Axiom Foundation Partners with GolfN to Launch Play-to-Earn Golfing

Grand Cayman, Cayman Islands, July 12th, 2024

Axiom Foundation has announced a partnership with GolfN aimed at advancing the Play-to-Earn (P2E) concept within the realm of real-world golf. The non-profit foundation will provide essential blockchain infrastructure for GolfN, including an introductory allocation of the SPL $GOLF token, which will be utilized in the upcoming GolfN mobile application. Additionally, Axiom’s proprietary caching system will be employed for GolfN’s NFT collectible golf clubs. Axiom’s initial collaboration with GolfN is part of a broader strategy that includes partnerships with several leading ecosystem projects.

Mike Robinson, Axiom’s Managing Director, expressed enthusiasm for the collaboration, stating, “We’re excited to accelerate the growth of a groundbreaking project at the forefront of P2E’s emergence in global sports engagement. On average, individuals spend nearly two hours daily engaging with sports through playing, watching, and strategizing. This level of engagement represents significant value in the attention economy, which advertisers recognize. Axiom aims to convert some of that value into benefits for players; in GolfN’s case, allowing users’ love for the sport to help offset their golf expenses. Establishing an effective P2E mechanism in a physical sport like golf is a crucial milestone for the industry, and we believe GolfN is well-equipped to achieve this quickly and effectively.”

Earlier this year, Axiom made headlines with the announcement of the GOLF token launch on the Solana network to promote the adoption of P2E strategies in global golf engagement. In addition to providing an allocation of the GOLF token, Axiom has created a unique Caching Portal within the Solana ecosystem, allowing collectors and golfers to earn rewards on their Axiom-approved digital collectibles while keeping them in their wallets. Users simply need to connect their wallets to the Axiom application to view and cache eligible collectibles, with rewards accruing in the next epoch.

GolfN CEO Jared Phillips commented, “The Web3 space has been in need of a Play-to-Earn experience rooted in real-world sports. After six years of P2E development in Web3, GolfN stands among the first projects to implement a P2E gamification layer into a physical activity. With the average cost of a round of golf at $43, the sport is well-positioned for this transformation. Envision a Caddie App that provides strategic club recommendations, manages social games, and rewards players after each round. We’re transforming the model to ensure that the value generated by engagement returns to the golfer.”

About Axiom Foundation
The Axiom Foundation is dedicated to merging the Web3 landscape with real-world sports. Given golf’s high average cost of play, it serves as an ideal candidate for this transformation, paving the way for Axiom’s initiatives. Partner organizations will utilize the Foundation’s proprietary blockchain framework to develop P2E implementations and elevate the golfing experience.

About GolfN
GolfN is redefining golf engagement for a decentralized digital future. With a commitment to innovation, community, and sustainability, GolfN aims to enhance the golfing experience for enthusiasts of all skill levels. In addition to creating the first digital collectibles for a traditional sport, GolfN is in the process of developing a gamified social caddie app to enhance on-course play, enabling golfers to perform better while earning blockchain-based rewards.

Contacts
Axiom Foundation
Head of Communications: Brandon Tucker
GolfN Inc.
Contact: Brandon