Kawaii Islands is a novel "Play-to-Earn" ecosystem built around its core native asset, KWT. Its team shares the details of a recent private token sale.
$2.4 million raised by Kawaii Islands from top VCs
According to a press release shared with U.Today, GameFi environment Kawaii Islands completed a private funding round.
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We are pleased to announce the official KWT Tokenomics.
More information regarding IDO coming next week.
To read more on the objectives, supply and allocation, please read ?? https://t.co/FcARATXvNv pic.twitter.com/C5TG4XcihG
A total of $2,400,000 were raised from a clutch of high-profile venture funds, including DFG, JSquare, AU21, Rikkei Capital, SL2, Chainboost, Polygon,OKEx Blockdream Ventures, KardiaChain, Polkastarter and so on.
The round was led by MapleBlock Capital and Signum. Vijay Garg, CEO of Mapleblock Capital, stressed that investors were impressed by the project's vision and the expertise of its team:
Kawaii Islands has strong design elements and fun mechanics that were inherited from its predecessor game series. The AI-powered verification of on-chain game NFTs, will unlock a deeper layer of engagement compared to traditional gaming.
The alpha version of Kawaii Island will be released as soon as this month. The inaugural releases will boast basic in-gaming functionality so that GameFi enthusiasts will be able to stress test their strategies.
NFT gaming, KWT staking to be available soon
Kawaii Islands is among the first anime-themed "Play-to-Earn" metaverses that merge on-chain and off-chain activities.
In this game, players can raise magical resources and earn from various in-game economic concepts.
Also, players can interact amongst themselves; it enriches the gaming experience with an extra layer of entertainment and competitiveness.
As per the product's roadmap, upcoming milestones for Kawaii Islands will include NFT farming and staking of in-game tokenized asset KWT.