Understand Kollect in three minutes: A NFT card collection platform that combines play and earn

Author: Groot

NBA Top Shot's phenomenal growth at the beginning of this year officially opened the curtain on the NFT craze that has lasted for more than half a year, while the summer explosion of blockchain games represented by Axie Infinity brought the entire NFT market to an unprecedented "new realm." NFTs have become the most easily understood and recognized medium for "outsiders" in the development of blockchain technology. In the spotlight of the pandemic-driven metaverse concept, NFTs have become an important means of asset confirmation, bringing many new possibilities to people's lives.

From digital collectibles to game items, to "social currency" represented by avatar series NFTs, and even significant moments or whimsical ideas, everything can be concretized into a permanently existing NFT asset on the chain. Beyond the group obsessed with this new concept, the wealth effect of "play-to-earn" in blockchain games has stirred even greater waves among gaming enthusiasts and investors.

However, just as the key to the success of DeFi lies in its composability, is it possible to make the most distinctive attributes of NFTs also composable, achieving a 1+1>2 effect? Kollect has made some attempts along this line, trying to prove that "NFT Legos" can also open up greater imaginative space through the combination of "collecting" and "play-to-earn."

What is Kollect?

Kollect is a gamified NFT card collection platform that adds the current core feature of blockchain games, "play-to-earn," beyond traditional card collecting.

Kollect can "package" any animation or brand IP into NFT cards and provide specific gameplay for the cards. Users can maximize their rewards by strategically placing their collected cards in different albums. Additionally, each brand IP's NFT card can launch corresponding games and in-game currencies. The first game in the Kollect ecosystem is a "play-and-earn" card battle game primarily based on PvP and PvE combat.

For IP issuers, launching NFT card collections and games on Kollect offers considerable flexibility. Publishers can adjust rarity after the NFT cards are released, rebalance game difficulty, and introduce new game tasks and hidden recipes, among other things. This continuously optimizable design allows games in the Kollect ecosystem to effectively narrow the experiential gap with current centralized online games. The active and passive income that users gain through games and card collecting will be key to attracting more users to participate.

In other words, NFT cards in the Kollect ecosystem are not merely digital collectibles but roles or items within the universe constructed by the ecosystem. Kollect is not a single IP platform like NBA Top Shot or Axie Infinity, nor is it a simple game; it is a framework for a new blockchain game universe. This framework can accommodate various IPs and allow the cards derived from these IPs to become part of the games.

Overview of the Kollect Ecosystem

The Kollect protocol has designed a complete system that encompasses primary distribution, collection, gamification, secondary market trading, and ecosystem governance, aiming to create value for all participants within the ecosystem. This is divided into six components: Kollect.market, Kollect.cards, Kollect.book, Kollect.game, Kollect.trade, and Kollect.DAO.

The most fundamental and crucial function of the ecosystem, where users collect NFT cards and earn rewards, is realized by Kollect.book, which is also referred to as the "economic pillar" of the Kollect ecosystem. Users can earn rewards by storing their NFT cards in Kollect.book and can also synthesize and enhance their cards. Kollect.book integrates a complete incentive design to attract users to purchase more NFT cards and stake them.

If users want to obtain NFT cards, they need to purchase them on the comprehensive market Kollect.market, primarily in the form of card packs (Kollect.pack) containing unopened cards, with each pack containing 10 cards, where lower rarity cards are more common. Additionally, users can buy and sell cards on the secondary market through Kollect.trade, which allows for trading individual NFTs as well as completed albums (card sets).

Kollect.game serves as a launcher for games built around various IPs released through Kollect.market. Kollect has already provided a case for a card battle game, and future games released in Kollect.game will become important components of the ecosystem. Most of the main functions of NFT cards will need to be reflected through games, and cards may eventually be used to exchange for in-game characters and items.

Kollect.DAO is key to achieving decentralized governance, allowing native token holders to vote on decisions regarding cooperative IPs, album themes, and crowdfunding matters for upcoming projects.

Team

Kollect's CEO, Vincenzo Lee, has over 20 years of experience in the blockchain, gaming, and IP industries. He has worked at top gaming companies and led teams. His past work experience provides Kollect with essential resources and networks.

CSO Ethan Chae is responsible for the overall strategic planning, brand promotion, and business development of the project. Ethan is a serial entrepreneur who founded Soul City Cultures.

CTO and Product Head Harry Lim has over ten years of experience in development and has led the development of many successful projects. He has served as the project director at Innospark, senior project manager at SmileGateRPG, founder of Rock Ho, and developer of ToonixGalaxy in collaboration with Cartoon Network Asia.

CMO Joy Choi previously served as the art director at a certification agency in the traditional art field. She plays a key role in visually communicating Kollect's message to the community.

Native Token KOL Economic Model

Kollect has issued a native token KOL with a total supply of 1 billion tokens. KOL is an important component of the entire Kollect ecosystem, allowing users to purchase NFT card packs and synthesize them on Kollect. Additionally, rewards earned from staking NFTs will also be distributed in KOL. KOL token holders have governance rights and priority access to newly issued NFT works.

The KOL token distribution plan is as follows:

• Seed round sale 4%, unlocked at token issuance 5%, remaining portion unlocked quarterly over 18 months;
• Strategic round sale 2.5%, unlocked at token issuance 15%, remaining portion unlocked quarterly over 18 months;
• Private round sale 3%, unlocked at token issuance 15%, remaining portion unlocked quarterly over 18 months;
• Team reserve 15%, unlocked six months after token issuance, fully released within 2 years;
• Advisor reserve 5%, unlocked six months after token issuance, fully released within 2 years;
• Liquidity provision reserve 10%, unlocked at token issuance 5%, fully released within 3 years;
• Partner reserve 15%, unlocked at token issuance 5%, fully released within 3 years;
• Marketing reserve 15.5%, unlocked at token issuance 5%, fully released within 3 years;
• Ecosystem development reserve 30%, unlocked at token issuance 2%, fully released within 3 years.

Conclusion

Mainstream investors, collectors, and gamers have gradually recognized the potential of NFTs, which is also the driving force behind the sustained high interest in the NFT concept over the past half year. The ecosystem built by Kollect allows various market participants to find their points of interest, whether in collecting or earning, all of which can be satisfied in this new form of blockchain gaming. Moreover, Kollect's attempts at combining "NFT Legos" may provide a new alternative direction for the further development of the NFT market.