PancakeSwap Launches Gaming Marketplace for Web3 Games
Date: 2023-11-18 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
Introduction to PancakeSwap's Gaming Marketplace
PancakeSwap, a decentralized exchange (DEX), has introduced a platform for Web3 games, integrating support for NFTs (Non-Fungible Tokens) and CAKE tokens. The platform has been launched, welcoming third-party developers to showcase their projects.
Flagship Games and Features
The initial lineup features two flagship games by PancakeSwap—Pancake Protectors and Pancake Mayor. Pancake Protectors is a tower defense strategy game with PvP elements, incorporating NFT functionalities like the PancakeSquad and Pancake Bunnies collections, along with CAKE support.
User Engagement and Performance
According to exchange data, the recently launched project attracts over 25,000 users daily, displaying commendable performance during peak periods. To aid newcomers, developers have crafted a series of tutorial videos.
Casual Gaming with Pancake Mayor
Pancake Mayor, a casual project with various mini-games focusing on city-building, also supports NFTs and DEX's native coins. Its integration aims to provide an engaging experience for users within the gaming ecosystem.
Expansion Plans and Platform Advantages
PancakeSwap aims to onboard new developers to further enrich the marketplace, targeting a goal of 1.5 million active users monthly. Notable advantages for game creators include seamless integration with the Web3 ecosystem, availability across nine blockchains, a user-friendly DeFi interface, and a strong emphasis on security.
Impact on CAKE Token and Recent Developments
The launch of the trading platform resulted in a nearly 30% surge in the CAKE token, climbing from $2.2 to $2.8. At the time of writing, its price has stabilized around $2.6.
Protocol Updates and Staking Benefits
April witnessed the launch of PancakeSwap's third protocol version, emphasizing concentrated liquidity provision. Moreover, CAKE stakers with fixed lockup periods receive a 5% share of trading fees weekly since August 9.
