KlayCity, a P2E Klaytn-based LandFi metaverse has just raised $3.75M in seed and private funding round. Krust and Animoca Brands led the round. Other notable investors participating in the round include Naver Z, FriendsGames, A&T Capital, Kwon Do, and more.
Rebuild our world in KlayCity
The funds will help the team at KlayCity to expand globally beyond South Korea. “With this capital from our strategic investors and partners, KlayCity will continue to build the virtual world with Land NFTs to allow users to come across a whole different experience in crypto space,” said the company’s CEO, Jake Choi.
KlayCity is a LandFi metaverse replicating our planet Earth in the year 2080. Due to excessive pollution, the remaining survivors on Earth have invented machines called LAY007 to cleanse the pollution. Here, land NFTs are made by dividing the Earth into Districts based on real-life population centers.
Players can participate and earn from various in-game activities such as farming, exploring, and upgrading their Districts. Firstly, landowners can stake their land to get $LAY which represents the LAY007 robot. Upon sending the robots for scavenging (by staking $LAY), holders will get $ORB in return. Both $LAY and $ORB are useful in upgrading land NFTs and exploring new Districts.
Additionally, KlayCity has concluded its land NFT presale on 10 Feb at the price of 500 KLAY per District. At one point, District #684 (Seoul) hit the highest price of 120,000 KLAY on 11 Mar. It is a whopping 240 times more than its original price, depicting the overwhelming support for this project.
Final thoughts
Nevertheless, the Klaytn network has been gearing up its infrastructure to be the blockchain of choice for gaming and metaverse. Since this year, several Korean gaming firms are starting to build their games on Klaytn. These include Netmarble who released A3: Still Alive this March and Neowiz who will integrate Crypto Golf Impact into Klaytn soon. Looking at the wild success of MIR4, we can’t wait to see more Klaytn-based blockchain games making big hits this year.
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