AMA: When Golf Meets Web3, Unveiling How Japan's Blockchain Game GOLFIN Disrupts Traditional Sports?

On December 19, 2024, Ken Komatsu, the founder and CEO of Golfin, shared the latest developments of the project in a unique AMA, explaining how Golfin is disrupting traditional golf through Web3 technology and bringing the "Golf2Earn" concept into the lives of players worldwide. Also present were three industry experts: Vincent, partner at Tido Capital; NAOMI, head of the Element Chinese community market; and Toto, co-founder of Golfin, who together analyzed the uniqueness and future development of Golfin.

During the AMA, Ken Komatsu answered 10 questions about Golfin in detail, providing important information about the technology, mission, vision behind Golfin, and the upcoming token $GON. Below is our carefully organized content from the AMA, taking you deeper into the future of Golfin.

Question 1: Can you briefly introduce Golfin to the community?

Golfin Team's Answer:

Golfin is not just an ordinary Web3 game; it is the world's first "Golf2Earn" platform. Players earn experience points that reflect in the game after completing real golf matches, making their virtual characters stronger. These characters can participate in in-game tournaments and win rewards. The prize pool for the first tournament is as high as $100,000.

We are also an official supporter of the PGA Tour Japan events and have collaborated with the Japanese golf anime "Ooi Tomomitsu." Our goal is to build the largest golf and Web3 community globally. Through GPS technology, we hope to attract more people to participate, drive economic development, and create a project with global influence.

Question 2: What inspired you to create Golfin?

Golfin Team's Answer:

Golfin originated from our love for golf and the vision of making it more accessible, rewarding, and modern. Golf is often seen as a sport associated with health and wealth, but participation is often limited due to high costs and barriers. By integrating Web3 technology, we aim to create a "golf nation" where everyone can experience the joy of golf while earning rewards. As golf enthusiasts, we see the immense potential of combining blockchain with real-world golf, which can bring more excitement and value to players worldwide.

Question 3: What makes Golfin unique compared to other GameFi or P2E platforms?

Golfin Team's Answer:

Golfin is not an ordinary P2E game; it is the first Golf2Earn project that directly integrates real-world activities. Here are our unique features:

• Real-world integration: Collaborating with over 1,800 golf courses in Japan, accounting for about 80% of the total courses in the country.
• Reward model: To avoid common Ponzi scheme issues in P2E models, rewards are distributed in USDT and USDC rather than project tokens.
• Community size: Over 210,000 community members from around the world.
• Unique NFTs: After purchasing NFTs, players can own exclusive real-world items like golf clubs.
• Partnerships: We collaborate with top global events like the ZOZO Championship to host golf activities together.
• Anime collaboration: Partnering with the popular Japanese golf anime "Ooi Tomomitsu" to launch special IP NFTs and items.
• We are bringing the Web3 concept into the mainstream through golf and empowering the community.

Question 4: What is Golfin's mission and long-term vision?

Golfin Team's Answer:

Our mission is to create a "golf nation" where everyone can experience the health, wealth, and community connections that golf brings. By connecting Web3 with real-world golf, we are:

• Promoting global expansion and integrating more partners.
• Going beyond the golf industry, collaborating with retail stores and restaurants to attract customers through GPS technology in the app.
• Building a golf community currency that allows players to earn rewards while enjoying the sport.
• Utilizing community-driven initiatives to make golf a global sport for everyone.

Question 5: Can you tell us about the technology behind Golfin?

Golfin Team's Answer:

Golfin uses advanced technologies, including:

• A GPS-based application for tracking real golf match data and providing experience points and token rewards based on verified actions.
• A tournament-based reward system that encourages competitive play.
• NFTs that provide special in-game items for players' characters.
• Blockchain technology to ensure transparency and security for all transactions.
• The $GON token, which supports the operation of the Golfin ecosystem.
• These technologies make "Golf2Earn" a reality and help us seamlessly integrate real-world golf courses and practice ranges.

Question 6: How do you view the impact of Real World Assets (RWA) on the future of Web3 and the opportunities it brings?

Golfin Team's Answer:

Real World Assets (RWA) are one of the most exciting trends in Web3, bridging the gap between digital ecosystems and real-world value. By tokenizing physical assets or combining blockchain with real activities, RWA creates opportunities for the widespread application of blockchain technology:

• Providing practical utility beyond speculative nature.
• Attracting mainstream users who may not be familiar with cryptocurrencies but understand the value of real-world assets.
• Promoting innovation in industries such as real estate, gaming, sports, and finance.
• In Golfin, we leverage the RWA concept to connect blockchain with real golf experiences. Players enhance their virtual characters' abilities through actual matches, which can be traded or used in reward-winning competitions. We also plan to tokenize golf club memberships or usage rights as NFTs, making these tangible assets part of the RWA ecosystem.

Question 7: What achievements has Golfin made so far?

Golfin Team's Answer:

We have reached some remarkable milestones:

• NFT sales exceeding $4 million and equity financing over $1 million.
• Established partnerships with major collaborators like the ZOZO Championship and Golf Lounge.
• Over 210,000 community members passionate about golf and blockchain.
• Reward mechanisms using USDC or USDT, avoiding token sell-off pressure in the Web3 GameFi space.
• Collaborated with Japan's largest department store, Seibu, to sell Golfin merchandise.
• Partnered with the Japanese anime "Ooi Tomomitsu" to launch exclusive NFT characters and items.
• Upcoming listing on the MEXC exchange, marking further development in the Web3 ecosystem.

Question 8: What major catalysts are coming up for Golfin?

Golfin Team's Answer:

• The $GON token will be listed on the MEXC exchange on December 20, marking an important milestone for the project.
• Promoting global expansion to bring Golfin to more courses, regions, and players.
• Establishing new collaborations with more well-known golf brands and organizations to promote golf, fitness, and health concepts.

Question 9: What are the next steps for Golfin after the $GON launch?

Golfin Team's Answer:

• Global expansion: Bringing Golfin to more regions and golf courses.
• New partnerships: Announcing new collaborations with top brands and organizations soon.
• App upgrades: The GPS-based application will continue to evolve, providing players with more ways to engage and earn.

Question 10: How can the community get involved with Golfin?

Golfin Team's Answer:

• Follow us on Twitter for the latest announcements and updates.
• Join our Telegram community to connect with like-minded individuals.
• Participate in the Gleam activities during the AMA for a chance to win generous rewards.
• Look forward to our app launch and join the Golf2Earn revolution!

Through this AMA, the Golfin team detailed their Golf2Earn concept and demonstrated how they are integrating traditional golf with modern technology through Web3, breaking down the traditional barriers of the sport and creating a new, more inclusive, and rewarding golf ecosystem.

In the evaluations from Vincent and NAOMI, we can see their recognition of the Golfin project.

Vincent pointed out that Golfin not only shows great potential in innovatively combining blockchain with traditional golf, but its economic model is also very sound, ensuring the sustainability of the platform. Vincent particularly emphasized that Golfin's business model and corporate governance structure are very mature, with good cash flow performance and strong risk resistance. He believes that Golfin has a clear global expansion plan, and its collaborations with multiple industry giants make it more competitive in the market. As an investment project, Golfin is undoubtedly an opportunity worth paying attention to.

NAOMI discussed Golfin from the perspective of community and culture, stating that Golfin is not just a game; it has created an attractive social platform for golf enthusiasts and Web3 players worldwide. In her view, Golfin not only provides financial earning opportunities but also allows everyone to experience the innovations and fun brought by Web3 technology while enjoying the sport of golf. She specifically mentioned that Golfin's combination of NFT technology and GPS technology enables players to truly own items in the game, which has generated significant interest in Golfin within the Web3 community.

The future of Golfin is clearly filled with infinite possibilities. With the launch of the $GON token, the project's global expansion, and the establishment of new partnerships, Golfin will undoubtedly continue to attract the attention of numerous players and investors. Especially with its integration of real-world golf activities, players can earn rewards in the digital world while enjoying the fun and health benefits of golf in reality. For players, the Golf2Earn model offered by Golfin is not only an interesting challenge but also a pathway to personal wealth and health.

As the market continues to develop, we have reason to believe that Golfin will not only attract more traditional golf enthusiasts but may also become a model for other Web3 projects. Its deep integration of Real World Assets (RWA) with Web3, along with the transparency and security brought by blockchain technology, will serve as an important reference for development in other fields.