Cryptocurrencies News Today

GameFi platform, Digital Entertainment Asset Pte. Ltd. (DEA), has partnered with Cambodian soccer club, Angkor Tiger FC. The partnership will see the club participate in DEA’s P2E gaming ecosystem. DEA has developed a “PlayMining” concept, which is a fusion of gaming and fintech. However, with the participation of Angkor Tigers, the concept also places much emphasis in community participation in GameFi and P2E. Essentially, the club is aiming to help promote a gaming concept that will help it generate revenue and also promote income generation at community level through gaming. Naohito Yoshida, CEO of DEA, stated that the company will ensure that the partnership helps uplift the socioeconomic wellbeing of communities. “The business models we are working on under “PlayMining,” such as GameFi and Play to Earn, are not only a fusion of gaming and fintech, but they also aim to solve sustainable social issues and help people around the world to achieve their goals”, he added. In this partnership, Angkor Tiger FC will be among the gaming guilds participating in DEA’s P2E ecosystem. Particularly, as per the game’s model, the club will purchase in-game NFTs and use them to generate revenue by playing. Angkor Tigers fans have not been left behind either-they can also contribute to the club’s growth by channeling their winnings to the club. Community-focused support Essentially, Angkor Tigers has developed this partnership with DEA in an effort to create a reliable an steady revenue source in its efforts to help Cambodia in the post-Covid 19 recovery. Over the recent past, there has been a steady rise in the popularity of P2E gaming built around gaming guilds in Southeast Asia. Therefore, by teaming up with DEA, Angkor Tigers is leveraging that popularity to help uplift communities out of the economic hardships brought by the pandemic. Angkor Tigers owner, Akihiro Kato, emphasized his commitment to seeing communities around the club’s hometown of Seam Reap recover from pandemic-induced economic hardships. He stated, “We met Mr. Yoshida and decided to start the Tiger Guild project because we saw the possibility of improving the livelihood of our supporters and the people of Siem Reap”. About Angkor Tigers Angkor Tigers is a popular soccer club based in Cambodia’s Siem Reap town. Since Akihiro Kato bought the club in 2017, it has grown in stature and vibrancy, winning “the club with most fans in Cambodia” awards in 2018 and 2019. Like many soccer clubs, its activities were greatly interrupted by the Covid-19 pandemic in 2020 and 2021.The club played without spectators at the height of the pandemic. However, it is now on a recovery path and is keen on uplifting the community and its supporter base. About DEA Founded in 2018, Digital Entertainment Asset (DEA) Pte Ltd, is a gaming company, specializing in the development of blockchain-based digital arts. It has carved a niche through its “PlayMining” approach to P2E , which is a hit with gaming communities. The game’s native token, DEAPCoin (DEP) powers its in-game ecosystem and economy.