PancakeSwap launches gaming marketplace

The decentralised exchange (DEX) PancakeSwap has unveiled a platform for Web3-games with NFT support and the CAKE token.

? 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

“This is much more than just another feature. It is a significant step into the exciting realm of blockchain games, powered by the enthusiasm of our community and the limitless potential of GameFi,” said representatives of the project.

The marketplace is already live and 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 tower-defense strategy, but combines PvP elements. The game integrates NFT functionality, including the PancakeSquad and Pancake Bunnies collections, as well as CAKE support.

According to the exchange, the recently launched project attracts more than 25,000 users daily, showing laudable performance at peak times. Developers have also created a series of instructional videos for beginners.

Pancake Mayor is a casual project with multiple mini-games, in which you must build your city. It also supports non-fungible tokens and the DEX’s native coins.

PancakeSwap hopes to attract new developers for further marketplace development. The main objective is to reach 1.5 million active users monthly.

Among the platform’s advantages for game creators, representatives highlight easy integration with the Web3 ecosystem, availability on nine blockchains, a user-friendly DeFi interface and the “maximum” security guarantees.

Against the backdrop of the marketplace launch, the CAKE token rose nearly 30% — from $2.20 to $2.80. At the time of writing its price had eased to around $2.60.

In April, the launch of PancakeSwap’s third protocol version occurred. In particular, developers implemented the concept of concentrated liquidity.

Since August 9, CAKE stakers with fixed lock-up periods receive 5% of the protocol’s trading fees weekly.