SINGAPORE, December 9, 2021 / PRNewswire / – AAG Ventures, the team behind one of the fastest growing guilds in the GameFi industry and the Play-to-Earn (P2E) space, has partnered with the world’s largest blockchain security company CYBAVO to secure its digital assets. The tech company, creator of AAG (Achip & Achair Guild), will leverage the power of CYBAVO Supported by MPC institutional portfolio and security infrastructure to provide a secure platform and ecosystem for its growing community.
Games to win (P2E) allow gamers to earn real money playing video games, and have been gaining popularity since the second half of 2021 and the advent of the metaverse. P2E ushered in a new era of blockchain games and NFT features such as unique in-game characters and items. Some P2E games now allow players to form teams (guilds) and scholarship programs that allow new players (academics) to participate through a profit sharing model. AAG is one of the largest guilds in the world, having experienced a meteoric rise from zero to 1,500 scholars in just 7 weeks in 7 countries, with thousands of scholarship applicants still waiting to join.
The goal of AAG Ventures is to democratize access to Play-to-Earn platforms so that as many users as possible have access to this economic opportunity. With this mission in mind, the company is now creating a holistic platform to integrate all stakeholders in the P2E space both vertically and horizontally, from guilds and gamers to NFT markets and lenders, to game studios. video and investors.
As part of this mission to unify and streamline the P2E experience, AAG Ventures announced the launch of its $ AAG Native Token IDO on the Copper launch platform on December 12, 2022 at 12:00 (GMT). Token holders will be able to use AAG tokens for:
- Use as universal currency for all Play-to-Earn games
- Buy NFT Ownership Fractions
- Pay for platform services
- Vote in governance decisions
To ensure the security of its tokens, AAG Ventures has chosen the blockchain security company CYBAVO.
Jack Vinijtrongjit, CEO of AAG Ventures, said the following:
“At AAG Ventures, we want to provide additional security for everyone. This includes all participants in our ecosystem, including our own core team and academics. We firmly believe that if we can remove the complexity that comes with managing cryptocurrency, we can help accelerate the adoption of Play-To-Earn, Learn-To-Earn, and the metaverse in general. “
CYBAVO is an ISO 27001 certified and assured blockchain cybersecurity company that is building the future of secure digital asset management. CYBAVO VAULT, its flagship product, provides a suite of tools that integrates the most advanced cryptography and security infrastructure with emerging blockchain layer 1 and layer 2 applications, DeFi and TVN. This offers more than an institutional wallet, but a secure digital asset mining platform to help institutions thrive in today’s blockchain ecosystem.
CYBAVO is one of the only curation solutions to date to offer NFT capabilities, with support for ERC 721 and ERC 1155 standards. Users of its portfolio can deploy NFT smart contracts and create, burn, store or send NFTs directly from the wallet interface according to the threshold approval process configured for the wallet, ensuring strict adherence to business workflows.
“We are very pleased with this partnership with AAG Ventures”, said Paul fan, CEO of CYBAVO. “Over the past year we have seen the spectacular boom in the GameFi and Play-to-Earn games industry, and we believe there is a lot of untapped potential here, both to democratize its access and provide economic aid to those in need, and further explore innovative applications of DeFi and blockchain technology. “
What’s next for CYBAVO and AAG Ventures?
In addition to providing an institutional wallet, CYBAVO will continue to work with AAG Ventures to use the CYBAVO SDK Wallet to provide secure cryptocurrency wallets to AAG academics. The wallet aims to be integrated with P2E games, so that player income can be accessed in a single app, making it easy for everyone – old and newcomers to manage their cryptocurrencies securely.