Koi Metaverse — Monthly Report 4/23 to 5/23

4 min readMay 25, 2022

Hi there, Koi School 🐙

Welcome back to Koi Metaverse and another Monthly Report.

The past few weeks, and probably the ones to come, have been hard on all market participants and Koi Metaverse is certainly not immune to this either. In this Monthly Report, we will take a slightly different angle reviewing everything, from the broad crypto environment, our response to it, team structure change and finally to the Koi Metaverse’s day-to-day operations.

More details are below 🐋

Elephant In The Room

The massive sell-off in 2022 has knocked $1 trillion off the combined market capitalization of the world’s cryptocurrencies, falling further and faster than most other risk assets — namely equities.

It once again dampens investors’ confidence regarding this new technology and market. By now most investors would believe cryptocurrencies are a lousy hedge against inflation. Nor has crypto proved to be much of a haven in tumultuous times, such as central bank tightening, war, an energy crisis, a food crisis, global supply chain disruption, or a pandemic.

Whatever the reason that causes this crash/massive over-correction, it is safe to say the psychology of this market, and many others around the world, has turned negative. Traditionally speaking, cryptocurrency has a psychological effect that’s outsized compared to its value, especially as the prices of other assets fall, which adds to the sense of pessimism and bearishness.

How Koi Metaverse Responds

Despite how challenging the times ahead may seem, what matters to us as a team is not the challenges themselves but how we respond to them.

We believe the current significant decline in the value of crypto is not simply a monetary loss — it is an ideological one. It is a demonstration of shattered confidence. At the same time, this ideology also creates a group of investors and builders that embrace any sharp fall and it is this group that provides hope for the sector.

Crypto winters happen now and then and it certainly drives countless brittle souls out of this market. Every time it happens, we tell ourselves to keep our heads down and continue building a strong product so we will grow quickly in the next cycle.

We believe this is the only way forward.

Strategic Partnership

As always, the mission is to keep expanding the Koi Metaverse ecosystem.

We cannot stress this enough: building a true metaverse is more than grinding on your own. It is more about connecting with other people and projects to form a space where different people can connect, exchange ideas and build a common world. And that is why we strive for as many partnerships as possible.

With Metabase

With $STYLE Protocol

Genesis NFT Collection Phase 1 — Recap & Recoup

With the launch of the Koi Metaverse game, we officially migrated KOI to Binance Smart Chain to battle high usage fees and improve the overall gaming experience. As a result, the NFTs sold in Phase 1 will not avail in the future games of Koi Metaverse. After talking and listening to our community representatives, We decided to launch a surprise airdrop/compensation event via a Community Vote.

Through a community vote, the final decision is 👇

🤿 The ETH addresses owning Koi NFTs in Genesis Offering Phase 1 will receive $KOI private round allocation via a random block snapshot (so HODL!)

🤿 We will mirror your exact Phase 1 NFTs on Binance Smart Chain.

Genesis NFT Collection Phase 1 — Recap & Recoup

The purpose of this Medium article is to answer the questions regarding Koi Metaverse Genesis NFT Collection Phase 1…

koimetaverse.medium.com

Anetta Sultygova’s New Position

Anetta Sultygova has been working with us along the way as the Koi Metaverse’s Project Lead & Ecosystem Director. She has acquitted herself in leading this team and helped us build a great ecosystem with many like-minded projects.

However, due to personal reasons, Anetta Saltykova will be shifting her role to Strategic Advisor. Anetta will continue to leverage her expertise and broad connection to help us advance our mission in GameFi and NFT space.

With this change, Anetta will devote more time to advising the operational team and making more strategic decisions that will help advance Koi Metaverse’s developments. And we certainly look forward to working with her in her new capacity.

About Koi Metaverse

Koi Aims to Unlock the Next-Gen GameFi Metaverse Economies by Building the Digital Collectibles Platform for Virtual GameFi NFTs on Multichains.

Koi is a next-generation infrastructure for issuing, trading, and liquifying GameFi NFTs from different chains like Ethereum, BSC and so on. It is aimed at building a Metaverse dedicated for GameFi NFT assets.