TPG Telecom and the Avoco Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avoco Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games.
While commenting on the new partnership, Avoco Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avoco Guild “to enrich our scholars’ lives by allowing them to exchange the tokens for internet access.”
The collaboration with the Avoco Guild, according to CEO Richard Tan of TPG Telecom, allows TPG Telecom to take a long-term approach toward participating in the blockchain digital economy. The TPG Telecom and the Avoco Guild will also introduce a pilot project, which utilizes the Avoco DAO and involves PSP Soteria Ventures (PSV) and QCP Capital, according to the announcement.
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The new collaboration comes after Avoco Guild raised $18 million in Series A funding to help it grow its gaming services. The company will invest the cash to expand its technological know-how and transition to Avoco DAO, a decentralized autonomous organization.
The Avoco Guild is a blockchain gaming association that highlights the play-to-earn (P2E) business model. In this system, gamers profit from playing games rather than through the tritional microtransactions seen in most mobile and PC games. Players are rewarded with digital assets that have real-world value. These assets can be used to purchase in-game items or tred on secondary markets for cash.
META ARTICLE: Avoco Guild and TPG Telecom partnership lets players earn mobile data with tokens PUBLISHED: 2021-12-21 10:57:47 SOURCE: https://cointelegraph.com/news/avoco-guild-and-tpg-telecom-partnership-lets-players-earn-mobile-data-with-tokens