Elemental Knight Online Launches New Scholarship NFT "Ring of Vows" — Returning Profits to Both Owners and Players through a Revenue-Sharing Business Model

Metap Inc., which offers the metaverse RPG “Genso Kishi Online” utilizing blockchain technology, has begun general sales of new scholarships NFTs starting March 28, 2025.

Elemental Knights Online's Scholarship NFT does not follow the traditional NFT storage and issuance types, but instead adopts a method where management and operations are collectively handled by the administration. As a result, owners have a mechanism in place where a portion of the overall metaverse business profits are returned to them.

Below, the provided press release is attached.

Metap Inc, which provides "GensoKishi Online", a leader in blockchain games and the metaverse, headquated in Xinyi District, Taipei City, with CEO Maxi Kuan, has been rolling out numerous initiatives and partnerships throughout 2024, captivating games around the world.\r\n\rnOn March 28, 2025, GensoKishi Online will commence the sale of new types of Scholarship NFTs on the GENSO Marketplace.

Genso Kishhi Online is a GameFi MMORPG that unfolds in the metaverse space. In 2012, it received the Game of the Year Award in Taiwan and, as a new installment of the popular title that has surpassed 88 million downloads, it is building an economic sphere utilizing NFTs and blockchain technology. Players can store items obtained in the game as NFTs in their wallets and use NFTs within the game.

In GameFi, a sukāra refers to a model that utilizes the Play-to-Earn framework to generate revenue through the following flow.

1. Investors purchase NFT equipment and become NFT owners.
2. Owners sell NFTs to sukāras (game players).
3. Sukāras play the game and earn tokens (rewards).
4. The earned rewards are distributed between the owners and sukāras (e.g., owner 70%, sukāra 30%).

Sukāras can play without their own funds, and owners can generate revenue by utilizing NFTs.

• To streamline the intricate processes of renting and selling NFTs,
• There were numerous challenges between traditional and scalable methods,
• To maximize profits through scalable methods, there was pressure to persist and endure,
• To handle the complex procedures of renting and selling on blockchain platforms, it was necessary for both traditional and scalable parties to be well-acquainted with the system,
• In the Play-to-Earn model, profits were distributed through revenue-sharing schemes using newly invested user funds, but ultimately this led to a structure where profits do not grow,
• To divide profits between traditional and scalable methods, coordination with the other party was also lacking.

Elemental Knight Online has developed a new solution that fully resolved all of the aforementioned issues.

The Scholarship system of Genso Knights Online is operated by the management company lending NFTs online, managing them in a list, and selling them to scholars.
Owners receive a mechanism to distribute business revenue earned from the sale of scholarships based on the overall metaverse business revenue.

As a result, NFT owners can earn high income, and scholars can also rent NFTs for free and are able to earn Play-to-Earn revenue with a 100% share.

Elements Warrior Online establishes its economy based on the Metaverse.
Communities, guilds, general players, investors, and partner companies, as various cooperative partners, create the economic sphere through online RPG games, metaverses, shopping malls, NFT marketplaces, UGC (User Generated Content), DeFi, RWA (Real World Assets), and so on.

Specifically, revenue for NFT owners is still being generated from the following businesses.

- A portion of service fees within Elements Warrior
- A portion of user subscription revenue
- A portion of advertising revenue
- A portion of BtoB revenue
- A portion of metaverse sponsor revenue
- A portion of marketplace revenue
- A portion of DeFi operations (revenue from transactions such as MV, ROND, USDT, etc.)
- A portion of RWA sales revenue

A scholarship-supporting NFT is called a Scholarship NFT.
When you purchase a Scholarship NFT, the NFT is issued to the owner in the form of a bond (loan certificate).

Additionally, at the same time as the purchase, the equipment inscribed on the Scholarship NFT will be automatically managed within the game by the operations. Furthermore, the operations will automatically sell the equipment inscribed on the Scholarship NFT to scholars and continuously collect the proceeds.

After six months of continuous operation, the operation period of the first term will come to an end. Scholarship NFTs are designed with durability in mind, and operating them for one term will reduce their durability.

When the durability of the equipment is exhausted, it is automatically repaired, and the second term of automatic operation will resume immediately. At the same time, a one-month business revenue collection period will begin from the resumption of the second term of automatic operation, during which business revenue can be exchanged for Scholarship NFTs (Bonds).

During the business revenue receipt period, the owner can exchange Scholarship NFTs (bond) for the business revenue generated in one term (including the Scholarship NFT purchase amount) and terminate operations.\r\n\r\nExample 1: If the business revenue for the current term yields a 108% return, a 600 USD Scholarship NFT can be exchanged for 648 USD.\r\n\r\nAdditionally, if the Scholarship NFTs (bond) were not exchanged for business revenue during the receipt period, they are deemed to have agreed to continue automatic operations and will transition to the next sive months of operation. By repeatedly extending this operation (long-term operation), it is also possible to anticipate additional business revenue.\r\n\r\nFurthermore, if the owner relinquishes the Scholarship NFT (bond) in the middle of the term, they can sell or lend them to other owners on the GENSO marketplace even during the operation period. In this case, the business revenue that had been generated by the Scholarship NFT (bond) is passed on to the new owner.\r\n\r\nNote.\\Note\\Jull • Regarding the operation of Scholarship NFTs\\NSon The 15th of each month, the operational frequency and scores of Scholarship NFTs up to the previous month are aggregated, and the lending priority ranking for the next month is determined.\\Nisolates the operating rates of specific Scholarship NFTs from becoming skuwed, while simultaneously adjusting so that the distribution of business revenue aferages over the guaranteed period.

In Elementa Knight Online, there is a sponsor panel that allows you to advertise and carry out promotional activities within the metaverse.
Therefore, for those who purchase a scholarship NFT above a certain amount, we will provide this sponsor panel free of charge.
By meeting the conditions, you can operate scholarship NFTs while also conducting promotional activities.

Companies that purchase scholarship NFTs at the amounts below can obtain their respective features by entering into individual contracts with the GENSO Project.

This time, the management of the Scholarship NFT (Ring of Vauz) being sold aims to achieve an annual operating profit of 107% to 109% based on the purchase amount of each NFT. As a long-term goal, the plan aims to achieve a 450% profit if a single Scholarship NFT is continuously operated for 20 years.

• Introduction of limited scholarship NFTs with various designs sponsored by partner companies.
• Release of a dedicated screen (Dapp) that allows you to confirm the progress of NFT operations.
• Release of a dedicated screen (Dapp) that allows you to receive business revenue through exchange with NFT bonds.
• Launch of the scholarship NFT referral program.

Please handle NFTs with full understanding and attention to the following points.

・NFTs are not financial products.
・NFTs do not guarantee business profits.
・NFTs do not fall under financial instruments trading.
・NFT sales do not fall under cryptocurrency exchange business.