THE PIT, a next-generation play-2-win NFT game by Kodoku Studios

The PIT, a first-of-its-kind NFT project by London-based studio Kodoku, is a first-of-its-kind project that takes the form of an innovative platform that provides players with a simulated world in which NFTs battle each other.

NFT gaming is booming, with a market capitalization of approximately US$162 billion now and a projected worth of US$295 billion in the next five years. In the same way that mobile gamers have surpassed traditional gamers, NFT gaming is likely to overtake traditional gaming in the next years.

The next-generation play-to-win NFT arena will debut on November 30th, with 5,000 NFT monsters released into THE PIT to battle it out. Avians, Insectoids, Serpents, and Canines are among the PIT creatures that may be classified into different species, each having its own set of features.

THE PIT will be released on November 30th, with a mint price of 0.075 ETH that will be tradeable on OpenSea after the launch. Before entering the pit, all NFTs must be coined. Kodoku Studios has said that 50 percent of the initial mint and trading royalties proceeds will be reinvested directly into arena prize pools.

THE PIT intends to grow its existing model following the debut by adding other game types, such as Race and Challenge modes. Direct Player vs. Player (PvP) battle for pride, honor, and ETH will be possible with the latter. It’s also worth noting that NFT holders can host private, off-stream games with their reward pools.

Pioneer Media, a publicly-traded Canadian investment firm, and NFT Investments, a UK PLC incubating and creating Non-Fungible Tokens, Companies, and Rights, have backed the project.

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