KlayCity Announces Strategic Investment from Kucoin Ventures
Jan 20, 2022
KlayCity is excited to announce an investment from Kucoin Ventures, the full-service accelerator arm of global exchange Kucoin .Kucoin Ventures invests into early stage products, and assists in achieving sustainable growth and success in the decentralized world. As part of the investment, Kucoin Ventures will work closely with the KlayCity team in building and marketing the KlayCity virtual world.
KlayCity is a P2E game based in the year 2080 in a replicated earth. Built on the Klaytn Network, players utilize NFTs, $LAY tokens and $ORB tokens and participate in various activities including scavenging, exploring, and leveling.
Scheduled to launch in Q1 of 2022, KlayCity has previously announced backing from Animoca Brands, Krust, Naver Z, OKEx Blockdream Ventures, Kyros Ventures, A&T Capital and more.
The fresh capital and strategic partners will accelerate the launch of KlayCity’s P2E game, which KlayCity states will set “a new foundation for the next-generation NFT ecosystem.”
KlayCity plans to announce exciting collaborations with renown webtoon authors, short films, and e-novels based on the KlayCity universe over the next few months. Regarding the partnership, KlayCity CEO Jake Choi commented, “Adding the Kucoin brand to our list of backers is a big deal for us. Kucoin has built up a reputation of supporting the best projects within the industry, and we are honored to be working together with Kucoin as we build out our virtual P2E world.”
About KlayCity
KlayCity is a P2E virtual world where district NFT owners can govern, explore and earn while enjoying the gaming experience. Invested in by Krust , Animoca Brands, Kucoin Ventures, OKEx Blockdream Ventures, and more, The premise is simple, Reinhabitate earth, gather resources, rebuild populations, and expand your territory.
Media Contact
Company Name: KlayCity
Contact Person: Brian Park
Email: Send Email
Country: South Korea
Website: https://klaycity.com/
The post KlayCity Announces Strategic Investment from Kucoin Ventures appeared first on Ed Cal Media Agency.
More News
Microsoft pulls out of UK's largest AI data centre
Tech firm Nscale says it is still committed to building the site in Essex.
Ulanqab steps up building green computing hub
Ulanqab steps up building green computing hub
Oklahoma Families Faced the Hottest Summer Ever and an Electricity Crisis
Record heat and a rising demand for electricity are closing in on Oklahoma families trying to keep the lights on and the AC running.
Global AI governance initiative charts a fairer way to share AI value
Today, AI value is concentrated in a few closed-source giants, and platform companies collect high rents by controlling ecosystem gateways. The Chinese approach instead supports a thriving open source ecosystem.
Gleaning group gives £1m of produce to food banks
Gleaning Cornwall warns that more funding is needed as costs rise sharply.
What is the Budget and what could be in it?
Chancellor John Healey will set out his plans for UK taxes on 28 October.
PBOC: Need reforms, not exchange rates, to address global imbalances
Discussions over the renminbi's exchange rate has intensified as global economic imbalances widen. An International Monetary Fund policy paper published in April said imbalances had widened again after more than a decade of decline. Against this backdrop, the People's Bank of China, China's central bank, issued a detailed statement on October 8 setting out its position on the RMB exchange rate.
China's property recovery gains traction as new policies take effect
China has rolled out a raft of new property policies over the past two months covering the home-sales system, mortgage interest subsidies, and housing provident fund rules, aiming to reduce the sector's high leverage and unlock housing demand.
3 Charts That Explain the Economy as Voters Head to the Polls
Inflation is high, consumer spending is strong and seemingly everything depends on what happens with artificial intelligence.
United’s C.E.O. Says It Should Cost More Not to Sit in the Middle Seat
Scott Kirby of United Airlines said that “it’s expensive to fly airplanes” and that airfares may have further to rise.
Turning the tides: Could hidden sea power energise our coastal towns?
Engineer David Mummery has developed a tidal energy generator that he says can change lives for people living in coastal communities.
'I took a chance on the whisky industry and I haven't looked back'
Zoey Darnbrough had no idea there was a distillery near her home - now she has a top tourism role there.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.