Kollect — Why Collect Matters to Kollect
‘NFT economy built from the foundations of collectible gamification and play-to-earn games.’
Collecting, Investing, and NFTs
Collecting and investing have been human behavior since the beginning of civilizations. The idea of property and ownership evolved with philosophy and technology. There have been unprecedented advances in what we can consider as properties and the means of guaranteeing the ownership of such assets. The advances in the blockchain are innovating how we are trading, proving or sharing our ownership of the assets, and even bringing new asset classes to our lives. NFT standards have enabled a new paradigm for not just traditional assets but also digital assets. What we could consider as an asset has expanded to game items, digital collectibles, significant moments, and many more conceived by innovative thought leaders.
The PWCC 500 is a market index that represents the investment performance of professional-graded trading cards over a period of time.
For specifics on the key inputs of PWCC index creation and its limitations, please refer to this link.
The recent success of NBA Top Shot, the hype behind play-to-earn games such as Axie Infinity are all pieces of evidence of the changing world, the transition into a truly digital generation. Many factors have driven the success of these projects: famous IP (ex. NBA), the expectation of <10X returns, the easiness of transactions, and hidden DeFi mechanisms.
The Essence of Play-to-Earn
What is at the core of this momentum are the words “play” and “earn.” The Millennials and Gen Z, the generations behind this latest market trend, want both elements together. They don’t want to earn their living in some boring workplace and play only after all the work is done. Sacrifice the fun for a career? Suck up to low income for a better future? Nay. They would love to play and earn simultaneously. They want to have fun and make a lot of money. Look at all the meme names of famous De-Fi projects (Sushi, Burger, etc.). Serious finance projects can be subjects for puns for these generations.
Why Kollect?
Kollect is the platform geared towards the same audience for a shared vision. We want Kollectors to have fun and make a profit (a lot of it, actually!). Therefore, we have designed our protocol and platform to solve what has been lacking in other NFT projects.
- NFT Collectibles with Convertibility: The NFTs offered in Kollect are high-quality artworks derived from IPs with existing fandom. We will begin with Power Rangers, but more will come in the future. Our NFT cards are not just collectibles; they are characters, items, and much more in the universe that is to be built around the Kollect ecosystem.
- Play-to-earn Games that are Fun: From game experts’ point of view, existing blockchain gaming projects lack details of high-quality games. Usually built as experimental projects by people with little experience in the gaming industry, the NFT games have plenty of room to improve. Kollect brings decades of game development experience to the young market.
- Platform with Scalability: Kollect is not a platform for single IP like Axie Infinity or NBA Top Shot. Nor is it a platform for one activity (either trading, collecting, or gaming) only. We can serve all. One exceptional feature of our NFT cards is that they have been created with games in mind. Initially, all the NFT cards in the Kollect platform can be used in our card battle game. In the future, the NFT cards will be related to the games featured in our Kollect.game launcher.
Conclusion
Kollect can encompass all NFT projects in its collection book system due to the flexibility of its designs. It has the scalability to become a hub for all NFT cards and NFT games. Kollect will serve as the docking platform for all the games and DApps created around NFTs, where the NFT cards become converted into and out of the games according to the user’s preference. The NFTs can be part of play-to-earn games for active income or be staked in collection cards for passive income in the form of rewards and yields. We envision becoming the go-to platform for all NFT projects that want to be gamified. We encourage NFT projects to learn more about our protocol design from our official website. Please also subscribe to our mailing list, follow our Twitter, join our Telegram chats and stay connected to learn more!
In the future, we will dive deeper into what Kollect is about, so, please subscribe to our official Medium and follow us on Twitter.
About Kollect
Kollect is a gamified collection card platform for any branded IPs. Its Collection Book system Kollect.book has a unique built-in play-to-earn feature, allowing users to strategically stake their cards in different collection books to maximize their rewards. Kollect.book enables flexible gamification of collecting activities. The games published by Kollect through Kollect.game are where users can put their collected NFT cards into real actions. Each of the branded IPs can have their own games and in-game currency. The first game in the Kollect ecosystem will be a play-to-earn battle card game with PvP and PvE combat modes. Kollect envisions becoming the hub for NFT collectibles and play-to-earn games.
