NFT-Powered Gaming Platform Kryptomon Raises $10 Million

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Kryptomon has completed a Series A investment round, which was led by NFX and resulted in the firm raising a total of $10 million. The current value of the company is $50 million. In addition to that, it received extra backing from PLAYSTUDIOS, Griffin Gaming Partners, Tal Ventures, and Vikram Pandit, who had previously served as CEO of Citigroup.

The play-to-earn (P2E) platform is a non-fungible token (NFT) game that was established in April 2021 by Umberto Canessa. It is a hybrid of the gameplay of traditional video games like Pokémon and Tamagotchi with the ownership features of prominent non-fungible token projects such as CryptoKitties.

How It Works

Collectible NFT animals with unique, variable genetic qualities are brought to life in the play-and-earn game by drawing influence from classic games. While exploring the vast mythology of Kryptomon’s Metaverse ecology, users may breed, grow, and fight other players’ unique monsters in multiplayer battles.

Monthly augmented reality “Treasure Hunt” events are also a part of this experience. Players may earn NFT eggs, KMON tokens, and other in-game objects by exploring the world around them with the innovative move-to-earn feature.

Big Boost

The listing is about to make things even better. Users of Kryptomon may now get immediate access to a variety of useful features in the game’s other realm. Bybit is a one-stop crypto destination for the expanding Kryptomon community, making it simple to buy KMON tokens, which power all aspects of the Kryptomon play-and-earn experience.

In addition to the treasure hunts and in-game possibilities to earn KMON, the token listing provides a head-start for gamers who want to expand their Kryptomon roster.

“Our game and Metaverse are nothing without our community, and having our token listed on a renowned platform allows us to develop an even greater and more rewarding experience for the next generation of players while expanding our international community.”

Umberto Canessa Cerchi, Co-Founder and CEO of Kryptomon.

Cryptocurrency trading and exchanging is made simple with Bybit’s revolutionary, highly sophisticated, and user-friendly platform. Bybit’s best-in-class infrastructure ensures the safest, quickest, fairest, and most transparent trading experience in the market.

A company founded on customer-centric ideals, Bybit is dedicated to helping cryptocurrency enthusiasts realize their aspirations and gain their liberation. This makes it a great partner for Kryptomon’s ambitious expansion plans.

Josh Andrews

Author: Josh Andrews

As an avid follower of the crypto world from the beginning since early 2010, Josh has experienced and covered every drop, turn and rise of Bitcoin from the first halving to the countless attempts of regulation. Over the years Josh has developed a keen interest in the different applications and uses of Bitcoin and its current movement within the gambling industry. It’s safe to say very few can match Josh’s passion for the growth and development of Bitcoin. View all posts by Josh Andrews

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