VGX Foundation, Gala Games, and Genopets Partner to Bring VGX Token Rewards to Genopets Players
The partnership introduces VGX as a reward token in the Genopets game, creating utility and rewards for using VGX within the Genopets ecosystem. VGX is a token that bridges multiple chains and is focused on bridging util...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The partnership introduces VGX as a reward token in the Genopets game, creating utility and rewards for using VGX within the Genopets ecosystem.
VGX is a token that bridges multiple chains and is focused on bridging utility across GameFi and gaming ecosystems.
Genopets launched in 2021 and is one of the largest games on Solana with more than 200k active players during their private beta. It’s a free-to-play mobile game where players summon digital pets (their “Genopet”), which evolve and grow as players move around and stay active in the real world. Each day players bank the steps they take in the real world to earn energy they can use to upgrade and customize their Genopet through stages of evolution. Now VGX can be awarded to players for the Energy they earn in the game.
The partnership starts with a series of competitions for Genopets players to earn VGX from a $150,000 prize pool by banking their steps daily and competing on the Energy leaderboard. The leaderboard competition is open to new and existing Genopets players.
Additionally, new players downloading Genopets can claim a special reward of rare food and toys for their Genopet by using referral code “VGX” when they sign up as a new user and bank their first steps during this campaign.
To further expand the partnership, players who earn VGX will also be able to take their VGX to Gala Games and use it to purchase a season pass for Voyager: Ascension, which will unlock further rewards in future games.
“We’re thrilled to announce a synergistic partnership with Genopets, an original leader in web3 gaming on Solana,” said Claire Abrehart, Director of VGX (BVI) Ltd. “This collaboration, alongside our recent success with Gala Games, further unlocks new possibilities for the VGX ecosystem. By integrating our token with both Genopets’s vibrant player community and the dedicated Gala Games audience, we’re fostering an innovative future for in-game rewards and experiences across the Web3 gaming landscape.”
“Partnering across foundations to bring new incentives to players in Genopets with leaders in Web3 Gaming like the VGX Foundation and Gala Games is a huge opportunity for our foundation,” said Jay Chang, Co-founder of Genopets. “Genopets was created to make living an active lifestyle more fun and rewarding by bridging physical and digital worlds and there couldn’t be better partners to grow our foundation’s ecosystem with.”
Earlier this year, the VGX Foundation also announced a partnership with Gala Games, using the GalaChain SDK to integrate VGX into Gala Games as a reward token used to acquire in-game items and unlock engagement opportunities. After integration is complete, gamers will be able to earn VGX-based rewards for in-game achievements within specific titles.
About the VGX Foundation
The VGX Foundation leads the evolution of decentralized gaming economies through its dynamic blockchain-based gaming token, VGX. Serving as an in-game currency and reward mechanism, VGX empowers diverse gaming communities. The VGX Foundation actively fosters growth by facilitating grants and partnerships for game developers and platforms, enabling the expansion of the token’s use case and nurturing a thriving VGX ecosystem.
About Genopets
Genopets is a Free-to-Play, Move-to-Earn NFT mobile game that makes it fun and rewarding to live an active lifestyle. A Genopet is a digital pet whose evolution and growth are inextricably linked to your own. The steps you take everyday power your journey through the Genoverse as you explore, battle, and evolve — earning crypto while you play.
Contact
Account Director
Jonathan Duran
Melrose PR
[email protected]
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Brave New CoinRelated market context
Starknet expands BTCFi push as Vesu pays STRK rewards to Bitcoin borrowers
Starknet's BTCFi incentives could drive increased onchain Bitcoin activity, but sustainability depends on STRK's value and reward...
Citrini Research Says Tokenized Assets and AI Agents Make Crypto a Fundamentals Trade
Citrini Research published a report on Thursday arguing that AI agents and tokenized assets have opened a new paradigm of “fundame...
XRP Price Prediction: Can Ripple Hold $1.40 or is $1.20 Next?
Today’s XRP price prediction centers on Ripple’s expansion into Wall Street financing, reigniting a familiar concern for XRP holde...
Samsung Wallet Brings USDC to 82M Galaxy Devices With Coinbase, Solana and Sui Support
Key Takeaways: Samsung Wallet will support 82 million U.S. Galaxy to add transfers on USDC. Coinbase will keep USDC in their Coinb...
LiquidAcre selects Uphold to power tokenized real estate infrastructure
The partnership could accelerate the adoption of tokenized real estate, potentially transforming property investment and ownership...
Cardano Foundation partners with University of Nicosia for blockchain course
This partnership highlights the growing trend of blockchain projects collaborating with academia, potentially shaping future indus...