Kingdomverse

Kingdomverse operates as a developer of a mobile gaming metaverse, established in 2022 with headquarters in Singapore. The company is creating an ecosystem of various mobile games connected by a dynamic, open-world social hub. This platform, built on the Ethereum blockchain and utilizing ImmutableX for scaling, allows mobile gamers to socialize, form guilds, build kingdoms, and battle other players. The business model generates revenue through primary sales of NFT assets and commissions on its internal marketplace. In a seed funding round on February 7, 2023, Kingdomverse raised $3.6 million from investors including Newman Capital, CHIRON, Shima Capital, and Infinity Ventures.

The core of the Kingdomverse offering is its Mobile Gaming Metaverse (KMM), a social center and a real-time strategy game where players can build their own 'Kingdoms' on flying islands, which are NFT assets. Players, referred to as Lords, can team up to form 'Empires' to battle for resources. The platform's first game is "Defend the Kingdom," a casual player-versus-player tower defense game. The ecosystem employs a dual-token structure: $KING, an ERC-20 token, serves as the native currency for purchasing assets like avatars, buildings, and weapons, and for trading on the marketplace. The second token, Shield, functions as a game utility token. Players can earn tokens through a "win-to-earn" model in tournaments and by contributing to the ecosystem.

The management team includes Chief Executive Officer Terence Chow, Chief Strategy Officer Josh Kovac, Chief Product Officer Cloud Hui, and Chief Technology Officer Garfield Ip. Josh Kovac's background includes founding a digital marketing startup and serving as Chief Strategy Officer at a gaming company, along with a law degree and finance certifications from the University of Oxford. This experience in gaming and strategy is directly relevant to his role in shaping the Kingdomverse's direction. The team is focused on making Web3 gaming more accessible and fair for a mass audience. They have emphasized creating games that are fun to play rather than solely focusing on the play-to-earn aspect, adopting a "play-to-own" model where players have true ownership of their in-game assets as NFTs.

Keywords: mobile gaming metaverse, web3 gaming, play-to-own, NFT marketplace, Ethereum blockchain, ImmutableX, player vs player, tower defense, digital ownership, game economy, KING token, virtual world, crypto gaming, decentralized gaming, guild battles, in-game assets, strategy game, social gaming hub, ERC-20, seed funding