Research Report｜In-Depth Analysis and Market Cap of Kratos Games Network（KGeN）

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Bitget2025/09/26 13:07

By:Bitget

1. Project Overview

Kratos Games Network (KGeN) is a Web3 gaming platform founded in 2023 by Manish Agarwal, former CEO of Nazara, aiming to build the world’s largest decentralized gaming community.

The platform enables game studios to enter the blockchain space and provides developers with player insights based on big data and AI. At its core is the Proof of Gamer (PoG) engine, which processes over 374 million player attributes and 18.3 million user data points using AI, achieving multi-chain compatibility and decentralized data custody. This helps developers identify high-value players and enhance liquidity.

Kratos is guided by sustainable community building. Through the VeriFi mechanism, it implements sub-mechanisms such as Proof of Skill (measuring genuine interactions), Proof of Network (assessing social influence), and Proof of Commerce (tracking NFT and K-Cash holdings), effectively mitigating “speculative farming” behavior and emphasizing real value creation.

Its tokenomics revolve around the native token K-Cash, used for holding, rewarding, and ecosystem transactions, forming a value-sharing mechanism while supporting barrier-free participation and long-term incentives. In 2024, the project completed a new funding round of $10 million, reaching a valuation of $500 million, with 3.9 million active independent wallet users, over 150 ecosystem partners, and active expansion into new growth areas such as deAI.

Total funding amounts to approximately $29.3 million (including the early $20 million seed round), targeting over 500,000 daily active users, continuously deepening the global gaming network and player data value, and combining player data ownership with AI-driven precise user acquisition to build a differentiated Web3 gaming growth model.

2. Project Highlights

Global Leading Decentralized Player Network & Data Sovereignty KGeN empowers players with full digital identity and data ownership. By leveraging over 270 million data points for granular profiling, it differs from traditional “play-to-earn” models, emphasizing authentic experiences and data privacy. The platform aims to attract large-scale player adoption into the Web3 gaming ecosystem, fostering deep integration of on-chain and off-chain economies.

Innovative Proof of Gamer Engine & Zero-Knowledge Machine Learning The platform integrates Zero-Knowledge Machine Learning (ZKML) technology for encrypted analysis and privacy protection of player behavior data, while accurately rewarding genuine contributors, enhancing network trust, and establishing a credible incentive system for on-chain gaming.

High-Performance Blockchain Infrastructure on Aptos KGeN is built on the Aptos blockchain, benefiting from high throughput, low costs, and sub-second finality, meeting the real-time and reliability requirements of large-scale gaming scenarios. Its modular design allows flexible expansion, supporting complex game mechanics and on-chain asset interactions, strengthening platform stability.

Multi-Dimensional Incentives & User Growth Mechanisms Aggregating data from over 250 games, the platform offers personalized reward systems and loyalty points (e.g., Kratos Cash), and introduces rKGeN pre-TGE reward tokens (1:1 exchangeable for KGEN). With staking rewards, periodic airdrops, and social tasks, it effectively promotes community activity and early user accumulation.

3. Market Valuation

As a representative infrastructure project in the Web3 gaming sector, Kratos Games Network demonstrates strong execution capability and network effects. As of this report, it has completed three funding rounds with a valuation of $500 million, total funding exceeding $29.3 million, and deepening ecosystem collaborations, gradually establishing its position in the Web3 gaming infrastructure layer.

Research Report｜In-Depth Analysis and Market Cap of Kratos Games Network（KGeN） image 1

4.Tokenomics

Total Supply: 1 billion $KGeN

Initial Circulation: Approximately 37.5%, comprising initial unlocks for ecosystem rewards, foundation reserves, and community incentives.

Research Report｜In-Depth Analysis and Market Cap of Kratos Games Network（KGeN） image 2

Token Allocation:

Ecosystem Rewards: 300 million (30%), 25% unlocked at TGE, remaining 75% linearly released over 24 months

Team & Advisors: 150 million (15%), 12-month lockup, then linear release over 36 months

Investors: 200 million (20%), 12-month lockup, then linear release over 36 months

Foundation & Reserves: 100 million (10%), 50% unlocked at TGE, remaining 50% linearly released over 12 months

Community & User Incentives: 250 million (25%), 50% unlocked at TGE, remaining 50% linearly released over 12 months

5. Team & Financing

The team consists of professionals with experience in global mainstream gaming, blockchain, and consumer internet. CEO Manish Agarwal has backgrounds at Nazara Technologies, AB InBev, and BCG, with deep understanding of gaming industry structures and blockchain applications. Co-founder Ishank Gupta also has strong experience in gaming and Web3. Core team members hail from companies like Electronic Arts (EA), bringing expertise in gaming chain transformation and user growth. Partnering with communities like IndiGG, the platform effectively expands into India and other emerging global markets.

Funding Milestones:

Feb 2023: $20 million seed round (led by Accel, with participation from Prosus Ventures, Courtside Ventures, Nexus, Nazara), supporting platform launch and IndiGG acquisition

Nov 2024: $10 million new round (led by Aptos Labs, co-invested by Polygon, Game7) to enhance Web3 gaming solutions and player network expansion；

End of 2023: $5–6 million dedicated grant program to support high-user-volume studios in transitioning on-chain, providing technical and financial support；

Overall, the funding structure is robust, backed by top-tier capital and ecosystem resources, focusing on data sovereignty and global growth.

6. Potential Risk Warning

Token selling pressure can be divided into three phases:

Short-term (TGE ~3 months): Community incentives and foundation releases account for ~17.5% of total supply; due to market absorption capacity, short-term pressure is low.、

Medium-term (Months 4–12): Ecosystem rewards and remaining community/foundation releases (~36.25%) are distributed linearly, reducing sudden shocks; however, market liquidity and demand should be monitored to avoid price pressure.

Long-term (Month 13+): Team and investor unlocks account for ~35%; linear release mitigates impact, but total volume is substantial, and low market activity could lead to sustained downward pressure.

Overall, selling pressure is gradually released over time: short-term is manageable, medium-term requires monitoring, and long-term pressure could be significant, necessitating assessment of ecosystem development and liquidity to gauge price stability.

7. Official Links

Website: https://kgen.io/

Twitter: https://x.com/KGeN_IO

Disclaimer: This report is AI-generated and manually verified for accuracy. It does not constitute any investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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