KAP Games collects publishing and distribution fees from games on its platform and services, as well as a fee from in-app purchases and microtransactions inside of its games.

KAP Games is a web3 gaming distributor, publisher & studio, specializing in browser and mobile-native experiences. KAP Games was founded by the Kapital Foundation and launched in 2022.

KAP tokenholders own and govern the protocol. They currently take all of the total publishing and distribution fees (revenue). Kapital DAO's investors include Polygon Ventures, Wintermute Ventures, Yield Guild Games, etc.

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KAP Games

# KAP Games Revenue Methodology

## 1. Overview

KapitalDAO revenue represents daily fee income earned by KapitalDAO from gaming organizations. The metric captures payments made to KapitalDAO's multisig treasury address, treating all incoming transfers as revenue. This includes both ERC20 token payments and native ETH payments from gaming partners using KapitalDAO's services.

## 2. Data sources

- **Ethereum token transfer events**: Parsed ERC20 `Transfer` events from the Ethereum blockchain, specifically filtering for transfers TO KapitalDAO's multisig address
- **Ethereum native transfer records**: Native ETH flow data tracking inbound transfers to KapitalDAO's treasury address
- **End-of-day token price feeds**: Token pricing data used for USD conversion of revenue amounts
- **Token metadata**: Token contract information including decimal precision for accurate amount calculations

## 3. Step-by-step calculation

### Component A: ERC20 token fee collection
- **Purpose**: Capture ERC20 token payments made to KapitalDAO by gaming organizations
- **Logic**: Extract all token transfer events where the recipient address is KapitalDAO's multisig address (`0xfa3df5c014bbd5a6a6d1047b82331917c3f9bb9d`). Each transfer represents a fee payment from gaming partners. All transfers are classified as 'Gaming' business line, 'gaming' market sector, and 'game' business segment with version 'v1'
- **Key fields**: `block_timestamp` for timing, `token_address` for token identification, `value` for transfer amount, and transaction identifiers for uniqueness

### Component B: Native ETH fee collection  
- **Purpose**: Capture native ETH payments made to KapitalDAO by gaming organizations
- **Logic**: Extract native ETH flows where the account address is KapitalDAO's multisig and the value is greater than zero (inbound transfers only). Like token transfers, all ETH payments are classified under the gaming business vertical with consistent metadata tags
- **Key fields**: `block_timestamp` for timing, `value` for ETH amount transferred, and account identification for the multisig address

### Component C: Daily fee aggregation
- **Purpose**: Combine and aggregate all fee payments on a daily basis
- **Logic**: Union the ERC20 token transfers and native ETH transfers into a single dataset. Group transactions by day using timestamp truncation, along with chain, market sector, business segment, product, and token address. Sum the fee amounts for each daily grouping
- **Key fields**: `timestamp` (truncated to day), `chain_id`, classification fields, `token_address`, and aggregated `fees`

### Component D: Currency conversion and standardization
- **Purpose**: Convert all fee amounts to USD and apply proper decimal corrections
- **Logic**: Apply the decimal correction based on each token's metadata to ensure proper unit calculations. Then convert token amounts to USD using end-of-day price feeds matched by date and token address. This standardizes all revenue into a common USD denomination
- **Key fields**: Corrected `fees` amounts converted to USD values

### Final aggregation
- **Combining components**: The processed daily fee data flows directly into the revenue calculation without additional transformation
- **Currency conversion**: All amounts are converted to USD using end-of-day price feeds with proper decimal adjustments applied
- **Time aggregation**: Data is aggregated at daily granularity with timestamp truncation to day boundaries
- **Final calculation**: Revenue equals the sum of all daily fees paid to KapitalDAO, where fees include both ERC20 tokens and native ETH converted to USD. Missing days are filled with zero values to ensure complete time series coverage

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

KAP GamesKAP

Revenue

Revenue

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Chain breakdown