DEFY Labs

DEFY Labs

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The world's first location based play to earn game. Learn more

Launch date
Employees
Market cap
-
Net debt
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Enterprise valuation
$14—21m (Dealroom.co estimates Apr 2022.)
Singapore (HQ & founding location)

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DEFY is an innovative startup that has developed the world's first location-based play-to-earn game. The company operates in the rapidly growing market of blockchain gaming and the metaverse. DEFY's unique game allows players to engage in a virtual revolution against a fictional entity called Future Systems. Players earn digital currency known as FCOIN by participating in various in-game activities, such as stealing digital assets and taking control of virtual spaces.

The primary clients of DEFY are gamers and tech enthusiasts who are interested in blockchain technology and the metaverse. These clients are typically early adopters of new technologies and are looking for immersive and rewarding gaming experiences. DEFY also appeals to creators who can customize virtual spaces and avatars within the game, adding a layer of personalization and creativity.

DEFY's business model is based on the play-to-earn concept, where players can earn real-world value through their in-game activities. The company generates revenue through multiple streams, including the sale of in-game assets, transaction fees on the FCOIN currency, and possibly through partnerships and sponsorships within the gaming ecosystem. Additionally, DEFY may earn passive income through its femtocell gameplay, which involves small cellular base stations that players can deploy within the game.

In summary, DEFY is a pioneering company in the blockchain gaming industry, offering a unique and engaging play-to-earn experience. By targeting gamers and tech enthusiasts, DEFY is well-positioned to capitalize on the growing interest in the metaverse and digital currencies.

Keywords: blockchain gaming, play-to-earn, metaverse, digital currency, FCOIN, virtual spaces, avatars, immersive experience, tech enthusiasts, gaming ecosystem.