Can PetKingdom take tokenised social gaming sector to next level?

Highlights

  • PetKingdom is a NFT gaming ecosystem, operating on Binance Chain System protocol.
  • Governed by its native token PKD, the gamers can trade in-game tokens, which are locked for 14 days and can be redeemed during the timeframe.

As the Non-Fungible Tokens (NFTs) continue to grip the market with its strong growth in 2021, the gaming industry is all set to utilise them.  The NFT games have grown exponentially over the past few years. In 2021, there has been strong growth of games such as Axie Infinity, Gods Unchained, Splintercell, and others, following which the sector has a got huge boost.

Can PetKingdom take tokenised social gaming sector to next level?

Crypto enthusiasts are actively investing in NFT games as they are profitable and provides easy access for gamers to own virtual goods in digital world. Today, there is a paradigm shift in the online gaming world as developers are adopting the gaming technology to make their games more enjoyable experience. One such game that is making its mark almost immediately is PetKingdom.

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PetKingdom at a glance 

PetKingdom is a NFT gaming ecosystem, operating on Binance Chain System protocol, and it aims to create a Pet Galaxy, where the users can enjoy the adventure of NFT Universe. PetKingdom allows the users to become owners and earn money in the Blockchain-based social game economy. One can earn PKD tokens by participating in daily fights.

Governed by its native token PKD, the gamers can trade in-game token that are locked for 14 days and can be redeemed during the timeframe. It has battle phases on six planet maps – Mercury, Venus, Earth, Mars Jupiter, and the Sun. With its unique gaming technology, the NFT-based game is aimed to take the tokenized social gaming industry to the next level.

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It aims to give the gamers a sense of ownership of the virtual assets and earn income in the process. The PKD holders can exchange their PKD token for the issue of ERC-721. In order to earn more tokens, the gamers will have to arrive at the battle early to earn prizes.

How is Petkingdom faring?

Petkingdom is ranked 3172 on CoinMarketCap. According to CoinMarketCap, the PKD is trading at US $0.29936 with a 24-hour trading volume of US $4,79,334. At the time of writing (BST 1:10 pm), PKD was down by 0.59% in the last 24 hours and has a fully diluted market cap of US $5,987,243.  

PKD is a new token on the horizon, and it will take time before one can judge the prospects of the token. But with the NFT games taking the crypto world by storm, it has the potential to grow big and can attract investors to the platform. For now, the gamers will look to explore the potential and oversee the growth prospects of the token in the coming days.  

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