The 21st century is all about moving forward. Today, more than ever, the competition to stay at the top of the ladder of success has skyrocketed. The gaming industry might be three decades old, but its boom has just begun. Whether in the medical field, in retail, or in any other sector, a business must be vigilant enough to adapt to the changes expected by its market. This must be done to cater to the target audience and leave a lasting, positive impression. The gaming industry is no exception.
Today, the gaming industry’s outreach is unmatchable. Society gradually understands that the hype in the gaming industry is not just due to its entertainment factor but also because it offers more, such as boost in mood, social connections, and, most importantly, monetary growth. To capitalize on the industry’s growth and revolution, many companies have generated ideas for gaming platforms, some of which have failed while others have flourished.
With time and advancing technology, people are investing their attention and ideas to connect the gaming industry with others, mainly with other multimedia platforms. Among the companies that have been successful in their goals, Kryptomon has become one of the most progressive gaming platforms globally.
Umberto Canessa, founder, and developer of Kryptomon, came up with the concept in 2021. Kryptomon is a play-and-earn Web3 game franchise, a Metaverse gaming facility described as a living NFT-powered gaming company. It is known for its in-game economy, which uses Binance Smart Chain-based cryptocurrencies. It combines unique features of Pokémon, Tamagotchi, and Crypto Kitties. Kryptomon are collectible virtual monsters that come to life as non-fungible tokens (NFTs). Their 38 different digital genetic parameters give each Kryptomon its own distinct features.
In 2021, Kryptomon launched a location-based cross-verse game, the Full Moon Treasure Hunt event. In this event, players could use their smartphone’s GPS to search and hunt for NFT eggs and real-world loot boxes that contained consumable items.
As of 2022, the company has raised $10 million in private funding. NFX took the round funding lead, along with other investors, including Griffin Gaming Partners, PLAYSTUDIOS, Tal Ventures, and Vikram Pandit, former CEO of Citigroup. The highest Kryptomon NFT egg was sold for $49,700.
Kryptomon players (trainers) have to feed and take care of their creatures, who can fall sick and venture out into the game’s world to explore and take on PvP and PvE challenges. To make things interesting, Kryptomon also provides an option where Kryptomon players can trade, sell, and mint NFTs— after purchasing their primary creature—through its native KMarket NFT marketplace.
The KMON token is Kryptomon’s native cryptocurrency. Its marketplace allows trading of Kryptomon NFTs and purchasing and staking KMON tokens to participate in NFT lotteries. Upon winning these lotteries, players are given “candies,” which can be used as in-game currency to buy objects like loot boxes, consumable items, and add-ons.
Kryptomon NFT wearables (skins and cosmetics) are the digital representations of real-life clothing that unlock digital items for monsters to wear within the Kryptoverse. The platform provides in-game advantages and bonuses to players who collect its pieces.
The company is expanding its play-and-earn mechanics and combining the real world with Metaverse gameplay. The funding round solidified the increasing outside interest in the project and provided a foundation for Kryptomon to focus on the next stage of gameplay implementations, including a combat system.
The Kryptomon universe is a vast and exciting place filled with magic and mystery around every corner. Its mission is to inspire fun and joy while enabling players to earn money by developing new and unique gaming experiences with the community, harnessing creativity and blockchain technology. Kryptomon provides gamers with one of the world’s most entertaining and distinctive crypto games.
