In the evolving landscape of decentralized finance (DeFi) and blockchain, KGeN (Kratos Gamer Network) stands out as a mission-driven project focused on onboarding millions from micro communities in emerging markets to Web3, AI, Gaming, and DeFi. Established in 2022, KGeN positions itself not just as a platform but as a "movement" aimed at transforming how users, consumer apps, games, and chains connect, interact, and thrive.

In October 2025, KGeN quickly logged in to the CEX Alpha platform for an Airdrop after securing $13.5 million in funding led by Prosus Ventures, Jump Crypto, and Accel, making quite a splash. This project, aimed at building a universal reputation layer for Web3, boasts an almost "all-star" team and capital lineup. However, behind its approximately $660 million Fully Diluted Valuation (FDV) lies a profound market skepticism about whether it can realize its vision in a fiercely competitive environment.

What is KGeN? Kratos Gamer Network (KGeN) is a blockchain-driven decentralized gaming ecosystem that achieves verified digital identification, cross-game asset ownership, and rewards through the Player Proof (PoG) system. The platform addresses three major pain points in traditional gaming: low issuance efficiency in emerging markets, player data being monopolized by platforms, and unfair value distribution.

Huobi HTX launched the KGEN/USDT Perptual Futures on October 11, with a maximum leverage of 20 times, and kicked off a trading party with a prize pool of $10,000. Users can participate in trading to share the prize pool, and new users will receive exclusive benefits.

KGeN, also known as Kratos Gamer Network, is a pioneering Web3 initiative focused on onboarding millions of micro communities in emerging markets to AI, gaming, and DeFi ecosystems.

Binance Wallet airdropped 54,200 KGEN tokens to users through the Alpha platform, marking an important milestone for the Kratos Gamer Network in the Binance ecosystem. However, on the first day of the KGEN token issuance, it faced a market bloodbath, with the price falling 53% from a high of $0.636 to close at $0.26. As of the deadline on October 10, the KGEN price continued to decline, currently reported at $0.1520.

The highly anticipated Aptos ecosystem project KGeN Protocol's native Token KGEN Crypto made its debut on various exchanges, including mainstream CEX, on October 7, 2025, but experienced a disappointing start. The KGEN price fell by 67% within hours of launch, triggering market fear, uncertainty and doubt (FUD). Despite KGeN Protocol boasting 38.9 million registered users, $60.8 million in annual revenue, and $13.5 million in funding from top institutions like Jump Crypto, its strong fundamentals starkly contrast with the chaotic token issuance. Technical issues, presale redemption latency, and Airdrop sell pressure were the direct causes of this price collapse, casting a shadow over this project hailed as a "quasi-unicorn" in the fields of AI, Decentralized Finance, and identification.

Binance Alpha will launch KGeN (KGEN) trading on October 7, 2025. Eligible users can claim 100 KGEN Airdrop on the event page. The airdrop is divided into two phases, and a certain amount of Alpha points must be held. Claiming will consume 15 points, and failure to confirm in a timely manner will be regarded as a waiver.

According to Mars Finance, on September 30, KGeN, a company dedicated to building the world's largest verification distribution protocol for artificial intelligence, Decentralized Finance (DeFi), gaming, and consumer applications, announced today the completion of a new round of strategic financing of $13.5 million. This round of financing was participated in by Jump Crypto, Accel, and Prosus Ventures. So far, KGeN's total financing has reached $43.5 million, which will be used to create the world's first verification distribution protocol (VeriFi) network that empowers AI, DeFi, and gaming growth. The official statement noted that this round of financing follows the company's $20 million seed round in January 2023 and a $10 million ecosystem round in November 2024. Currently, the KGeN protocol system, commercial stack, and loyalty infrastructure have covered the globe.

KGeN has raised $13.5 million in strategic funding, totaling $43.5 million, to enhance its distribution network for AI, DeFi, gaming, and consumer apps. With a user base of 38.9 million and annual revenue of $48.3 million, the company aims to expand its infrastructure globally.

KGeN recently announced the completion of a $10 million ecosystem round of financing, led by Aptos Labs, with participation from Polygon and Game7, corresponding to a fully diluted valuation of $500 million for KGeN. The platform aims to achieve ownership of game player data. The platform has raised over $30 million in financing, and its Proof of Gamer (PoG) engine covers 93 data dimensions, with 10.8 million registered players and 3.3 million monthly active users. KGeN will use the financing to expand platform functions, optimize player reward mechanisms, expand emerging market business, and strengthen cooperation with game developers.

Last week's blockchain gaming news: Uniswap Labs acquires 'Crypto: The Game'; YOLO GAMES LBP ends early; Tabi Chain announces tokenomics; Pixelverse completes $5.5M financing; Joyride Games announces joining Core Chain ecosystem. Web3 Game Ranking: New player growth leaderboard TOP10: World of Dypians, The Beacon, Puffverse, MetaverseMiner, StarryNift, KGeN, Taki, Pixels, Apeiron, Hippo Dash by Gameta. Top 10 Weekly Retention Rate for New Players: StarryNift, TURNUP, Pixels, Taki, Gaimin, KGeN, Apeiron, Axie Infinity, Hippo Dash by Gameta, tevaera. Top 10 Weekly Active Player Rise: The Beacon, World of Dypians, Puffverse, KGeN, MetaverseMiner, xBlast, KINGDOM STORY: HEROES WAR, Ultimate Champions, Ninneko, Apeiron. Top 10 weekly transaction volume growth: Guild of Guardians, YOLO GAMES, Unioverse Proving Grounds, Moonveil, The Beacon, Bitmon, Revel.xyz, THE CORE, AlphaOrBeta, Hurley Super Surfer. Token rise weekly TOP10: Titan Hunters, SpaceY 2025, Kryptomon, Wolf Game, Gunstar Metaverse, Apeiron, Playermon, TopGoal, Klaydice, Big Town Chef.