- November 17, 2023
- Posted by: [email protected]
- Category:
Decentralized exchange (DEX) PancakeSwap has ventured into blockchain gaming with the introduction of its innovative gaming marketplace. The newly launched platform allows developers to create, release, and update games directly on PancakeSwap, targeting an expansive audience of approximately 1.5 million potential players.
PancakeSwap’s Gaming Marketplace, described as more than just a feature, is an important leap into the dynamic space of blockchain gaming, fueled by community enthusiasm and GameFi’s immense potential. The platform serves as a hub for exploring games integrated with ecosystem elements, including the platform’s coins and non-fungible tokens (NFTs).
The Gaming Marketplace facilitates user interaction, enabling gamers to exchange strategies, stay updated on the latest gaming information, and connect with other players. Positioned as a “launchpad” and the “most dynamic DEX arena,” PancakeSwap emphasizes that developers have an extensive audience of 1.5 million potential monthly players, providing a spotlight for their games.
Most of the featured games on the platform integrate CAKE tokens and NFTs, contributing to the expansion of the PancakeSwap ecosystem. This integration allows game creators to explore monetization opportunities within their games, enhancing player benefits and rewards.
PancakeSwap operates across nine blockchains, including BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. This broad blockchain support ensures a diverse environment, a wide-reaching ecosystem, and extensive reach for game creators utilizing the platform.
At launch, PancakeSwap’s Gaming Marketplace will feature flagship games such as Pancake Protectors and Binary X’s Pancake Mayor, a city-building game. Additional games are already in development, expanding the platform’s gaming portfolio.
Pancake Protectors, launched in May 2023 in collaboration with GameFi protocol Mobox, serves as PancakeSwap’s entry into the GameFi world. With over 25,000 daily active users during peak times, Pancake Protectors highlights the vast opportunities available for game developers within the new gaming marketplace.
PancakeSwap envisions players earning rewards in the form of coins while enjoying the games available on the platform. The integration of CAKE tokens in games allows players to utilize CAKE in-game and earn CAKE rewards as they progress. The platform has plans for additional features, such as leaderboard rewards, lottery tickets for NFTs and exclusive prizes, and in-game purchases with CAKE tokens.
As of the latest update, CAKE, PancakeSwap’s native token, is trading at $2.59, with a stable 24-hour performance, a 17% increase over the past week, and a substantial 130% rise in the last month.
