The Kingdom, a Metaverse for Culture Experiences, Raises $3.6M Funding Round

The Kingdom is an open-world metaverse focusing on culture-led experiences through nonfungible token (NFT) collaborations, international brand partners and establishing a worldwide community. The Kingdom’s metaverse will feature various NFT avatars socializing, playing, enjoying entertainment and establishing an immersive cutting-edge digital playground.

Users will enter The Kingdom by spawning their avatars in the Kingdom Capital, with transportation in futuristic cities with different themes, brand-built shops, user housing, public structures and various digital experiences. Moreover, The Kingdom features land parcels for users to stake, allowing the construction of new structures and zones.

The Kingdom introduces play-to-earn (P2E) features for gamers, quests and the creation of user-generated content. In addition, players can use rewards for housing features, character upgrades, purchasing NFT items and more.

Another core facet of The Kingdom is its focus on NFTs. Brand partners can generate NFTs to be sold or used in the open-world metaverse for various purposes. The Kingdom’s team is in talks with various international brands, cultural representatives and NFT projects to pursue collaborative opportunities. The first NFT partnerships are expected to be announced in the second quarter of 2022.

Josh Kovac, chief security officer of The Kingdom, said, “The Kingdom is going to be a first-of-its-kind metaverse that really harnesses the power of the cultural zeitgeist. Our vision is to create a social hub for all; we see users from all over contributing to the fabric of this world. Inspired by the never-ending hustle of Asian metropolises, Miraijuku is the first city to be unveiled and unlocked in The Kingdom. Users can collaborate and create with others, earn through P2E games or simply explore the city of the future. We want our users to have the freedom to decide how they want to experience The Kingdom and its endless opportunities.”

The vision for The Kingdom has attracted the attention of various investors and venture capitals in the space. A new private funding round raised $3.6 million in working capital for the team. The round noted participation by Infinity Ventures Crypto, Alameda Research, Shima Capital, Newman Capital, SweeperDAO, 3Commas, Chiron Partners, SMG and Liquid Lab Ventures.

The Kingdom is an upcoming open-world metaverse focusing on culture-led experiences. Users can explore immersive cities, embark on missions and quests, dress NFT avatars and create their own worlds in The Kingdom.

As an interoperable world, The Kingdom will be able to host different projects in the ecosystem, giving players the ability to interact with the metaverse using their existing NFT assets. Combining elements of NFTs, GameFi and tokenomics, players will have complete freedom to choose how they experience The Kingdom. Whether it’s content creation, embarking on user-generated quests or even simply exploring the immersive worlds, players have complete freedom.

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