The VGX Foundation announces new chairman and Honeyland partnership

It’s been a busy month so far for the VGX team, with a new leader at the helm and a new partnership to boot.

VGX introduces chairman Matteo Perruccio

Recently, the VGX Foundation announced that it has appointed Matteo Dante as its Chairman.

The VGX Foundation has been set up to support the VGX token, a digital asset used in conjunction with new Web 3.0 games and has already been integrated into multiple games, most famously Gala Games.

Through the use of VGX coins, games and gamers can earn and access and us in-game rewards across various Web 3.0 games, regardless of the platform. This has been enabled by open source blockchain technology, as well as by more games being built on new Web 3.0.

For his part, Perruccio is an experienced business executive whose career of over 35 years spans across financial services and digital assets. Previously CEO of Pioneer Investment Management SgR based in Europe, he sat on the board of Jupiter Asset Management in the UK and set up one of the first hedge fund pension partnerships with British Telecom.

Since 2016, he has been an active investor and advisor in the digital ecosystem. 

A new chapter for VGX

With Perruccio now on board, VGX told Invezz that they are hoping “Matteo’s business leadership will allow him to guide the VGX Foundation towards adoption of tokenization and digital assets within the gaming industry.”

Founded in 2017, VGX coins are among the older altcoins with a history that are still available in 2024.

Both VGX coins and the VGX foundation are perhaps best known for their previous association with Voyager Digital, a cryptocurrency brokerage business which closed after filing for bankruptcy in July 2022.

The VGX Foundation now operates completely separately to Voyager Digital, having stated publicly that it did not acquire any VGX tokens at the bankruptcy, then liquidation, of Voyager Digital.

“A new age of online gaming”

Commenting on his new appointment, Perruccio said that:

The power of blockchain technology and digital assets are unquestionably transforming multiple industries. Online gaming is going to be hugely enhanced by these innovations whereby gamers will be more engaged with the games they love, owning assets that they can transfer and trade not just within games, but across games. I very much look forward to working with the VGX Foundation and its growing ecosystem to help them take the lead in fostering a new age for online gaming.”

New Honeyland venture for VGX

At the same time, the VGX Foundation also announced a new partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

Honeyland is a popular blockchain-based casual strategy game available on iOS and Android, and one of the top games on Solana.

“Thanks to this partnership with the VGX Foundation, we’re able to offer exciting new rewards to our players,” said Corey Wright, CEO at Honeyland, on the venture.

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