A New Chapter for VGX
The VGX Foundation is supporting the VGX ecosystem.
What is the VGX Foundation?
The VGX Foundation is NOT Voyager Digital.
After Voyager went bankrupt, the VGX Foundation was created with a new team to support the VGX ecosystem.
The mission of the VGX Foundation is to bring value to the VGX ecosystem through innovative Web3 gaming deployments.
What is VGX now?
VGX is a token embedded in a growing number of Web3 games.
The VGX Foundation announced a collaboration with Gala Games earlier this year to integrate VGX into select games [Link (https://twitter.com/GoGalaGames/status/1773833124662644824)].
This integration lays the foundation for VGX’s utility to enable gaming rewards. Gamers can use VGX to acquire in-game items and unlock engagement opportunities.
The VGX token is now accessible via the Gala portal [Link (https://galaswap.gala.com/swap)].
“Voyager: Ascension,” the first GVGX-focused game, launched on Gala in April [Link (https://www.youtube.com/watch?app=desktop&v=jPL0yrK1O0A)]. Ascension players can earn points redeemable for GVGX through in-game achievements, and can purchase season passes with VGX.
The Foundation has also secured deals with Genopets [Link (https://decrypt.co/224653/vgx-foundation-gala-games-and-genopets-partner-to-bring-vgx-token-rewards-to-genopets-players)] and Honeyland [Link (https://twitter.com/PlayHoneyland/status/1777390728278339671)].
Safemoon!
The VGX Foundation is supporting the is development of the SafeMoon wallet, DEX, and associated social media following the SafeMoon bankruptcy.
Tokenomics
The VGX Foundation did NOT purchase the tokens in the VGX treasury held by the Voyager estate. The Voyager estate burned all VGX treasury tokens for bankruptcy and regulatory reasons.
The VGX foundation has re-minted the tokens that were burned to recalibrate VGX’s total supply. The burn and subsequent re-mint represented approximately 30% of the total VGX supply.
The VGX Foundation is using the new treasury to make grants to Web3 game developers who are integrating VGX into their games, as well as for other strategic uses to enhance the VGX ecosystem.
Join Us on This Journey
We invite all stakeholders — gamers, developers, and investors — to join us as we explore this new frontier in blockchain gaming. Your participation and feedback are invaluable as we continue to shape VGX’s role in the digital economy.
Stay Connected for More Updates:
• Follow us on Twitter https://twitter.com/vgxfoundation (https://twitter.com/vgxfoundation)
- Visit our Website https://www.vgxfoundation.com/ (https://www.vgxfoundation.com/)
As we embrace these exciting changes, the VGX Foundation is committed to transparency, innovation, and community engagement. We look forward to growing with you and setting new benchmarks in the GameFi world together.
