Kollect

Kollect

KOL
$0.0001464

Key Metrics

Price$0.0001464
Real Volume (24H)$0
Marketcap$60,715.77
Fully Diluted Valuation$1,590,502
ATH$0.739982
ATH Date12/6/2021, 1:26:51 AM
ATL$0.00150312
ATL Date12/20/2022, 3:23:29 AM
Circulating Supply435M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank3579
Chart
What is Kollect?

Kollect (KOH) is a blockchain-based gaming platform that focuses on card collection games. The platform aims to create an NFT economy through collectible gamification and play-to-earn games. Kollect seeks to enable players to earn rewards when they accumulate specific card collections.

The card collectibles market is highly lucrative, with collectors spending significant funds on various cards and intellectual properties (IP). However, the current market lacks efficiency due to time and information management issues. Moreover, the market relies heavily on manual verification of each card subjected to trade, which consumes a lot of time processing the transaction to the original card owner. Kollect aims to solve the inefficiency of the existing collectible market through NFTs and blockchain. Users can obtain digital ownership through NFT for each IP, and NFT aims to ensure rarity for every digital asset, reducing the risk of digital fraud. These NFT-enabled digital cards can also be considered a tradeable asset.

The Kollect ecosystem includes collectors, DeFi users, and gamers, and the protocol is designed to benefit each user. The network has six components, including Kollect.market, which is the primary marketplace where users can collect new currency's NFTs. Kollect.cards are obtained by purchasing NFTs of this currency from Kollect.market. Kollect.book is responsible for collecting and gamification of the asset, and users can merge Kollect.book with a crypto token incentive design to attract users to stake their NFTs. Kollect.game works as a game launcher for play-to-earn games about different IPs that Kollect.market publishes. Through Kollect.trade, users can trade, collect, and create Kollect NFTs. Kollect.DAO is responsible for the asset's governance mechanism, automating decisions and helping with cryptocurrency transactions in the blockchain.

KOL is the native token of the Kollect ecosystem, which users can use to purchase opening packs and synthesize these cards. KOL holders have governance rights for matters such as IP collaboration and collection book themes.

Kollect was founded in the third quarter of 2021 by Vincenzo Lee, Harry Lim, Ethan Chae, and Joy Choi. The platform aims to revolutionize the card collectibles market through blockchain technology and NFTs, creating an efficient and transparent system for collectors, gamers, and DeFi users. With the promise of a gamified NFT economy, Kollect seeks to provide an engaging and rewarding experience for its users.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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