The Kingdom Secures $3.6 Million Through Private Funding Round
The Kingdom, the world’s first culture-led Metaverse, has secured $3.6 million in its private funding round. The round noted participation by Infinity Ventures Crypto, Alameda Research, Shima Capital, Newman Capital, Sweeper DAO, 3 Commas, Chiron Partners, SMG, and Liquid Lab Ventures.
The Kingdom will be an open-world Metaverse focusing on culture-led experiences through NFT collaborations, international brand partners, and establishing a worldwide community.
The Kingdom’s Metaverse will feature various NFT avatars socializing, playing, entertaining, and establishing an immersive cutting-edge digital playground.
Users enter The Kingdom by having their avatars spawn in the Kingdom Capital. Travel occurs through transportation across futuristic cities with different themes, brand-built shops, user housing, public structures, and various digital experiences. Moreover, The Kingdom features land parcels for users to stake, enabling the construction of new structures and zones.
The Kingdom introduces play-to-earn features for those engaging in games, quests, and creating user-generated content. In addition, players can use rewards for housing features, character upgrades and purchasing NFT items, etc.
Another core facet of The Kingdom is the focus on non-fungible tokens. Brand partners can generate NFTs to be sold or used in the open-world Metaverse for various purposes. The Kingdom’s team is in talks with various international brands, cultural representatives, and NFT projects to pursue collaborative opportunities. The first NFT partnerships are expected to be announced in Q2 2022.
The Kingdom CSO Josh Kovac commented:
“The Kingdom is going to be a first of its kind metaverse that really harnesses the power of cultural zeitgeist. Our vision is to create a social hub for all, we see users from all over contributing to the fabric of this world. Inspired by the never-ending hustle of Asian metropolises, Miraijuku is the first city to be unveiled and unlocked in The Kingdom. Users can collaborate and create with others, earn through P2E games or simply explore the city of the future. We want our users to have the freedom to decide how they want to experience The Kingdom and its endless opportunities.”
About The Kingdom
The Kingdom is an upcoming open-world metaverse focusing on culture-led experiences. Explore immersive cities, embark on missions and quests, dress up your NFT avatars and create your own world in The Kingdom.
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