One of the leading cryptocurrency exchange platforms, KuCoin, has launched its pioneer NFT platform, KuCoin IGO. The first project listed on the forum is Pikaster, whose first round of sales began on April 11.
KuCoin plans to lead the growth of the Metaverse, Blockchain gaming, and Web3 ecosystems and has identified NFT and gamification as the next steps because they play a significant role in the progress of the virtual space.
IGO to Provide Access to In-game Features
The new platform is set to provide users with exclusive access to in-game NFTs, and it will be available globally for all users to be able to trade, buy, sell, invest and withdraw NFTs without stress.
Additionally, users on the KuCoin IGO platform can manage their NFTs and create complete solutions for others to use on the exchange.
In other words, creators and game developers would be able to launch and list their collections in multiple ways, be it auctions, flat-rate sales, or mystery boxes.
According to KuCoin CEO Johnny Lyu, the Metaverse represents an alternative way of life, of doing things. And the inflows of investment from wealthy businesses and individuals have given the virtual space a reason to exist.
Lyu further added that the Metaverse would become a historical phenomenon, delivering a unique experience to users. The coming of the NFT and blockchain gaming has come with an easy pass into the Metaverse for interested participants, and this explains why KuCoin launched its NFT platform.
KuCoin has pledged to the expansion of Web3 through the IGO to develop more blockchain gaming projects and NFTs and support the entire industry’s progress.
Introducing Pikaster’s Three-Token Economic Model
As the first confirmed project to be launched on the KuCoin IGO, Pikaster is a total Truly play-to-earn GameFi project where players are incentivized to earn financial rewards through playing games. Meanwhile, the innovative product is accessible to players to give them an immersive gaming experience.
Also included in Pikaster are an in-game wallet and profit-sharing arrangement and various gameplay modes that players can choose. The integration of KuCoin’s community blockchain network facilitates the game’s running.
The investment in Pikaster was made in March through the KuCoin ventures.
It is worth noting that KuCoin has been regarded as an ambitious company that is always on the lookout for the next big thing to explore and possible changes in blockchain technology’s future.
The value of both its community and users is of utmost importance to KuCoin, hence the team’s continuous focus on making it a positive experience for all.
Pilaster, as envisioned, is to bring innovations to the industry and, at the same time, be consistent with the core values of the project, considering both the gaming and revenue-generating perspectives. The project is designed to be more than just a revenue-generating platform, which appears likely due to its features.
KuCoin, like Binance, is ready to take the crypto industry to another height. The journey is just beginning.