Kyoko Integrates DAOs, Preps for Blockchain Lending Service Launch
2022.04.20 16:21
Kyoko Integrates DAOs, Preps for Blockchain Lending Service Launch
- Kyoko partners with nine DAOs and P2E games.
- This marks Kyoko’s launch of innovative DAO-to-DAO lending services.
- Also, the partnership is meant for the launch of the P2P NFT lending platform.
GameFi NFT lending market Kyoko has declared strategic partnerships with nine new Decentralized Autonomous Organizations (DAO) and Play-to-Earn (P2E) games. These include DoubleDice, Cowboy Snake, Doragon Land, Virtue Alliance, Salad Ventures, Babylons, and BabyMoon Gaming House.
In detail, Kyoko’s new partnership depicts its approach for the launch of its innovative DAO-to-DAO lending services and P2P NFT lending platform on April 25, 2022.
Besides the partnership program and following a $3.6 million strategic fundraising round in March, the Kyoko team recently concluded a $300,000 public sale. This sale was
done through an Initial DEX Offering (IDO), Initial Voucher Offering (IVO), and Initial Exchange Offering (IEO). At present, the project calculates a total valuation of over $47.4 million.
Kyoko Head of Investor Relations and Business Development Steve Hopkins remarked:
We’re growing our list of partners and have finished up record fundraising as we approach our DAO-to-DAO lending services and NFT lending platform release. With the upcoming launch of our keystone cross-chain asset lending platform that aims to lower the barriers of entry in the play-to-earn (“P2E”) ecosystem for players, guilds, investors, and games, the stars are aligning for the Kyoko team and community.
Moreover, Kyoko has further plans for Initial NFT Launch or INO. The project has released its Kuoko Pawn series, which is a collection of 1,000 unique NFTs offering unique benefits to their holders. Each Pawn has a rate of $20,000 and is redeemable for its full face value one year after mint. Upon redemption, a pool of 2 million KYOKO tokens, as of the current market price, will be divided evenly between all Pawn holders.
Furthermore, Pawn holders will get exclusive investment opportunities in emerging DAOs that qualify for Kyoko’s DAO-to-DAO lending services. Kyoko will reveal additional details of the Kyoko Pawn NFT collection in the upcoming days.
Kyoko is a DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players. The DAO-to-DAO lending feature of Kyoko offers liquidity to promote web3 development. Meanwhile, its P2P NFT lending, guild-to-guild lending, and cross-chain asset lending platforms aim to solve the issues related to the GameFi market.
Continue reading on CoinQuora
