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Cryptocurrency News Articles

VGX Foundation Teams Up with Genopets, Adding VGX Rewards to Solana's Top Move-to-Earn Game

Apr 04, 2024 at 12:27 am

The VGX Foundation has partnered with Genopets to integrate the VGX token as a reward in Genopets' popular move-to-earn NFT mobile game on Solana. This partnership introduces VGX as a reward token in the Genopets game, creating utility and rewards for using VGX within the Genopets ecosystem. The partnership starts with competitions for Genopets players to earn VGX from a $150,000 prize pool by banking steps daily and competing on the Energy leaderboard.

VGX Foundation Teams Up with Genopets, Adding VGX Rewards to Solana's Top Move-to-Earn Game

VGX Foundation Partners with Genopets to Integrate VGX as Reward Token in Move-to-Earn Mobile Game

George Town, Cayman Islands - April 3rd, 2024

The VGX Foundation, a Cayman Islands Foundation, has established a partnership with Genopets, a leading move-to-earn NFT mobile game on Solana, to integrate VGX as a reward token within the game's ecosystem. This strategic alliance introduces VGX as an integral part of Genopets' reward structure, offering utility and incentives for players.

VGX, a multi-chain token, serves as a bridge between GameFi and gaming ecosystems, fostering interoperability and expanding utility. Genopets, launched in 2021, has garnered significant popularity with over 200,000 active players during its private beta. As a free-to-play mobile game, Genopets empowers players to summon digital pets ("Genopets") that evolve and grow in tandem with their real-world physical activity. Each player's daily step count translates into in-game energy, which can be utilized to enhance and personalize their Genopet through various evolutionary stages. The integration of VGX into the game allows players to earn VGX tokens for the energy they accumulate.

The partnership commences with a series of competitions, offering Genopets players the opportunity to earn VGX from a $150,000 prize pool. Players can participate by logging their daily steps and competing on the Energy leaderboard. This competition is open to both new and existing Genopets players.

Additionally, new players who download Genopets and use the referral code "VGX" during sign-up can claim exclusive rewards, including rare food and toys for their Genopet. Players can further expand the partnership's benefits by transferring their earned VGX to Gala Games and utilizing it to purchase a season pass for Voyager: Ascension, unlocking additional rewards in future games.

"We are delighted to announce this synergistic partnership with Genopets, a pioneer in web3 gaming on Solana," said Claire Abrehart, Director of VGX (BVI) Ltd. "This collaboration, coupled with our recent success with Gala Games, opens new doors for the VGX ecosystem. By integrating our token with both Genopets' thriving player community and the dedicated Gala Games audience, we are cultivating an innovative future for in-game rewards and experiences across the web3 gaming landscape."

"Partnering with leading foundations like the VGX Foundation and Gala Games to offer new incentives to Genopets players is a tremendous opportunity for our foundation," said Jay Chang, Co-founder of Genopets. "Genopets was designed to make an active lifestyle more enjoyable and rewarding by seamlessly connecting the physical and digital realms, and we couldn't have found better partners to grow our foundation's ecosystem."

Earlier this year, the VGX Foundation forged a partnership with Gala Games, leveraging the GalaChain SDK to integrate VGX into Gala Games as a reward token for acquiring in-game items and unlocking engagement opportunities. Upon completion of integration, gamers will be able to earn VGX-based rewards for achieving in-game milestones in specific titles.

About the VGX Foundation

The VGX Foundation spearheads the progression of decentralized gaming economies through its dynamic blockchain-based gaming token, VGX. Functioning as an in-game currency and reward mechanism, VGX empowers diverse gaming communities. The VGX Foundation actively promotes growth by facilitating grants and partnerships for game developers and platforms, expanding the token's use cases and fostering a thriving VGX ecosystem.

About Genopets

Genopets is a free-to-play, move-to-earn NFT mobile game that transforms an active lifestyle into a fun and rewarding experience. A Genopet is a digital companion whose evolution and growth are inextricably linked to your own. Your daily steps fuel your journey through the Genoverse, where you explore, battle, and evolve, earning crypto while you play.

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Other articles published on Nov 15, 2024