Smart asset technology platform Digix has announced a partnership with Ethereum-based game Axie Infinity.
Incorporated in Singapore in 2014, Digix is the creator of DGX token, a gold-guaranteed cryptocurrency. The company uses blockchain to account for the authentication and provenance of 99.99% investment-grade gold bullions. Physical gold bars are registered on the blockchain, and every 1 gram of physical gold registered is pegged to 1 DGX token.
Axie Infinity is a Pokemon-inspired digital pet universe where players can battle, raise, and collect fantasy creatures called Axies. Axie highlights the benefits of blockchain technology through play to earn gameplay and a player-owned economy.
The partnership will reportedly enable Axie Infinity players to receive in-game tokens that are backed and redeemable for physical, investment-grade gold. Real gold rewards will be offered via Axie-DGX tokens which can be exchanged for DGX – where 1 DGX is equivalent to 100,000 Axie-DGX.
“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,” said Shaun Djie, COO and Co-Founder of Digix. “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 democratising access to gold and further showcasing the innovative use cases for digital gold.”
Starting from July 20 10 AM EST to August 2 10 AM EST, 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 $1500 Axie-DGX tokens. As part of this campaign, Bullionix will also craft limited edition 3D collectibles in the form of Axie-themed non-fungible tokens (NFT), which will available to mint exclusively from July 20 until August9. 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.
“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,” said Aleksander Leonard Larsen, COO and Co-Founder of Axie Infinity. “User-focused experiments that benefit and reward users are key to furthering the adoption of blockchain technology.”
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