Kryptomon, the NFT-powered Play-and-Earn living gaming project combining Pokemon, Tamagotchi, and CryptoKitties, closes a $10M Series A round led by NFX with participation from PLAYSTUDIOS ($MYPS), Griffin Gaming Partners, Tal Ventures and Vikram Pandit, former CEO of Citigroup.
There is no game like this on the market today. Kryptomon offers players a Play-and-Earn platform while emphasizing the full game universe and rich storytelling of classic AAA titles. Additionally, Kryptomon introduced the living NFT concept to the world. By adding the features missing in the Pokemon game and giving players ownership of assets to create a functioning parallel economy and society, Kryptomon combines the immersive nature of Pokemon with the innovative blockchain technology seen in games like Axie Infinity; it reinvents blockchain-based gaming, creating an interactive metaverse via collectible living NFT creatures in a community-centric world.
As the first living NFT game integrating real-world games with Metaverse capabilities, Kryptomon merges nostalgic appeal with modern games. Players can discover NFTs, $KMON tokens, and in-game additions through monthly augmented reality scavenger hunts; Kryptomon “trainers” can sell, trade, and mint NFTs directly through its native KMarket NFT marketplace after purchasing their initial creature. As NFX General Partner Gigi Levy Weiss said, “Kryptomon has the potential to leave an impressive mark on the metaverse and Play-and-Earn gaming ecosystem.”
Since its inception, the Kryptomon community has grown to nearly 500,000 followers on its social media feeds, sold its most expensive NFT egg worth $49,700, and generated $13 million fewer NFT transactions. of 5 months. Additionally, the former CTO of Playstation has joined their advisory board. With new capital from the current funding round, Kryptomon will expand its Play-and-Earn mechanics, continue to grow the game’s platform and caliber beyond its Stage 1 (which launched last February), and will focus on the next stage of gameplay implementations. , including a combat system. They hope to continue evolving the platform into an immersive world with truly unprecedented blockchain technology.
Kryptomon was founded in 2021 by Umberto Canessa Cerchi (CEO). Bartolomeo De Vitis works as COO of the company, Chris Ciszak is the CTO, Tomer (Warschauer) Nuni is the CMO and Amit Peled is the CSO.