Digix, creator of the world’s first asset-backed digital gold token, has partnered with Ethereum-based game Axie Infinity. 

Axie Infinity players collect, raise, and battle fantasy creatures, and the new partnership will enable them to receive in-game tokens that are backed by, and redeemable for, physical, investment-grade gold. 

Real gold rewards will be offered as an in-game currency via Axie-DGX tokens, which can be exchanged for Digix’s native token, DGX, with 1 DGX being equivalent to 100,000 Axie-DGX. 

Powered by Ethereum, the Axie Infinity marketplace is transparent, liquid, and secure, giving players complete ownership for their Axies, and the ability to trade and sell them securely. 

Discussing the collaboration COO and Co-Founder of Digix, Shaun Djie, said:

“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 democratising access to gold and further showcasing the innovative use cases for digital gold.” 

While COO and Co-Founder of Axie Infinity, Aleksander Leonard Larsen, added:

“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.”

From 10AM EST on 20 July 2020 to 10AM EST on 2 August 2020, Axie Infinity players will have the chance to earn a share of $1,500 USD worth of Axie-DGX tokens rewarded as random in-game drops.

Bullionix will also be crafting limited edition 3D collectibles in the form of Axie-themed non-fungible tokens (NFTs) 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. 

The special commemorative pieces are available to mint exclusively from 20 July to 9 August. Each NFT can subsequently be interacted with in the Bullionix dapp, gifted, or resold on NFT marketplaces. 

AYO.NEWS says:

Though collectible and tradable creatures in the form of NFTs are nothing new these days, adding real gold into the mix is something unique and very interesting. As we’ve said before, we’re still in early days, but we see a whole parallel economy evolving here, where one day many people will own significant wealth in the form of digital assets other than cryptocurrencies. 

Staying with tradable digital collectibles, last week Reality Group announced it had secured an exclusive global license from JoyPixels to develop and publish blockchain-based tradable emoji icons and a companion game. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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