Kryptomon, an NFT game based on cryptocurrencies, is setting out to revolutionize the genre of monster collecting games. The similarities to genre greats like Pokemon or Digimon are amazing, the game principle is at least similar - there is only one thing that completely differentiates Kryptomon from commercial full-price titles related to monster breeding: It is a mix of video game and modern investment.
The idea of NFT games is not new: At least since Cryptokitties, non-fungible tokens obtained through play can be collected and sold and thus turned into money. The non-fungible token is one of the modern forms in the blockchain segment and is closely associated with the term "smart contract". This allows quasi-one-time entries to be made on the blockchain. The advantage: An NFT is like a kind of certificate of authenticity, as is known for gold coins or paintings - just digital.
The non-fungible token is not new, it has just been rediscovered. NFT has been around since 2017, but by 2020 its market capitalization had increased roughly eightfold. This is also thanks to the increased interest in the topic. In addition, the new success of NFT is also linked to the boom in cryptocurrencies. Bitcoin and Ethereum had reached new record levels, ETH in particular is closely linked to non-fungible tokens because, among other things, the ERC-721 protocol and the ERC-1155 standard are supported. The first non-fungible tokens were created on the Ethereum blockchain, but there are now other options.
Among other things, it is Elon Musk again, who has to be mentioned in the same breath as Non-Fungible Tokens - at least indirectly. In fact, it was his wife, the singer Grimes, who made NFT a popular topic as well as some popular million dollar sales. Last fall, for example, an American art collector spent almost seven million dollars on a ten-second video. It featured a gigantic Donald Trump in a not particularly presidential situation. Digital art, objects in computer games or music serve as objects for NFT. Horrendous sums of money do not always flow, digital art and culture are also available at a lower price. One thing is certain: more and more people are buying videos, pictures or even tweets - or NFT as proxy certificates. The trick behind it is simple and corresponds to those certifications that are also known in the real world. Non-fungible tokens are therefore associated with digital groupage and are therefore in demand accordingly. That is also the reason why originals can be auctioned at unbelievable prices. It is due to the uniqueness combined with the verifiability of authenticity. One can therefore understand NFT as a form of investment, just as art is in reality.
This system is also used by the new crypto game "Kryptomon", whose name is obviously based on the genre leader Pokemon. Behind the project is a team of ambitious developers headed by Umberto Canessa Cerchi as CEO and founder of Kryptomon.
Kryptomon: hatching eggs, caring for monsters
The idea of Kryptomon is basically simple: As a player, you acquire an egg - for example, you win it in various community campaigns or buy it on special NFT marketplaces - and then hatch it to get to a crypto monster. The creatures consist of different genes that ultimately form a unique monster: with individual skills and an individual appearance.
Kryptomon CEO Umberto Canessa Cerchi is the mastermind behind the project. He is not only familiar with his game creations, but also with the ideal template - Pokemon. We wanted to know what his favorite pocket monster is. "Oh damn, that's a tough question to be honest with you," Umberto says. "When choosing a starter Pokemon, my choice would always be Bulbasaur in the first generation and then Chikorita in the second - I tend to always start with a Grass-type." And: "Always as a Pokemon on my team? Ampharos, definitely.”
In the meantime, Kryptomon is already making the rounds in the scene. Around 100.000 fans registered for the crypto game in the nine-day launch phase. Some: curious, others have focused on an investment. The boundaries are fluid at Kryptomon. There are playful elements, but in the end nothing works without money. In the best case, you earn money with breeding monsters or trading the crypto currency KMON.
So is cryptocurrency more of a game or more of an investment? As CEO Umberto Canessa Cerchi explains, “Kryptomon is absolutely not a get-rich-quick scheme, but a game where community members can grow in an environment of nostalgia, excitement, and shared interest. I have a feeling players looking for a 'quick buck' will be disappointed and wouldn't allow themselves to enjoy the full experience behind the game."
Kryptomon is based on a "play-to-earn" model, explains Cerchi, "which is a feature of most GameFi projects. All cryptomon (including eggs at the beginning) are linked to an NFT. It is precisely at this point that a possible investment case becomes noticeable. Cerchi comments: "Some Kryptomon Eggs can be considered valuable". Recently, the highest amount paid for an egg on the secondary market was 26 BNB. That is currently a little more than 12 euros. Also for 00 BNB (over 35 euros) something went away. "So it's essentially an investment," Cerchi clarifies. The most valuable and at the same time rarest eggs in Kryptomon are so-called Gen 16.000 eggs. The contrast is formed by cheap specimens that have already been sold and bought for 0 BNB.
So with Kryptomon, those players who trade briskly, maybe even invest money to buy eggs, keep them and sell them at a higher price, benefit. This is supported by the typical monster collection system based around unique creatures: Each Kryptomon creature is “completely unique”, explains the Kryptomon CEO. "So when trained and developed well, each creature's value can vary based on its abilities and characteristics. Trainers can of course also earn during the combat phase, although like any NFT project, it's more of a long-term investment and an opportunity to be part of a unique and exciting community!
Nineties nostalgia as a source of ideas
One question came up: How do you come up with the idea of developing a pocket monster game like Kryptomon? CEO Umberto Canessa Cerchi's response isn't as surprising as one might think given the underlying blockchain technology. It's about nostalgia - and about two brands from childhood: "Put simply, we wanted to bring our favorites from the 90s and give a twist to the modern by also combining the trend of NFTs with it. I remember getting into the world of Pokemon around the same time I first got a Tamagotchi. The story and creativity in Pokémon and the desire to keep my own little monster alive just fueled me.”
The will and the idea were there, the rest was taken care of by Cerchi's personal nerd level: As a true geek, he was enthusiastic about cryptocurrencies and NFT and also had to combine his childhood favorites with them in order to create a "great experience and a community behind it". . "GameFi is such an exciting thing and it's an area that's going to grow massively!" predicts Cerchi.
"If a trainer doesn't take care of their cryptomon, it won't die, it'll lie dormant."
Umberto Canessa Cerchi, CEO, cryptomony
Speaking of Tamagotchi: Who doesn't remember losing a lovingly bred pixel monster because of neglect? This can also happen with cryptomon. However, because it is about monetary collectibles, the developers have defused the "death" somewhat. Umberto Canessa Cerchi explains that careful consideration was given to this fact: "If a trainer does not take care of his cryptomon, it does not die, but rests. Trainers can either use KMON, the cryptocurrency attached to the Kryptomon world, to revive their monster (with money going into the pool for trainers to win from during the battle phase), or keep taking care of it but then deal with a loss of skills and abilities with the cryptomone.” So players and investors do have a choice should the worst of all cases occur.
Kryptomon: From the second phase onwards there is fighting
As befits a video game – or a type of video game – cryptomon is constantly being tweaked and developed. "The plans for the fourth quarter of 2021 are probably the most exciting part of our roadmap so far," says Cerchi. "In the next few weeks we will be launching Kryptomons Phase 1, during which time the Kryptomon eggs will hatch and trainers will meet their creatures for the first time." That has since happened. "Trainers will be able to connect to their digital pets, care for them as they would, and start training and breeding them," said the Kryptomon CEO. The time for trading will then also come more strongly, because fans will “also be able to sell their trained cryptomone”.
The exit from the "Tamagotchi" phase and the entry into the "Pokemon" phase is probably more interesting in terms of play: "Phase 2 is the combat phase, which will start at the end of 2021 or beginning of 2022," explains Cerchi. "Trainers will be able to pit their cryptomons against each other to climb ranks and be named the best trainer in the world." And to be able to earn the cryptocurrency KMON in this way.
And according to Umberto Canessa Cerchi, anyone who is now thinking about joining Kryptomon should first heed the basic rule of crypto trading: “Inform, inform, inform,” says the CEO. "Do your own research" is the motto in the crypto cosmos. "I assume that if you're interested in cryptocurrency, you spend a lot of time online, so you have a wealth of information at your fingertips," Cerchi said. Cryptocurrencies are not as new as the masses believe - but "they have changed a lot since I entered this world in 2011".
There are many comprehensive sources from which one can draw information, says the CEO and advises: "And I would also recommend looking for some influencers and different media to get a balanced picture of the market." Who then more about crypto according to Cerchi, I can look around in the GameFi world - after all, there are projects on almost every topic that could interest you when playing and as a player. Information about cryptomone is available online at: kryptomon.co.
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Last updated on 27.01.2023/XNUMX/XNUMX / Affiliate Links / Images from the Amazon Product Advertising API. * = Affiliate links. Images from Amazon PA API