Ethermon
Crypto based battle games where players capture, train, and transform their collectibles to make their permanent mark on the blockchain.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 38 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Ethermon operates within the blockchain gaming sector, providing a cross-platform experience centered on a collection of digital monsters, or "Mons," which are non-fungible tokens (NFTs). The company traces its origins to "Etheremon," launched in 2017 as one of the earliest games built on the Ethereum blockchain. In 2019, the project was acquired by a group of its top players and relaunched as Ethermon, founded by Idon Liu, Jake Tran, and Eric Bulvid. This community-driven revitalization set the stage for significant expansion.
The business model is anchored in a play-to-earn framework. Players collect, train, and battle their Mons, which are blockchain-secured assets, to earn rewards. Revenue is generated through multiple streams, including the sale of new Mons and eggs in the official store, transaction fees on its in-game marketplace, and paid access to certain game modes like the "Adventure mode." The core of the in-game economy is the EMON token, an ERC-20 cryptocurrency that functions as the universal currency across the Ethermon ecosystem. Players use EMON to purchase NFTs, unlock premium content, and upgrade their assets. They can earn EMON by winning battles, completing quests, or selling NFT assets they've created using an in-game, off-chain currency called MARKS.
The game offers several modes, including Practice, Ranked PvP battles, and an Adventure mode, catering to both casual and competitive players. A key feature is the ability for players to increase the value of their Mons through training and evolution, creating real monetary benefits through trading on marketplaces. Ethermon has expanded its initial 2D browser-based game into a 3D MMORPG within the Decentraland metaverse, establishing the 668-parcel Ethermon Battle District. This move signifies the company's focus on interoperability, allowing players to utilize their NFT assets across different platforms and blockchain universes. The game also supports the Polygon layer 2 ecosystem to offer more scalable solutions.
Keywords: NFT gaming, play-to-earn, blockchain game, Ethermon, EMON token, digital collectibles, metaverse gaming, Decentraland, crypto game, turn-based strategy, MMORPG, Idon Liu, Jake Tran, Eric Bulvid, player-owned economy, virtual monsters, digital assets, Ethereum game, Polygon, PvP battles