Singapore, Feb. 23, 2022 — Mobland, the first-ever Mafia-themed metaverse previously known as Syn.City, has announced a partnership and exchange listing with Bybit. Users can soon own a Bybit headquarters building as an NFT in the Mobland Metaverse. The partnership was unveiled with the introduction of the Mobland launchpool on Bybit.
Launched on Feb. 18, Mobland’s launchpool attracted more than 30,000 participants and more than $100 million in total value locked (TVL) in the first 12 hours of the pool going live. To further establish the partnership, Bybit will be joining the metaverse where it will conduct business with the creation of its own Bybit headquarters in Mobland. The Bybit headquarters will feature multiple businesses that will be owned by the community members who will be able to earn by participating in and utilizing the services.
The Bybit business inside Mobland’s metaverse is a key differentiator in the industry, as the concept of the GameFi 2.0 metaverse is being brought to life by the two industry giants. The Mobland and Bybit partnership was confirmed shortly after Bybit signed a multi-year partnership deal with one of the leading Formula One teams, Oracle Red Bull Racing — showcasing Bybit’s drive toward expansion and increasing adoption for other demographics.
“The partnership with Mobland marks Bybit’s latest foray into the metaverse — with a virtual headquarters to boot,¨ said Igneus Terrenus, head of communications at Bybit. “Blockchain games have long suffered from the reputation of sacrificing the fun part for the ‘earn’ part. We are delighted to see Mobland’s response with its fun and engaging entry, as it seeks to make an offer Godfather fans can’t refuse.”
Bybit will be MOBLAND’s first centralized exchange listing, adding to an impressive resume of accomplishments that include a $16.5-million Copper Launch raise from a record-breaking initial game offering on the Binance exchange with more than $19 million in trading volume and an $8-million funding round led by Twitch co-founder Justin Kan and Goat Capital, with additional backing from A&T Capital, Hack VC, Animoca Brands and Spartan Group.
These accomplishments come alongside significant growth in its community, which has grown to more than 200,000 on Twitter, 130,000 on Telegram and 240,000 on Discord.
Mobland has introduced a first-of-its-kind governance system known as “mafia as a decentralized autonomous organization,” which incentivizes players by allowing them to create syndicates or join existing syndicates. Each syndicate can create its own governance model that ties into Mobland’s governance committee. Mobland was created by a team of experienced developers from leading companies such as Ubisoft, Disney, Electronic Arts, Roblox and Gameloft.
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives-trading services, mining and staking products and application programming interface support to retail and institutional clients around the world, striving to be the most reliable exchange for the emerging digital asset class. Bybit is a partner of Oracle Red Bull Racing and esports teams such as Natus Vincere, Alliance, Astralis and Virtus.pro, along with German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.
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- Devansh Khatri