Popular multi-chain decentralized exchange PancakeSwap has fully committed to gaming, which has resulted in a surge in the value of its native token.
The rapidly evolving crypto landscape requires even the best projects to iterate and introduce new offerings to attract more users and increase their piece of the pie. PancakeSwap is a project that takes this route. The popular DEX announced on Thursday that it has launched a new project Gaming marketplace.
PancakeSwap gained popularity for its pancake-style decentralized exchange, which initially launched on the BNB chain before eventually expanding to other networks such as Ethereum, Linea, and Arbitrum. The project’s native CAKE token is another key feature, as users can earn the asset by staking in PancakeSwap liquidity pools and farms.
However, PancakeSwap now has another major offering in the form of a new gaming marketplace. In addition to the new platform, PancakeSwap also introduced a new Web3 gaming title called Pancake Mayor, developed by Binary X. Users can earn CAKE tokens by playing the game and using PancakeSwap NFTs as part of the experience.
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Notably, Pancake Mayor is PancakeSwap’s second game release, after the project previously collaborated with game publisher Mobox to release Pancake Protectors in May. Nonetheless, the release of the gaming marketplace along with a new game underlines PancakeSwap’s commitment to exploring the Web3 gaming world.
Developers are welcome to build on the PancakeSwap Gaming Marketplace
In addition to launching its own games, PancakeSwap also opens its gaming ecosystem to other developers. PancakeSwap expects that developers building and integrating its Web3 gaming marketplace will have access to its broad audience of over 1.5 million monthly players.
🎉 Introducing the PancakeSwap Gaming Marketplace – a GameFi revolution with 1.5 million potential players!
🏆 With games like Pancake Protectors and Pancake Mayor
🌐 A dynamic hub for gamers and developers
🕹️ Play, build and connect in a world of endless possibilities!… pic.twitter.com/jy0Hi0OV7X
— PancakeSwap🥞Everyone’s Favorite DEX (@PancakeSwap) November 15, 2023
Partners who accept the PancakeSwap proposal will find it relatively easy to integrate CAKE tokens and PancakeSwap NFTs into their gaming experience. You can also benefit from using the platform as a new source of income.
Meanwhile, the price of PancakeSwaps is CAKE The token rose in the days leading up to news that the project was diving into Web3 gaming. CAKE is up 22% in the last seven days and is currently trading at around $2.64 at the time of writing, with a market cap of $642 million.
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Disclaimer: This content is for informational purposes and should not be considered financial advice. The views expressed in this article may contain the personal opinion of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic assumes no liability for any financial losses.
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