Incubator MEETLabs today launched the large-scale 3D fishing blockchain game "DeFishing". As the first blockchain game on the GamingFi platform, it implements a dual-token P2E system with the IDOL token and the platform token GFT.

Original source: MEETLabs

On December 4, incubator MEETLabs announced the official launch of the large-scale 3D fishing blockchain game DeFishing.

As the first blockchain game on MEETLabs' GamingFi platform, DeFishing is initially launched on BNB Chain and will introduce a combined mechanism of Proof of Play (POP) and Proof of Staking (POS): players can not only earn POP token rewards through in-game mining, completing game tasks, and participating in event rankings, but also receive POS rewards through token staking.

With the official launch of DeFishing, four major official events are being launched simultaneously, including a digital asset gift pack (using airdrop vouchers to redeem trial funds of the in-game token GSC - GoldShark Coin), a registration gift pack (trial funds up to 100K GSC), invitation rewards (both parties receive in-game token rewards), and a first purchase gift pack in the store (limited edition items can be claimed).

It is reported that the GamingFi blockchain game platform will implement a dual-token system and a "deflation + mining" mechanism, including the official MEET48 token IDOL for ecosystem governance, community incentives, and staking, as well as the platform's universal game token GFT (GamingFi Token), which is promised never to be issued additionally. In addition, GamingFi has designed a transparent GFT token burning mechanism, regularly announcing the black hole address and synchronously transferring mining reward GFT tokens to the mining pool to ensure system fairness and token value.

Currently, the universal game token GFT of the GamingFi platform has already been listed on DEX. With the economic model of the GamingFi platform, players can not only P2E (Play to Earn) through blockchain games on the platform, but also P2E again through the platform's deflationary mechanism.

In the future, the GamingFi platform will also launch multiple blockchain game products, including the MonopolyChain blockchain game. As an important incubation project of MEETLabs, this further expands MEET48's layout in the Web3 entertainment industry, enhances the value of the IDOL token, and further consolidates the strength of the MEET48 community.

About MEETLabs

MEETLabs is an innovative laboratory focused on blockchain technology and the cryptocurrency sector, and also serves as the incubator for MEET48. MEET48 is the world's first AIUGC and fan economy ecosystem community focused on the entertainment sector. It is considered one of the largest Web3 application project teams globally, with a technical and R&D team of 500 people, covering an operational network in Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve mass adoption of Web3 technology through an AIUGC content ecosystem and a graphical, intelligent metaverse social foundation focused on AIGC (Animation, IDOL, GAME, and Comics) and Gen Z trendy entertainment content.