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PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
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Produced by Daniel Aharonoff & Mogul Media AI

AOFverse: Revolutionizing Mobile Gaming with Web3 Integration

AOFverse Secures $3 Million in Private Funding Round

AOFverse, a prominent player in the mobile gaming industry, has successfully concluded a $3 million private funding round. This significant funding initiative, spearheaded by Animoca Ventures, comes hot on the heels of AOFverse's grant funding from The Arbitrum Foundation. The infusion of $3 million marks a pivotal moment for AOFverse, propelling its expansion efforts and cementing its position as a key player in the web3 mobile gaming sector. The funding round, led by Animoca Ventures, also saw contributions from Liquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon, and BSCN Gaming Ventures.

  • AOFverse's core belief extends beyond just gaming features; it emphasizes the importance of fostering deep social connections through gaming as a crucial step towards widespread adoption of Web3 technology.
  • The London-based studio is gearing up for the global launch of its PvP game, Army Of Tactics, which has already amassed over 1 million downloads since its soft launch in October 2023.
  • AOFverse is also looking forward to unveiling its flagship game, Army Of Fortune, later this year, aiming to set a new standard in the PvP gaming genre.
  • Central to the AOFverse ecosystem is a strong player base that forms a closely-knit community, with token-based incentives designed to reward players for introducing others to the ecosystem and fueling their competitive spirit within the games.
  • The primary objective of this funding round is to accelerate the execution of AOFverse's ambitious roadmap initiatives and establish itself as the premier mobile gaming ecosystem in the realm of web3.

AOFverse stands out as a mobile gaming studio with a strong emphasis on Web3 integrations and a globally beloved intellectual property. With a massive following of over 4 million on TikTok, the studio is renowned for its popular titles like Army Tactics. Animoca Ventures, the investment arm of Animoca Brands, a renowned global player in digital entertainment, blockchain, and gamification, led the funding round, underscoring the confidence in AOFverse's vision and potential for growth in the evolving landscape of mobile gaming.

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