NFX Leads M Funding for Kryptomon, the First ‘Living NFT’ Game
Kryptomon, the living NFT-powered play-and-earn gaming project combining Pokemon, Tamagotchi and CryptoKitties, announced it secured $10M round A funding led by NFX with additional backing from PlayStudios ($MYPS), Fininvest, and Vikram Pandit, former CEO of Citigroup.
The funding round follows the company’s successful Stage 1 game launch, introducing living NFTs and integrating real-world gaming with Metaverse capabilities.
With this funding Kryptomon will further develop its game by enhancing its earning mechanics, aligning real-world and Metaverse gameplay implementations, and introducing a combat system.
Kryptomon introduced to the world the living NFT concept. Adding the features missing in the Pokemon game and giving players asset ownership to create a working parallel economy and society, Kryptomon combines the immersiveness of Pokemon together with innovative blockchain technology seen in games like Axie Infinity.
Kryptomon has hit some interesting milestones leading up to this funding, in less than eight months since its inception:
- Grew its community to 500K followers
- Sold its most expensive NFT egg for a worth of $49,700
- Kryptomon has passed $13M worth of Kryptomon’s NFT transactions in less than 5 months
- Playstation’s ex CTO joined the advisory board
Gigi Levy Weiss, General Partner at NFX, said:
“Kryptomon has the potential to make an impressive mark on the Metaverse and the Play-and-Earn gaming ecosystem. NFX is proud to contribute to a project that prioritizes building communities and is on the forefront of re-inventing integration of real-world gameplay and digital assets.”
Umberto Canessa, Founder and CEO of Kryptomon, commented:
“We are incredibly proud of this funding round which vastly exceeded our original funding goal of $8 million after the first stage of the game launch. This support from NFX and our additional investors is a springboard to continue scaling our project to be an immersive world with truly unprecedented blockchain technology, helping us make the gaming universe and community we have dreamed of creating since childhood.”
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Source: igaming
