Bitget announces entry into GameFi metaverse with Karmaverse partnership

Leading global derivatives exchange Bitget has announced the listing of Karmaverse, a GameFi and SocialFi metaverse, on its launchpad. The partnership will include raising $100,000 in KNOT, the native token of the blockchain ecosystem.

Bitget Launchpad supports the blockchain ecosystem by offering seamless access to crypto projects that are still in their initial phases of development. The launchpad provides a platform to hold and trade assets to win featured project tokens. This provides a global reach to projects and audited investment opportunities for users.

“GameFi and metaverse projects have the potential to hit mainstream audiences just like NFTs [nonfungible tokens]. Research suggests that revenue from crypto gaming or GameFi can grow to $400 billion in 2025, giving projects before 2022 an upper hand over others,” said Sandra Lou, CEO of Bitget.

“Karmaverse is a strong example of a high-potential metaverse that can deliver what it promises. At Bitget, our mission is to support and grow with such emerging technology-based ecosystems that contribute to crypto’s overall adoption,” she added.

The project will host multiple metaverses, such as Karmaverse Zombie, Fantasy World, Old West, Cyberpunk and more, for crypto gamers to explore play-to-earn games — a crypto gaming concept to earn tokens with real value.

Created by the team behind King of Avalon and Guns of Glory, two of the top 10 simulated life games (SLG) in mobile gaming history, each universe within the Karmaverse has its own complete game world, with a unique art style, history, narrative, characters, music and maps.

The GameFi metaverse has officially closed its private seed round, with investments totaling over $8 million from top blockchain gaming and Web3 leaders, such as A&T Capital, Foresight Ventures, Polygon Studios and more.

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