KuCoin, a leading global cryptocurrency exchange, announces the launch of its NFT launch platform – KuCoin IGO on April 8th. Additionaly, KuCoin IGO will also launch its Inaugural gaming project Pikaster.
KuCoin will announce the participation details for the NFT sale on April 8th, and the first-round sale will start at 12:00 UTC, April 11th.
Launched in September 2017, KuCoin currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 10 million users globally. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts.
KuCoin intends to fuel growth in the blockchain gaming, metaverse, and Web3 environment. Gamification and NFTs will play key roles in the virtual worlds of the future. The company is now venturing into IGOs – Initial Gaming Offerings – through the KuCoin IGO, NFT launch platform.
According to the announcement, the new launch platform will provide exclusive access to in-game NFTs to KuCoin users globally. As a result, users can benefit from a seamless centralized experience for users to purchase, invest in, and withdraw their NFT assets. In addition, KuCoin IGO users can manage their NFTs on the exchange, creating an all-in-one solution for novice and experienced non-fungible token enthusiasts.
KuCoin IGO enables game developers and creators to launch their creations in multiple ways. Options include flat-rate sales, auctions, and mystery boxes.
KuCoin CEO Johnny Lyu comments:
“The metaverse is one of the most exciting topics of today, and a brand-new way of life in the near future. When both giants such as Meta, Amazon, and Tencent and wealthy investors such as Elon Musk are heavily investing money, talent, and technology into the metaverse, one must believe that this is going to be a historical trend that delivers a truly unique experience.”
Game developers are highly bullish on the potential of Game-Fi, Governance, and Play-To-Earn features. According to a new research with video game developers, ‘GameFi’, and ‘Play-to-earn’ are the most prioritized features of blockchain technology.
KuCoin also believes that GameFi and NFT will be the major driving force behind metaverse adoption. According to Johnny Lyu:
“GameFi and NFT will be the most typical entrances to the metaverse, which is a big reason why KuCoin launched the IGO platform. We hope to empower the development of web3.0 through KuCoin’s IGO, to dig more good GameFi projects and NFTs, and help the entire industry’s development.”
Pikaster is the first confirmed project on the KuCoin IGO. The card-battle game features NFTs to enable a Truly-play and Truly-earn GameFi project. Players can access innovative product features to achieve a prominent gaming experience and tap into appealing financial incentives.
Pikaster CMO Luffy, said:
“Pikaster is confident to bring new changes to the industry, both from a gaming perspective and from a revenue-generating perspective. That’s why we call ourselves ‘Truly-Play & Truly-Earn.”
Pikaster leverages a three-token economy model, profit-sharing system, and an in-game wallet and will feature multiple gameplay modes. The game is developed by Metaland and leverages the KCC (KuCoin Community Chain) blockchain. KuCoin has made a strategic investment in Pikaster through its KuCoin Ventures arm in March 2022.
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