POQ partners with Klaytn, launching the first-ever metaverse gaming token
Quarters, the first-ever cross-game token developed by Pocketful of Quarters (POQ) has officially launched on the Klaytn network today. As the first and only compliant and interoperable gaming currency on the blockchain, Quarters is available across more than 100 games and platforms — making it the first true metaverse token.
In a bid to accelerate the adoption of Quarters, POQ is charting a strategic partnership with the Klaytn Foundation. The leading blockchain gaming project will be supported by Klaytn’s $1B Eco Fund, involving grants for developers and other owners of video games.
“Players want the metaverse to be fun, safe and interoperable, but today’s video games are fragmented, with millions of incompatible virtual currencies and experiences,” said Michael Weiksner, co-founder and CEO of POQ. “Our partnership with Klaytn will help accelerate our ambitious plans to create the interoperable game token for the metaverse.”
As Klaytn’s first acceleration partner in the United States, POQ is set to build a connected metaverse that will empower players to move seamlessly between virtual worlds. Quarters is a game-agnostic, digital utility token designed solely for a more agile gameplay experience. Put simply, you can use the virtual currency while moving from one game to another. With fixed prices and volume discounts, Quarters will give you access to daily events from some of the world’s leading games (e.g. Fortnite and League of Legends). You can also buy cosmetic items without going through paywalls in multiplayer games, like Take The Throne, Fault, and Stream Arenas. Playable 3D NFT avatars and NFT game highlights are also in the works.
What’s more, POQ has launched an IDO of its Q2 token on the KlaySwap. With this coin, players, influencers, developers, and investors now have the power to help govern the new Quarters metaverse. The revenue is distributed to developers and Q2 owners securely, transparently, and automatically by smart contracts.
The possibilities of a universal metaverse token are endless, but game developers also need the reassurance of regulatory compliance before they can jump aboard. Quarters is the first-ever blockchain token to receive an SEC (US Securities and Exchange Commission) no-action letter, meaning it is safe and compliant.
“Our video game partners tell us that they want a blockchain toolkit that is compliant and makes sense to implement,” says David Shin, Head of Global Adoption at Klatyn. “With its historic SEC no-action letter and simple API, POQ is our integration partner to bring video games and the metaverse to the Klaytn blockchain.”
More than one million players and developers have already come onboard in what’s turning out to be an exciting revolution. Let’s make the future of video games better at www.poq.gg.
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.
These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem of companies built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.
About Pocketful of Quarters
Pocketful of Quarters (POQ) is taking back video games for players with its Quarters, a game and platform agnostic digital currency that enables players to seamlessly move tokens and assets between games and utilize them across hundreds of gaming titles and genres. Quarters is the first-ever token to receive an SEC no-action letter for a blockchain token, making them both safe and compliant. Additionally, with POQ’s patented Zero-click transfer technology, players can earn and spend blockchain and crypto tokens just by taking actions within games.
Backed by an all-star team of advisors like Michelle Phan (Co-Founder of Ipsy) and Chris Cross (Formerly of Blizzard Entertainment, THQ, EA, and DreamWorks Interactive), Pocketful of Quarters aims to empower players with choice and transform the way they play with a universal currency across all games.