NFT-powered P2E gaming platform Kryptomon raises $10m

Kryptomon, the living NFT-powered Play-and-Earn gaming project combining Pokemon, Tamagotchi, and CryptoKitties, close a $10 million private funding round spearheaded by NFX with additional backing by PLAYSTUDIOS ($MYPS), Griffin Gaming Partners, Tal Ventures, and Vikram Pandit, former CEO of Citigroup.

The funding propels the development of Kryptomon’s living-NFT game, the first-ever in the NFT gaming industry that integrates real-world gaming with Metaverse capabilities.

The funding arrives on the heels of Kryptomon’s successful Stage 1 game launch in early 2022, powered by two record-setting Mystery Box sales on Binance NFT marketplace.

Since its inception, Kryptomon’s progressive community growth has expanded to nearly 500 thousand followers across its social feeds, generating $13 million worth of NFT transactions in under 5 months.

Kryptomon leverages its growing society of players to fill the gap in current Play-and-Earn gaming, emphasizing the all-encompassing gaming universe and rich storytelling seen in classic AAA titles.

Kryptomon reimagines blockchain-based gaming, creating an interactive Metaverse via collectible, living NFT creatures in a community-centered world.

Merging nostalgic appeal with modern gaming, Kryptomon retains the world-building qualities of Pokemon while incorporating blockchain technology seen in titles like Splinterlands.

The project’s expansive environment prioritizes gameplay experience and exploration, while players can additionally discover NFTs, $KMON tokens, and in-game additions through monthly augmented reality treasure hunts.

Additionally, Kryptomon “trainers” can sell, trade, and mint NFTs directly through its native KMarket NFT marketplace after buying their initial creature.

“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,” says Umberto Canessa, Founder and CEO of Kryptomon.

“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.”