On September 5, the incubator MEETLabs announced that it will officially launch a new blockchain gaming platform, GamingFi, in Q4 2025. The platform will implement a dual-token system and a "deflation + mining" mechanism, bringing a brand new Web3 gaming experience to players worldwide.
It is reported that the dual-token system adopted by the GamingFi platform includes the MEET48 official token IDOL, which is used for ecological governance, community incentives, and platform-level rights, and the platform's universal token GFT (GamingFi Token), which promises never to be issued in excess. In addition, GamingFi has designed a transparent GFT token destruction mechanism, regularly publishing black hole addresses and synchronously transferring mining reward GFT tokens to the mining pool, ensuring system fairness and token value.
With the economic model of the GamingFi platform, players can not only earn through the platform's blockchain game P2E but can also leverage the platform's deflation mechanism for additional P2E opportunities.
As the first blockchain game to be launched on the GamingFi platform in Q4 2025 on the BNB Chain, DeFishing will be a large-scale 3D fishing game that provides players with an immersive entertainment experience. Notably, DeFishing will be the first to introduce a combination mechanism of Proof of Play (POP) and Proof of Staking (POS): players can earn POP rewards through gaming actions, airdrops, and event participation, and can also earn POS rewards by staking GFT tokens.
In the future, the GamingFi platform will also release multiple blockchain game products, including the MonopolyChain game, further expanding MEET48's layout in the Web3 entertainment industry, enhancing the value of the IDOL token, and further consolidating the community strength of MEET48.
On September 4, MEET48 officially announced the completion of the destruction of 23.47 million IDOL tokens and the repurchase of 169.92 million IDOL tokens. According to market data, as of September 5, the official MEET48 token IDOL surpassed $0.041, reaching a historical high with a 24-hour increase of 203.49%.
About MEET48
MEET48 is the world's first AIUGC and fan economy ecological community focused on the entertainment field, considered one of the largest Web3 application project teams globally. It has a technical and R&D team of 500 people, covering a regional operation network in Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve mass adoption of Web3 technology through an AIUGC content ecosystem focused on AIGC (Animation, IDOL, GAME, and Comics) and a graphical, intelligent metaverse social foundation, targeting Gen Z's trendy entertainment content.
MEET48 Official Website: https://www.meet48.xyz/
Twitter (X): https://x.com/meet_48
Telegram: https://t.me/MEET_48
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