockchain technology. With backing from prominent blockchain investors, including key figures in the Solana ecosystem, GolfN is set to revolutionize the golfing experience by introducing a gamified Play-to-Earn (P2E) mechanism. "Despite its high cost of play, golf has hooked nearly 67 million people globally," says Jared Phillips, GolfN’s CEO and Co-Founder. The free-to-use GolfN App aims to not only enhance users' gameplay but also reward them for their engagement, making golf more accessible and rewarding than ever before.

A New Era for Golf Enthusiasts

The Power of Tokenization and Digital Collectibles

GolfN is the first golf app to harness the power of tokenization and digital collectibles, empowering its members to earn rewards for playing and engaging with the sport. This innovative approach is set to transform how golfers interact with the game, providing a unique blend of physical activity and digital rewards.

Successful Pre-Seed Funding Round

On June 25th, 2024, GolfN, Inc. announced the closure of its $1.3 million Pre-Seed funding round. The round saw participation from prominent blockchain investors, including leading personalities and projects in the Solana ecosystem such as CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial), among others. This funding will be pivotal in developing and scaling the GolfN app, community, and ecosystem.

Introducing the Play-to-Earn Mechanism

GolfN is pioneering a gamified Play-to-Earn (P2E) mechanism for a physical sport. This innovative approach will offer a premium digital caddie app that rivals current market incumbents and pairs it with Web3 rewards. "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," commented Jared Phillips.

The Genesis Collection of NFT Golf Clubs

Launch on the Solana Network

In March 2024, GolfN released its Genesis Collection of NFT Golf Clubs on the Solana network. These digital clubs, which come in various rarities, are the keys to earning scaling rewards within the GolfN ecosystem. Hosted on Tensor Launchpad, one of the leading digital collectible marketplaces, the Mint sold out in under an hour, highlighting the strong demand and interest in GolfN's innovative approach.

Scaling the GolfN Ecosystem

The funds raised 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. Players will be able to use the app as a digital caddie and social platform, equipping their digital collectible golf clubs to earn rewards during each round, track side games, and organize leagues with friends.

Monthly Membership Subscriptions

For players who did not purchase GolfN’s digital collectible golf clubs during the mint, the company will offer monthly membership subscriptions. These subscriptions will provide access to rental NFT clubs made available by collectors, ensuring that all players have the opportunity to participate and earn rewards.

About GolfN

Redefining Golf Engagement

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 enthusiasts of all levels. By 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.

Community and Ecosystem Development

GolfN is committed to building a robust community and ecosystem that supports and enhances the golfing experience. By leveraging blockchain technology and digital collectibles, GolfN aims to create a sustainable and rewarding environment for golfers worldwide.

Future Plans and Vision

GolfN's vision extends beyond just enhancing the golfing experience. The company aims to integrate more features and functionalities into its app, including advanced analytics, personalized coaching, and more interactive social elements. This will not only make golf more engaging but also more accessible to a broader audience.

Contact Information

For more information, users can visit GolfN's: - Official Website - Twitter (X) - Discord - YouTube

Contact: James Carney Operations Lead GolfN, Inc. james@golfn.com +1 708-365-9327

Disclaimer

This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold, or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

By incorporating SEO keywords such as "Play-to-Earn golf," "NFT Golf Clubs," "Solana network," "blockchain rewards," and "digital collectibles," this rewritten article aims to attract additional user traffic from search engines. The structure remains consistent with the original, ensuring that readers are engaged and encouraged to read the entire piece.

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