Metaverse platform HYTOPIA will launch a new token HYBUX. For every TOPIA held, 2 HYBUX will be obtained.

HY Foundation, a subsidiary of the metaverse platform HYTOPIA, announced a major update to its token economics model, launching a new token, HYBUX, to replace TOPIA. The token will have an initial supply of 10 billion and is planned to be listed on the Base Chain to improve liquidity and exchange access. The airdrop ratio will be 2:1, meaning that for every TOPIA held, two HYBUX tokens will be awarded. The airdrop eligibility period has been extended to September 1st, Beijing time. The project will also completely restructure the utility of NFTs, introducing inflation hedging mechanisms and a creator support system to further optimize the distribution of value within the ecosystem. Earlier in 2023, the metaverse platform HYTOPIA secured $3 million in funding, led by Delphi Ventures.