Kollect: The First Yield-Generating and IP-Driven NFT Collection Book in GameFi Space
Overview
The market is eager to see a paradigm shift in the current NFT market, where it’s still primarily driven by hype, pure speculation, and a group of niche collectors and short-term profit-taking investors. Instead, we need a more utility-driven environment to allow NFT projects to transform into a long-term sustainable model so that they can be quickly adopted and appreciated by the masses.
There are some projects that are making an effort to help initiate that paradigm shift and turn the NFT market into a more utility-friendly place. Kollect is one of them.
Kollect is the first yield-generating and IP-driven NFT collection book in the GameFi space. Users can purchase Kollect NFTs to complete yield generating collection books and battle with friends on-chain in original play-to-earn games.
Part 1. Yield-Generating
Our vision remains unchanged in that we hope to see a paradigm shift in the current NFT market where use-cases and utility are lacking. Kollect has lived up to this vision of making a change in the NFT market with the introduction of its Collection Book System and its soon-to-be-incorporated in-house game launchpad.
The Collection Book System has a unique built-in play-to-earn feature, allowing users to strategically stake their cards in different collection books to earn rewards. This feature enables flexible gamification and earns functions for all the collecting activities.
In addition, Kollect will also release its in-house game launchpad. Games launched on Kollect can leverage the collection book system to enjoy a broader player base, while players can use the NFT cards they collected in the collection books to participate in the games. Users will also be able to grind through and play games to earn further rewards in the form of tokens, NFTs, and more!
Projects like Kollect, where users can put their NFTs into real action and have real utility, rather than purely a collectible item, are driving the new wave of growth in the NFT/GameFi market.
Part 2. Licensed IP-Driven
Due to the complicated nature of blockchain technology along with rapidly and constantly changing crypto trends, there exists a strong barrier to entry for non-crypto users. Completely new users are dropped into a world with different lingo, meanings, mindset, and much much more making this journey difficult feel daunting.
With partnerships with globally recognized IPs, we believe that we can help convert the non-crypto public into the market by making the technology approachable towards the respective IP fandoms using already familiar characters and lore.
Including our recent IP announcements, it brings our ecosystems total of involved IPs at 5: Power Rangers, Munchie Kings, Ruler of the Land, Space Adventure Cobra, and Chou Denji Taisen Victory Five.
We are delighted to announce not only do we have many more IPs in our pipeline waiting to be announced, but we are also exploring methods to onboard other NFT projects, allowing them to integrate with Kollect’s ecosystem and use features such as NFT staking in Collection Books. More on this will be detailed in the future!
Conclusion
The current NFT Market is booming with projects launched daily and world-recognized brands and celebrities stepping their feet into the market. However, the growth that we are experiencing is not sustainable due to a lack of utility and ecosystem for long-term survivability. Projects such as Kollect aims to change that. There will be hurdles and challenges for sure. Still, with over 20+ years of experience in game development, Kollect will trigger the paradigm shift by bringing true utility into NFT.
About Kollect
Kollect is the first yield-generating and IP-driven NFT collection book in the GameFi space. Users can purchase Kollect NFTs to complete yield generating collection books and battle with friends on-chain in original play-to-earn card games. $KOL is the utility token of the Kollect ecosystem, and holders can enjoy exclusive perks and drops. Kollect envisions becoming the premium hub for NFT collectibles and play-to-earn games.
