PlaytoEarn Daily hosts Kollect: #NFTs #Kollect #P2EDaily #P2E
P2E Daily Admin: Hello and welcome, how are you today?
Ethan: I’m doing great. Excited for our first sales tmr!
P2E Daily Admin: Happy to hear! Ready to start our AMA?
Ethan: Yeah sure.
Q1: Now to start the AMA, team Kollect please have a quick introduction to the community. What made you decide to build Kollect?
Ethan: Vincenzo and I talked a lot about NFT market and crypto game industry before we began. We realized that although there are so many NFT platforms and the market is becoming saturated, there are apparent issues that have not yet been addressed such as Difficulty onboarding new users, Extracting value of owned NFTs, and most importantly, lacking FUN.
We created Kollect so we can help address these issues and catapult the growth that the NFT space has to offer.
Onboarding Non-Crypto Users: With our partnerships and globally recognized IPs, we believe that we can help convert the non-crypto public into the market by making the technology approachable towards the respective IP fandoms using already familiar characters and stories.
Extracting value of Owned NFTS: Once you minted an NFT, there wasn’t much the owner could do to interact with the NFTs other than trading and hoping for an increase in its demand and thus price. We plan to incorporate methods such as our one-of-a-kind Collection Book so that NFT owners can further leverage their assets and stake them to earn yield.
Lack of Fun: Collecting needs to be fun and interactive, but a lot of NFT games weren’t really high-quality games that were fun to play. It seemed like the users were forced to repeat the same actions for the sake of profit. Our PVP Card Battle Game along with our RPG in development offers users both fun high-quality games, along with a chance to be highly lucrative.
Q2: Please share with us the background of the team behind this project. What are your past experiences?
Ethan: Vincenzo Lee is the CEO and mastermind behind collect. He has 20+ years of experience in the blockchain space, gaming industry, and IP industry. He has worked at the top gaming companies and led the teams. These experiences laid a solid foundation for Vincenzo and our team to build Kollect and provided us with the necessary resources and network to help make Kollect from a vision to reality. I am Ethan Chae, a U of Chicago Alumni, and the CSO at Kollect. I play a core role in Kollect’s overall strategy, branding, and business development. I am a serial entrepreneur and strategy expert with experience across major industries. I founded several companies before and successfully exited, where my skill set for business development and business acumen have been invaluable. Harry Lim is the CTO and product lead of Kollect, and he is a KAIST Alumni. He has over a decade of experience in the technology sector and played a leading role in many projects, such as Project Director at Innospark, Senior Project Manager at SmileGateRPG, Founder of Rock Ho, and developer of ToonixGalaxy in collaboration with Cartoon Network Asia. His background and technical prowess keep the team and community at ease regarding the platform’s development.
Q3: We see that you recently announced your collections & licenses, can you share about it?
Ethan: Kollect is a gamified collection card platform for any branded IPs. Its Collection Book system Kollect.book has a unique built-in play-to-earn feature, allowing users to strategically stake their cards in different collection books to maximize their rewards. Kollect.book enables flexible gamification of collecting activities. Kollect will also publish play-to-earn games built around its IPs where the users can put their collected NFT cards into real actions. Each of the branded IPs can have their own games and in-game currency. Kollect envisions to become the premiere hub for collectibles and play-to-earn games for world-recognized brands and IPs, so we strive to secure the most exciting IPs.
As of now, we have disclosed our licensed IPs: Power Rangers and Ruler of the Land. We have also disclosed one of our original IPs: Munchie Kings. As the team will onboard more IPs and animations to the Kollect ecosystem soon, Kollect will be the hub that connects different NFT cards with play-to-earn games published in the Kollect ecosystem.
I will elaborate a bit more on our core elements which are collection book and play-to-earn games, so that you understand how IPs and NFTs based on them take part in our ecosystem. The Collection Book is a way for user to simply interact with the cards as a collector. The system enables flexible gamification of the collecting activities. At the same time, the publisher (IP Holder / Creator) can control the rarity, balance the difficulties, set new missions and hidden recipes even after launching the NFT cards. The game part is where users can put their collected NFT cards into real actions, and each of the animations/branded IPs is allowed to have their own game and their in-game currency. At the same time, there will be games that open to multiple animations/IPs to participate together. The first game in the Kollect ecosystem will be a play-to-earn battle card game with PvP and PvE combat modes. In general. all Kollect users will earn both active and passive incomes through games and collection books.
Q4: Let’s dive into your token $KOL. Can you share with us your tokenomics? What are some of the $KOL use cases? Does it get audited?
Ethan: I will answer each question one by one. $KOL will be used in our ecosystem for:
1) Synthesis: User can synthesize (and burn) the cards for higher rarity card or hidden card 2) Enhancement: User can enhance the cards, like leveling up the same card and unlock hidden recipes that only open under certain achievements. 3) Conversion: User can convert NFT cards into items and characters in games connected to Kollect, and also out of games 4) Staking: User can stake $KOL along with NFT for yields 5) Purchases: User can use $KOL to buy special collection books and other VIP items with special effects.
Kollect is proud to announce we have secured over $2M USD in investments from some of the top global blockchain investment firms. Together, these firms boast a strong track record of establishing and growing global projects and will provide Kollect with access to an invaluable network of resources and in-depth advisory support in preparation for our much-anticipated launch. The fund from seed & private round will be used for our technology development, community building, partnerships, and marketing to build out Kollect. Further look into our tokenomics including vesting schedules will be released on medium and shared with our community in the near future.
Audit: Kollect is still in its early stages and our team wanted to focus on developing the product and the NFTs first. While our audit is still pending, we will make sure all our smart contracts will be properly audited by a trusted third party. After all, security is a high priority for us at Kollect.
Q5: What are some of your project’s key characteristics?
Ethan: NFT Collectibles with Convertibility: The NFTs offered in Kollect are high-quality artworks derived from IPs with existing fandom. We will begin with Power Rangers, but more will come in the future. Our NFT cards are not just collectibles; they are characters, items, and much more in the universe that is to be built around the Kollect ecosystem. Play-to-earn Games that are Fun: From game experts’ point of view, existing blockchain gaming projects lack details of high-quality games. Usually built as experimental projects by people with little experience in the gaming industry, the NFT games have plenty of room to improve. Kollect brings decades of game development experience to the young market. Platform with Scalability: Kollect is not a platform for single IP like Axie Infinity or NBA Top Shot. Nor is it a platform for one activity (either trading, collecting, or gaming) only. We can serve all. One exceptional feature of our NFT cards is that they have been created with games in mind. Initially, all the NFT cards in the Kollect platform can be used in our card battle game. In the future, the NFT cards will be related to the games featured in our Kollect.game launcher.
Q6: Can you share your roadmap?
Ethan: Q3 2021 Secured IPs with Global License Completed Seed & Private investment from major crypto VCs Working with top 3 global exchanges to foster initial brand awareness Expanding distribution channels for Kollect NFTs Community building (US, China, Japan, Taiwan, Thailand, Indonesia, Vietnam, Turkey, South Korea, Hong Kong, Singapore, EU) Wallet and Token Generation First NFT sales with proprietary IP. (Munchie Kings) Listing on CEX/DEX
Q4 2021 Alpha test for Kollect.market and Kollect.trade First ‘Season 0’ launch of Kollect.market – (Power Rangers) Smart contract Audit Beta launch for Kollect.market and Kollect.trade with first IP Launch Kollect platform (Kollect.market, Kollect.books, Kollect.trade) Launch World of Cards Launch Kollect.game Publish first game on Kollect.game
Q1 2022 Launch additional IP projects Publish second game on Kollect.game
Q7: Where can we find out more about Kollect on social media?
Ethan: Yes! I will link all of our current communication channels below! We have a lot of local community groups for localized news and updates.
Telegram Global: https://t.me/Kollect_Official_Community
Telegram Announcement Channel: https://t.me/Kollect_Cards
Telegram Thai: https://t.me/Kollect_Official_Th
Telegram Japan: https://t.me/kollect_japan
Telegram Indonesia: https://t.me/KollectIndo
Telegram Vietnam: https://t.me/kollectvn
Telegram Turkey: https://t.me/kollectcardsTR
Telegram Korea: https://t.me/Kollect_Official_kr
P2E Daily Admin: With this, we are now at the end of our AMA session with Kollect.
Time for wrapping up, any last words you would like to say to our community?
Ethan: We have our first NFT sales tomorrow at 7pm HKT! The number of NFT dropped is very limited. Only 516 cards. Offered with a crazy opportunity to win SR cards at just $50. I cannot disclose in exact words due to confidentiality issues on our plans but there will be a lot of perks for early buyers and holders of NFT. Collecting on Kollect will be hell of a fun everyone. Please join us on the ride!
P2E Daily Admin: Thank you so much for spending time with our community & all the very best for Kollect.