Decentralized exchange (DEX) PancakeSwap has introduced a platform for Web3 games with support for NFTs and CAKE tokens.
Introducing the PancakeSwap Gaming Marketplace – a GameFi Revolution with 1.5 Million potential players!
Featuring games like Pancake Protectors & Pancake Mayor
A dynamic hub for gamers & developers
Play, build, & connect in a world of endless possibilities!… pic.twitter.com/jy0Hi0OV7X
— PancakeSwap
Everyone’s Favorite DEX (@PancakeSwap) November 15, 2023
The marketplace has already been launched and is inviting third-party developers to publish their projects.
At launch, the platform offers two flagship games from PancakeSwap – Pancake Protectors and Pancake Mayor.
The first is a strategy in the tower defense genre, but combines elements of PvP. NFT features are integrated into the game, including the PancakeSquad and Pancake Bunnies collections, as well as CAKE support.
Pancake Protectors page on the marketplace. Data: pancakeswap.games.
According to the exchange, the newly launched project attracts more than 25,000 users daily, demonstrating “commendable” performance during the busiest times. The developers also created series of educational videos for newbies.
Pancake Mayor is a casual project with many mini-games in which you need to build your own city. Also supports non-fungible tokens and native DEX coins.
PancakeSwap hopes to attract new developers to further develop the marketplace. The main goal is to reach 1.5 million monthly active users.
Among the advantages of the platform for game creators, project representatives highlighted simple integration with the Web3 ecosystem, availability on nine blockchains, a convenient DeFi interface and a “maximum” security guarantee.
Amid the launch of the trading platform, the CAKE token increased by almost 30% – from $2.2 to $2.8. At the time of writing, its price has corrected to around $2.6.
In April, the third version of the PancakeSwap protocol was launched. In particular, the developers implemented the concept of concentrated liquidity.
As of August 9, CAKE stakers with fixed lock-in periods receive 5% of protocol trading fees each week.
Source: Cryptocurrency
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