Kryptomon Raises USD 10M Led by NFX to Scale Blockchain-based Gaming Universe

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Amsterdam – Tel Aviv, May 2022 — Kryptomon, the living NFT-powered Play-and-Earn gaming project combining Pokemon, Tamagotchi, and CryptoKitties, close a USD 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 USD 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”