Kryptomon Leads Web3 and NFT-Driven Gaming Revolution – Flux Magazine
words of Al Woods
Today, the gaming industry is moving towards Web3 platforms to build an ecosystem based on blockchain technology for Internet users, an open ledger that is extremely secure and decentralized. Gamers all over the world have participated in the shift from Web 2.0 to Web 3.0, in recognition of the launch of games to make money.
All thanks to the decentralized nature of blockchain technology, users can now own NFTs, which are governed by smart contracts. These smart contracts enable players to trade and own digital tokens by keeping track of and verifying ownership in an open ledger. NFTs are now being successfully used by many celebrities, businesses and the gaming industry to engage with new audiences and create new revenue streams. The interest and excitement of owning NFTs has seen a significant increase since they have provided users with an investment opportunity. Due to the confluence of blockchain, tokens and AI, game companies aim to produce more Web 3 games for the public.
With the same intention, Umberto Canessa Cerchi founded The Kryptomon Company in 2021. With Kryptomon Genesis as his first released game, a play-and-earn web3 game. This gaming company is known for its in-game economy, $KMON, which uses Binance Smart Chain-based cryptocurrencies. Kryptomon has collected all-time favorite games such as Pokemon, Tamagotchi and CryptoKitties as an inspiration for its audience. Kryptomons are collectible virtual monsters that come to life as non-fungible tokens. Their 38 different digital genetic codes give each Kryptomon its own distinct function. Kryptomons consist of 38 random parameters that determine their strength in battle, learning potential, IQ, and reproductive potential. They all have a unique structure with a variable genetic code. They can learn, get sick and hungry, and protect their trainers.
The official launch of Kryptomon comes after two successful first NFT egg sales in Binance NFT – the world’s largest cryptocurrency exchange NFT marketplace. The first sale was made on November 8, 2021, which resulted in 2000 NFT eggs sold in less than 1 second. The event successfully generated $180,000 in sales, one of the fastest sales in Binance NFT history. The second egg sale was launched on February 8, 2022. It generated $237,500 in sales, and 2,500 eggs were sold. It had set another benchmark for Kryptomon.
Being involved in the NFT market, the platform also allows Kryptomon players to trade, sell and create their NFTs through their native KMarket after purchasing their primary creature. The platform has brought with it advisers and investors who are C-level managers in industry-leading companies such as Sony PlayStation, Citigroup, Simplex, PLAYSTUDIOS, PokerStars, NFX, etc.
Kryptomon became one of the first companies to partner with TikTok to test its Web3 game advertising strategy, and has also launched its mobile game on the Google Play Store for Android and a public Apple TestFlight for iOS.
The Kryptomon team continues to expand its gaming platform, and has expanded its advisory board with gaming veterans, including former PlayStation CTO Shinichi Okamoto and, more recently, Raz Friedman. Combining the first “Walk to Earn” blockchain model for users to earn NFT, $KMON tokens, in-game items and new features, Kryptomon integrates real-world gameplay and metaverse features to create a rich community experience through monthly treasure hunts. Kryptomon has also expanded its story along with the treasure hunt, releasing the first issue of the story titled Eva’s journey. These new releases reveal more about the game and characters each month.
The Kryptomon Company has partnered with six leading NFT marketplaces to enable players and traders to trade their Kryptomon Eggs easily. An example of that is the partnership Kryptomon closed with Simplex, a licensed financial institution, which allows its huge network of partners to accept the widest range of payment methods, which now enables Kryptomon users to buy their first crypto ($KMON or NFT) directly use credit/debit cards as a step to remove the bottleneck for web2 players onboard the web3 industry. Such continuous efforts to excel in the gaming industry have enabled Kryptomon to create the next step in the development of crypto-gaming by using advanced blockchain technologies, digital genetics and location-based technologies.
