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HomeNews8Hours Foundation Raises over $3.0 Million in Token Sale

8Hours Foundation Raises over $3.0 Million in Token Sale

8Hours Foundation had recently completed the New Token Issuance, raising over three million dollars ($3,000,000) in funding. The Foundation’s private sale investors include the VeChain Foundation, Fenbushi Capital, CREAM, Blockcrafters, and other high net-worth individuals who are the key influencers in the gaming and technology industries.  

During the NTI process, EHrTs (Eight Hours Tokens) were issued to both private and community token holders. EHrTs will become a powerful tool within the 8Hours ecosystem. EHrT can be used as a payment to buy digital games, physical toys, and services within our ecosystem. EHrT can be used as a utility token that can be spent, staked, and burned in exchange for minting Authentic Asset Certificates (AACs), creating in-game currencies (IGCs), as well as establishing Colored Tokens by their creators.

AACs are Non-Fungible Tokens that can give toys digital identities so that they can have their own digital stats, level, and moves. IGCs are more flexible than traditional currencies because they are backed by Blockchain technology, which makes them reliably tracked and securely operated in different game settings. Lastly, coloured tokens can only be created and spent by their creators; these tokens are used to measure in-game achievements, wealth, authenticity, progress, and history.

Linking the physical and digital world allows for endless possibilities for collectibles and their compounding interaction with games. You will be able to understand these concepts further as our platform matures.

To stay transparent with their community, they plan to update their development progress and how the raised funds are being applied and they will continue to use the resources to build out the platform that can seamlessly integrate with the PlayTable gaming console. Thanks to the community’s support, the Foundation is now empowered to hire more senior engineers and product developers to push out the products at a faster rate. 

At 8Hours Foundation say they envision a world where technology is used to create stronger social bonds by bringing people together through play and believe that with just 8 hours a week of purposeful social bonding time, the overall health and happiness of the society will be improved drastically. And most of all, strong social bonds will decrease an individual’s stress level; hence, creating a stronger society, and a better world for all.

You can now reserve your PlayTable at a special price: https://go.playtable.com/reserve.

Founded by John Dempsey, an Eagle Scout whose DNA resides in meaningful social interaction, 8Hours Foundation is dedicated to providing the world with a groundbreaking gaming platform and innovative games that can interact with physical assets to help people fall in love with social bonding again. Together with the PlayTable, we seek to create technology that will help create everlasting memories and forge social bonds that will last a lifetime.

For more information about 8Hours Foundation, please join our Telegram, t.me/The8HoursFoundation, or visit our official website www.8hoursfoundation.org

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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