League of Kingdoms launches LOKA token on January 20
- Token adds to LoK’s current set of NFTs to improve governance rights and utility to the game’s community
- Holders stake the asset in exchange for a share of the platform’s fees, decide on key game features and plans
- Game is expanding P2E, launching a PvP arena, introducing an NFT bazaar and other commerce platforms
League of Kingdoms, the first MMO blockchain game of its kind, will release its native LOKA token to users on January 20. LOKA will promote growth of the game’s strong active user community, who already number more than 400,000, Invezz learned from a press release.
Improving governance rights and utility
The LOKA token adds to LoK’s current set of NFTs to improve governance rights and utility to the game’s community. Holders of the newly released token will be able to stake the asset in exchange for a share of the platform’s fees, decide on key game features and plans, and receive exclusive access to special NFTs among other perks.
LoK community grew twenty-fold in H2 of 2021
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In the second half of last year, LoK’s daily active user community increased 20x to 80,000. At the same time, the blockchain game raised funding in the amount of $3 million from Hashed, Binance Labs, a16z, and other well-known investors as well as many angel investors from GameFi.
NFTs in the game are easy to use. They are introduced to users gradually, which helps LoK attract a diverse audience of traditional and crypto gamers.
Chan Lee, Co-Founder of League of Kingdoms, said:
This has been truly a long-time coming for us, working on LoK when nobody believed in the promise of blockchain games and play-to-earn. Now, with our friends from Axie Infinity breaking the floodgates open, we’re ready to show the wider P2E community what we’ve been working on!
CEO of Hashed Simon Kim added:
We are proud to be an early backer of League of Kingdoms and the team’s journey to build a fundamentally strong game that effectively marries the best of both web2 and web3 gaming. I do not doubt that League of Kingdoms will onboard next millions of gamers who will come for the game’s appeal and be staying for crypto.
LoK launches PvP arena, expands P2E
LoK intends to evolve into a full game metaverse and is taking several measures to this end, such as expanding P2E, launching a PvP arena, introducing an NFT bazaar and other commerce platforms, and integrating esports.