Project Spotlight — Kyoko
Greeting MoonEdge Community!
It has been our goal from the onset to seek out projects that have the ingredients to be bonafide game-changers and present them to our valued community members. These are projects that address and solve major pain points in DeFi, rise above the status quo, and show potential to become true market disruptors.
With that said, we are thrilled to present to you Kyoko, the next generation GameFi NFT lending platform that is compatible with multiple blockchains and designed to help players and gaming guilds alike.
As NFT Gaming Grows, So Do the Costs
As more gamers discover and transition to the play-to-earn market, a common concern among many are the rising costs to enter into the space. For example, in the early days of Axie Infinity, new players wishing to access the game were required to obtain three NFT characters called Axies to form their initial dueling team. During this period, Axis were virtually free for players to acquire, but this did not last long. From December 2021 and onwards, the price of Axies rose considerably from anywhere between 0.035 to a staggering 300 ETH, making the barriers to entry for newcomers all the more pricey.
To offset this pain point in the NFT gaming industry, players have flocked to gaming guilds. These communities provide players with a reliable source of information and resource sharing that help lower costs, in exchange for a percentage of future profits earned from P2E gameplay. However, this only solves one part of a bigger problem, as many NFT games such as Axie and Splinterland operate on independent blockchains (Ronin and Hive, respectively). As such, while players can accumulate an abundance of rewards in one game, should they choose to migrate to another, they’ll do so starting at the bottom of the pecking order.
The Kyoko Solution
Kyoko addresses the problems stated above with a revolutionary cross-chain GameFi NFT lending platform. Its suite of DeFi products include:
P2P Lending Platform — enables players to lend any type of NFT in exchange for ERC20 tokens. Borrowers can access the Kyoko platform to acquire their NFT of choice from lenders that list assets according to current market prices. When a borrower and lender reach an agreement, the transaction is executed via a smart contract and the exchange is made.
Guild-to-Guild Lending — While guilds have been nothing short of a blessing for new and veteran players, these organizations do have costs that in some cases can require an exorbitant amount of capital to maintain. Kyoko will provide liquidity for gaming guilds through the advent of credit loans. These loans can then be used to purchase the NFTs or ERC20 tokens needed, regardless of the blockchain they are built on. Guilds can also lock their tokens in the Kyoko Vault as collateral, should they need a higher than usual amount of credit. Further, Kyoko is designed to support guilds of all sizes. From mega communities like YGG to new and upcoming guilds trying to make a name for themselves in this very competitive sector.
DAO-to-DAO Lending — Gaming guilds are not the only DAOs that are eligible for a Kyoko credit line. Virtually any DAO in any industry in need of liquidity and apply for a credit loan through Kyoko.
Creating a Level Playing Field for All NFT Gamers
We are confident that the Kyoko platform will serve as a barrier-breaker, allowing more aspiring NFT gamers to transition into the rapidly growing P2E sector. Its DAO and Guild lending protocols also cater to many different communities, further bridging the gap between DeFi and newcomers to the space. The MoonEdge team is excited to present this opportunity to our cherished community and we look forward to seeing you at the upcoming IDO. As always, we thank you for your overwhelming support.
Kyoko is a DAO-to-DAO and cross-chain GameFi NFT lending market for guilds and players. Kyoko’s DAO-to-DAO lending offers liquidity to promote web3 development, while its guild-to-guild lending, P2P NFT lending, and cross-chain asset lending platforms aim to solve the most pressing issues challenging the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s metaverse will also allow Guilds to display their history, progress, and other accomplishments, while players can connect with others in a world that can be built in, developed, and sold off.
Connect with Kyoko through the following links: