The gaming industry is utilizing the Web3 platform to create an environment for Internet users based on blockchain technology, a highly secure and decentralized distributed ledger that is available to the public. As a result of the introduction of pay-to-play games, gamers from all over the world have engaged in the shift from Web 2.0 to Web 3.0.
Users can now own NFTs managed by smart contracts because to blockchain’s decentralization. These smart contracts allow gamers to trade and maintain digital tokens by proving ownership on an open ledger. Celebrities, businesses, and the gaming industry use NFTs to reach new audiences and make new revenue. NFTs have boosted users’ interest and excitement as an investment option. Gaming companies hope to produce more web 3 games with blockchain, tokenization, and AI.
Umberto Canessa Cerchi founded Kryptomon in 2021. Kryptomon Genesis is the first play-and-earn web3 game. The gaming company’s in-game currency, $KMON, employs Binance Smart Chain cryptocurrency. Cryptomon is inspired by Pokémon, Tamagotchi, and Kryptomon. Cryptomons are collectible virtual monster tokens. Each Cryptomon has a unique digital genetic code. 38 random parameters determine Cryptomons’ battle strength, learning capacity, IQ, and fertility. Each has a distinct genetic code and structure. They learn, withstand sickness and hunger, and protect trainers.
The official debut of Kryptomon follows two successful initial sales of NFT Eggs on Binance NFT, the NFT marketplace of the largest cryptocurrency exchange in the world. On November 8, 2021, the first sale was held, and 2,000 NFT eggs were sold in less than one second. The event generated $180,000 in sales, one of the quickest sales in Binance NFT history. The second selling of eggs began on February 8, 2022. It made $237,500 in revenue and sold 2,500 eggs. It established a new standard for Cryptomon.
marketplace, the platform enables Cryptomon players to trade, sell, and shape their NFTs via their native KMarket after acquiring their primary creature. The platform has recruited advisers and investors who are C-level executives from industry-leading firms, like Sony PlayStation, Citigroup, Simplex, PlayStudios, PokerStars, NFX, etc.
After being one of the first firms to partner with TikTok to test the Web3 gaming advertising approach, Cryptomon debuted its mobile game on the Google Play Store for Android and Apple TestFlight.
