The purpose of Metakings is to educate people about blockchaintechnology while following an entertaining approach. Moreover, many founders of the platform met while playing Decentraland, which is another blockchain-based game. Also, the game platform has transformed into a social network as well as a job platform due to the strong community, which is the basic difference between a traditional game and Metakings.

MTK is the official currency for Metakings and is used for minting characters, extending lives, and minting arenas. Additionally, the MTK holders are eligible for incentives if they stake the tokens, participate in the game, and vote on serious governance problems. Likewise, the users of the Metakings metaverse can grab MTK tokens by submitting user-generated content. All the game resources are tokenized, implying they can be traded with anyone, anywhere in the world, in an open peer-to-peer marketplace.

Metakings rewards the participants for their contributions to the ecosystem through the blockchain framework. Further, the play-to-earn feature of Metakings attracted thousands of gamers from underdeveloped nations during the early phase.

The MTK token has a maximum supply of 1,000,000,000 tokens. The initial phase of the project started in September 2021. Christopher Gasca is the cofounder of Metakings, and Rodney Sekareck is another cofounder and game designer for the platform. Apart from them, Moses Smith is the lead service engineer, Jonathan Torres is the marketing manager, and Kathleen McNamara is the partnership leader.