Coinstore Announces the Listing of Drift Labs, Whose IEO Was 250% Oversubscribed

Quick Summary:

Amid the persistent challenge of in-game token isolation within the Web3 gaming space, DRIFT Labs’ Web3 studio emerges as an innovative contender, featuring a delicate equilibrium designed to mitigate token sell pressure while maximizing benefits for all participants. As Web3 gaming continues to evolve, solutions like studio tokens may bridge the gap between isolated ecosystems, paving the way for a new era of sustainable tokenomics and immersive gaming experiences. Payout Pursuit About CoinstoreAccessibility.Security.Equity.

Drift Labs, a Web3 game studio, aims to retell the story of Web3 gaming tokens by introducing its studio token, DRIFT, which distinguishes itself from typical in-game tokens by offering utility outside the game.

As Josh Chand，CEO of Drift Labs emphasized, the studio’s primary goal for its token was to address the challenges that plagued Web3 gaming, stating: "Many Web3 games failed due to poor economic design, focusing more on Web3 integration than game quality and sustainable models.

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Article Details

Author / Journalist: Drift Labs

Category: Technology

Markets: ChinaSingapore

Topics: Drift Labs Game Studio Tokens Token Gamefi Web3 Players Gaming In-game

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-06 @ 17:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20896347

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Official Website: globenewswire.com

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News Last Updated: 1 days ago

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