NFT game “THE PIT” launches as differentiator in crowded NFT market – with backing from London listed VC firms

NFT game “THE PIT” launches as differentiator in crowded NFT market – with backing from London listed VC firms
NFT game “THE PIT” launches as differentiator in crowded NFT market – with backing from London listed VC firms

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By citiesabc resources - Dec 03, 2021

– A new generation of decentralised gaming ownership based on play-to-win –

– Launched by early backer of digital asset success stories Argo Blockchain plc and KR1 plc –

THE PIT, a play-to-win NFT game developed by VC backed Kodoku Studios, is set to launch on 3rd December 2021. The game will bring NFT ownership and engagement into a new realm, going above and beyond current trends revolving around pixilated JPEG images exhibiting bubble like characteristics.

THE PIT NFTs will provide digital asset and gaming enthusiasts the opportunity to truly own their in-game avatar, with blockchain technology providing an entirely transparent ownership and gaming experience. The NFTs will partake in unpredictable, simulated, and decentralised programmatic “play-to-win” combat games of chance, that will lead to either a rise or fall in the value of each NFT.

Unlike the growing variety of play-to-earn games out there, the play-to-win environment of THE PIT offers players the opportunity to be a real winner, along with the fame and fortune befitting such status.

Hewie Rattray, Founder of THE PIT, said:

“NFTs are set to be an integral part of everyday life as they become an increasingly popular leisure pursuit. By combining NFTs and gaming with the launch of THE PIT and building it with the transparency that blockchain technology affords, we are bringing gaming experiences into the 21st Century. This development is a natural progression towards all the promise that the Metaverse brings, where crypto, NFTs and gaming will enter a new paradigm.”

This novel new way for people to have direct ownership of a unique gaming avatar will not only provide them with an engaging experience, but allow them to freely trade their NFT, for instance on the well-known NFT exchange OpenSea. THE PIT’s gaming schedule, which starts in December 2021, will involve regular battles and allow the NFT owners to earn crypto rewards tokens.

THE PIT has been developed by Kodoku Studios, with the backing of major VC firms NFT Investments and Pioneer Media, both leaders in the digital assets space and listed on London’s Aquis exchange.

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