What is League of Kingdoms Arena?

League of Kingdoms Arena (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game that strives to provide a play-to-earn ecosystem. In this game, players can build kingdoms, raise armies, form alliances, and compete for power and wealth. The game supports various gaming modes, including player-versus-environment (PvE), player-versus-player (PvP), and party-play (MMO). LOKA, the game's governance token, allows holders to participate in the decision-making process on the platform, purchase in-game items, and receive compensation through staking. The game also features a utility token called DST (Dragon Soul Token), which is necessary for breeding Dragos, the dragon-like in-game characters.

How does League of Kingdoms Arena work?

LOKA operates as a sophisticated socio-economical ecosystem that requires well-thought-out governance to ensure long-term sustainable prosperity. The platform strives to gradually decentralize to a DAO to aim for fair distribution of control and value in the community. All the pieces of land in the game are represented as ERC-721 non-fungible tokens (NFTs). The ownership of these tokenized digital real estates provides gamers with an opportunity to farm and monetize resources, acquire dividends from renting out the plots, and receive a share of the project’s revenue. Dragos, represented as ERC-721 NFTs on the platform, serve as companions to kingdoms and can participate in a variety of gameplay activities.

What are the potential use cases for League of Kingdoms Arena?

LOKA aims to appeal to both crypto enthusiasts and mainstream gamers by offering a wide variety of in-game content and gameplay modes along with a play-to-earn economy. The game is one of the 4x (Explore, Expand, Exploit, Exterminate) MMO games built on blockchain. The game's governance token, LOKA, allows holders to participate in the decision-making process on the platform, purchase in-game items, and receive compensation through staking. The game's utility token, DST, is necessary for breeding Dragos, the dragon-like in-game characters, and is also used to enhance, upgrade, and unlock various in-game utilities.

What is the history of League of Kingdoms Arena?

League of Kingdoms Arena was launched in July 2021 by NOD Games, a blockchain-based game development company co-founded by Chan Lee and Steve Hwang. Chan Lee, the CEO of NOD Games, has a degree in Computer Science from Pohang University of Science and Technology and has previously worked as a product designer for Samsung Electronics. Steve Hwang, the CTO of NOD Games, is an experienced programmer and game developer who was previously a member of the founding team at Gamevil, a mobile game publisher based in Seoul, Republic of Korea. The LOKA token went live in January 2022, and the platform has released a proprietary NFT marketplace, a PvP arena, and a land reward hub among other new features.