The Kingdom, an upcoming open-world metaverse that focuses on culture-led experiences, has just announced the completion of a $3.6 million private funding round.
The funding round saw participation from prominent investors including Infinity Ventures Crypto, Alameda Research, Shima Capital, Newman Capital, Sweeper DAO, 3 Commas, Chiron Partners, SMG, and Liquid Lab Ventures.
Being a culture-led Metaverse, the Kingdom will operate through NFT collaborations, international brand partners, and establishing a worldwide community. Furthermore, the metaverse will feature various NFT avatars socializing, playing, entertaining, and establishing an immersive cutting-edge digital playground.
The Kingdom is deploying necessary infrastructures to spur its efficiency while offering users various friendly and intriguing functionalities. The project will feature land parcels for users to stake, a measure to enable the construction of new structures and zones.
The Kingdom metaverse also features a play-to-earn session for those engaging in games, quests, and creating user-generated content. The rewards generated from these sessions can be used for housing features, character upgrades, and purchasing NFT items, on the platform.
Josh Kovac, the CSO of the Kingdom further elaborated on the objective of the platform and its vision saying;
“The Kingdom is going to be a first of its kind metaverse that really harnesses the power of 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.”