Abey Foundation

Name

Abey Foundation

Legal name

Abey Foundation

Website

https://abey.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Layer 1 Blockchain Infrastructure

NAICS

Grantmaking and Giving Services (81321)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Governance Frameworks & DAO Tooling (modules, templates, standards) (FSAPAHAC)

akta.pro secondary industries

Grants, Funding & Budget Allocation Platforms (FSAPAHAE), Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB)

Keywords

• Layer 1 blockchain
• Decentralized infrastructure
• DeFi ecosystem
• GameFi applications
• Metaverse platform

Headquarters

HQ city

Grand Cayman

HQ country

Cayman Islands

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Others, Infrastructure

Revenue model

1. ABEY Token: The native ABEY token serves as the utility token for the network. Token allocation: 50% presale/community/ecosystem, 20% staking and validator rewards, 12.5% foundation/treasury, 12.5% team/advisors, 5% VCs/early contributors. The token follows a declining inflation model with soft supply cap of approximately 1.426 billion ABEY.
2. Transaction Fees (Gas): Users pay gas fees for transactions and smart contract execution on the Abey network. The gas market includes futures contracts for price stability.
3. Staking Rewards Distribution: Validators and delegators earn staking rewards. Validators must stake minimum 20,000 ABEY and charge fee rates to delegators. Rewards are distributed from the 20% staking allocation.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Abey Foundation operates the Abey blockchain, an EVM-compatible Layer 1 network launched in 2018 and run with Delegated Proof-of-Stake consensus. The foundation builds and supports an ecosystem of decentralized applications (XSwap DEX, XRacer, Fantase NFT marketplace, InterWorld metaverse, and other GameFi apps) connected by a proprietary "Inter-App" concept that enables cross-application data and rewards sharing. It also provides developer infrastructure (Abey Wallet, Abey Explorer, EVM-compatible RPC APIs, Scan API) and operates a grants program to fund ecosystem projects.

Product overview

Abey Foundation operates a blockchain ecosystem centered on the Abey L1 blockchain, an EVM-compatible Layer 1 with Delegated Proof-of-Stake consensus launched in 2018. The core offerings include the Abey blockchain (processing up to 3,000 TPS, scalable to 100,000 TPS with sharding), the Inter-App concept for cross-application data sharing, and the ABEY native token. The ecosystem extends through a DeFi stack (XSwap DEX), gaming applications (XRacer, Game Bowy, Voxel Wars, Wizards & Wonders), the InterWorld 3D metaverse, NFT marketplace (Fantase), and infrastructure tools (Abey Explorer, Abey Wallet, GemPad launchpad, QShield encryption, Tenzro AI development). Developer support includes comprehensive documentation, grants program, and EVM-compatible RPC/Scan APIs. The Abey App provides user-facing wallet connection, profile, and quest functionality.

Differentiator

Problem solved

Functional benefit

Brands

• Abey Wallet: Mobile wallet application allowing users to access Abey ecosystem apps on iOS and Android, supporting Abey, EVM chains, and TRX.
• Abey Foundation Grants Program

Products and services

• Abey Blockchain EVM-compatible Layer 1 blockchain built for DeFi, GameFi, and Metaverse projects. Uses Delegated Proof-of-Stake consensus, processes up to 3,000 TPS with parallel execution, and scales to 100,000 TPS via sharding. No downtime since launch in 2018.
• ABEY Token Native utility token of the Abey blockchain with a soft supply cap of approximately 1.426 billion ABEY. Follows a declining inflation model with mining and staking rewards halved every four years. Used for gas fees, staking, and validator rewards.
• Abey Wallet Mobile wallet application available on iOS and Android that allows users to access Abey ecosystem apps. Supports Abey, EVM chains, and TRX. Features BIP32 hierarchical deterministic wallet functionality.
• Abey Explorer (AbeyScan) Block explorer that provides transparency for all on-chain transactions, analytics, and smart contract code on the Abey blockchain.
• Abey App User application platform featuring Connect Wallet functionality, Profile management, and Quests for gamified engagement within the Abey ecosystem.
• XSwap First and largest decentralized exchange (DEX) on Abey. Allows users to swap, stake, and earn seamlessly with a non-custodial wallet integration.
• XRacer Blockchain racing game combining NFT, DeFi and gaming experiences, featuring 2D and 3D luxury racecars, tracks, and competitions with opportunity to earn.
• InterWorld Mobile-friendly 3D metaverse built for ecommerce, NFT integrations, and player-driven economies. Features AI-powered virtual office spaces, virtual shopping, e-Sports, entertainment, education, and wellness platforms.
• Fantase NFT marketplace built for all NFTs on the Abey blockchain.
• GemPad Launchpad platform allowing projects built on Abey to fundraise publicly through token sales.
• Game Bowy Web3 match-3 odyssey game across ten cosmic chapters. Players swap, cascade, and collect rare NFT tiles forged on Abey.
• Wizards & Wonders First NFT-powered trading card game (TCG) built on Abey.
• Voxel Wars Fully on-chain adventure war game where every battle, loot drop, and conquest is a real transaction on Abey.
• PaperPlane Digital membership platform across 120+ participating bars and restaurants in Asia. Users earn cashback when depositing and spending ABEY.
• QShield Offers advanced encryption layers for dApps built on Abey, keeping sensitive on-chain data private and secure.
• Tenzro Allows developers to create AI products on Abey with distributed computing power and little to no code. Part of Abey Foundation's partnership to boost decentralized AI innovation.
• Abey Grants Program Funding program by the Abey Foundation to support developers and entrepreneurs building on the Abey blockchain. Provides grants plus support for fundraising, marketing, and overall growth.

Quantifiable outcome

• No downtime since launch in 2018
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• TenzrocoreTechnology or Integration · 31 January 2025Abey Foundation partnered with Tenzro to boost decentralized AI innovation. Developers building on Tenzro's infrastructure can now access Abey ecosystem support. This partnership advances the foundation's AI integration strategy, combining decentralized computing with blockchain technology.
• DAIAA (Decentralized AI Agent Alliance)coreStrategic or Co-development PartnerAbey Foundation is a member of DAIAA, accelerating AI and Web3 innovations. The alliance focuses on developing standards and infrastructure for decentralized AI agents.
• Metaverse Standards ForumcoreStrategic or Co-development PartnerAbey Foundation is a principal member of the Metaverse Standards Forum, supporting collaboration on metaverse standards development and interoperability.
• CoinGeckominorChannel Partner/ Reseller/ DistributorCoinGecko, one of the largest crypto data aggregators, has verified Abey and started tracking its market data. This provides price discovery and market visibility for ABEY token.
• CoinMarketCapminorChannel Partner/ Reseller/ DistributorCoinMarketCap has verified Abey and started tracking its market data, providing additional price discovery and market visibility for the ABEY token.
• XP NetworkcoreTechnology or IntegrationXP Network's multi-chain NFT bridge allows NFTs to bridge in and out of Abey, enhancing cross-chain capabilities for the Fantase NFT platform and broader ecosystem.
• Gnosis SafecoreTechnology or IntegrationGnosis Safe smart contract multi-sig wallet deployment provides enterprise-grade security for Abey users. The integration includes proxy contract deployment for enhanced wallet functionality.
• PaperPlaneminorChannel Partner/ Reseller/ DistributorPaperPlane offers digital membership across 120+ participating bars and restaurants in Asia. Users earn cashback when depositing and spending ABEY.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cosmos / Interchain Foundation: Cosmos and the Interchain Foundation drive an interoperable L1 ecosystem (IBC protocol) with a foundation governance model and grants program. Comparable to Abey in foundation-led governance, interoperability focus, and ecosystem coordination via shared standards.
• NEAR Foundation: NEAR Foundation operates NEAR Protocol, a sharded Layer 1 with EVM compatibility and a foundation-driven grants program. Comparable to Abey in foundation structure, sharding-based scaling roadmap, and emphasis on developer-friendly onboarding.
• Celo Foundation: Celo Foundation runs an EVM-compatible mobile-first L1 with a grants program focused on real-world use cases (payments, remittances). Comparable to Abey in foundation governance, EVM tooling, mobile wallet distribution, and ecosystem grant strategy.
• Klaytn Foundation (Ground X): Klaytn Foundation operates an EVM-compatible L1 with a service chain architecture, foundation grants, and metaverse/gaming focus. Comparable to Abey in foundation structure, EVM compatibility, and emphasis on GameFi and metaverse applications.
• Fantom Foundation: Fantom Foundation operates Fantom, an EVM-compatible Layer 1 blockchain with its own consensus (Lachesis) and a grants program for ecosystem development. Like Abey, Fantom targets DeFi and Web3 developers with low fees and high throughput, and operates a foundation structure funding ecosystem projects.

Broad incumbents

• Hedera (HBAR Foundation): Hedera operates an enterprise-grade distributed ledger with a governing council and foundation structure supporting ecosystem grants. Comparable to Abey in foundation-led governance, enterprise positioning, and standards-body participation.
• Polygon Labs: Polygon operates an EVM-compatible scaling ecosystem (PoS, zkEVM) with broad DeFi and enterprise adoption. Comparable to Abey as an EVM-compatible platform targeting developers seeking low-cost, high-throughput execution and cross-chain interoperability.
• Avalanche Foundation: Avalanche Foundation operates a high-throughput EVM-compatible L1 (C-Chain) plus subnet architecture with an active grants program. Comparable to Abey as a foundation-funded L1 ecosystem targeting DeFi and gaming with EVM tooling.
• Solana Foundation: Solana Foundation is a much larger, well-funded L1 foundation with a thriving DeFi, GameFi, and NFT ecosystem, similar high-throughput positioning, and global exchange presence. It serves as the dominant comparable for any high-TPS L1 foundation targeting similar developer segments.
• Cardano Foundation: Cardano Foundation is a well-established L1 foundation with formal governance, treasury management, and a grants program. Comparable to Abey as a foundation-run L1 ecosystem with structured funding allocation and emphasis on academic rigor in protocol design.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/abeyfoundation
• GitHubgithub.com/abeyfoundation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abey Foundation