Kollect is a nonfungible token ecosystem that brings GameFi features to licensed NFT collections. The platform's native token, KOL, takes various roles, including enabling users to burn NFTs to receive rarer collectibles, paying for NFT upgrades and staking for yield. The token also serves as the ecosystem's medium of exchange. Kollect features various play-to-earn games, the first of which is a trading card battle game called Dumpling Empire vs Slime Kingdom.
Kollect was founded by intellectual property and gaming expert Vincenzo Lee. Lee is also the director of Skyberry Entertainment and a former vice president at established video game firm YD Online. Kollect's early investors include OKEx Blockdream Ventures, Soul Capital and Vendetta Capital.