Kyoko Finance is a cross-chain platform created to provide non-fungible token (NFT) game asset lending services for players and guilds to lower the entry barrier on P2E games. Its highly beneficial service has helped a lot of players and guilds expand their gaming assets and increase their earnings in the process because of an accessible credit line.
And recently, Kyoko Finance has announced that it has successfully raised $3.6 million in a funding round made by some of the most notable venture capital firms, including Cherubic Ventures, Vespertin Ventures, CryptoBuddy, Kosmos Ventures, Morningstar Ventures, and Tess Ventures.
Steve Hopkins, Kyoko’s Head of Investor Relation and Business Development, expressed his enthusiasm for the company’s recent success, stating:
“[The $3.6 million raised funds] provides us with resources and connections needed to establish Kyoko as a powerhouse within our most high-impact markets.”
The fresh funds will enable Kyoko to expand its service to a wider audience, improve its services, and better compete with other NFT lending services. Kyoko Finance is also looking to expand its presence on GameFi hotspots such as India, Russia, Southeast Asia, East Asia, and other rising regions that offer massive market potential.
Kyoko’s Upcoming IDO
But even with the success of its recent funding round, it is actually just a small part of its bigger plans, as it is also preparing for its IDO, INO, and IVO ventures.
Its Initial Dex Offering (IDO) will happen on March 22, 2022, and those who will be included in its whitelist will receive IDO pricing discounts and have a chance to win IDO-related prizes.
Kyoko badge holders also have the privilege to vote on what platform the upcoming IDO should take, an element of decentralization that Kyoko wants to highlight. The “badge” is actually an NFT asset that must be minted with a Binance SmartChain supporting wallet such as MetaMask and WalletConnect.
Badge holders may vote on one of the four IDO platforms which they think would be ideal for Kyoko.
These platforms are Gate.io, Polkastarter, Copperlaunch, and Moonridge. Each holder is given one (1) vote each, and they may cast their votes by clicking on this link.
INO and IVO
Meanwhile, Its Initial Node Offering (INO) sale on Kyoko Pawns, the platform’s own NFT collection, is already underway. Kyoko Pawns is a collection of 1,000 NFTs that provide Initial Voucher Offerings (IVO) to investors.
IVO gives an opportunity for investors to buy stakes in Kyoko Pawns through fractional shares at a cheaper price. Kyoko’s INO and IVO will be launched on March 22, 2022, together with its initial dex offering (IDO).