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Crypto Exchange PancakeSwap Expands into Gaming with New Marketplace – Earn CAKE for Playing Games?

The decentralized exchange (DEX) PancakeSwap has introduced its Gaming Marketplace, empowering developers to create, release, and maintain games directly on the platform, reaching an audience of 1.5 million potential players.

According to the announcement, the platform serves as a central space for the community to discover games integrated with ecosystem elements, such as its coins and non-fungible tokens (NFTs).

The DEX emphasized,

“This is not just another feature; it marks a substantial entry into the thrilling realm of blockchain gaming, driven by the enthusiasm of our community and the limitless possibilities of GameFi.”

Users on the platform can engage with fellow gamers, share strategies, and stay updated on the latest game developments.

Moreover, the developers’ hub is positioned as a “launchpad” and described as “the most dynamic DEX arena.” PancakeSwap expressed,

“With an impressive 1.5 million potential monthly players, your games receive the attention and audience they merit. Whether you’re in the early stages of brainstorming ideas or refining a finished project, we’re eager to hear about your proposal and explore how it can harmonize with PancakeSwap.”

Finally, a majority of the showcased games on the platform are seamlessly integrated with CAKE and NFT functionalities. This integration allows the PancakeSwap ecosystem to expand, offering players more avenues to derive benefits from the gameplay and receive rewards.

Moreover, this feature empowers game creators to incorporate CAKE tokens and NFTs into their own creations, providing an avenue to explore various monetization opportunities. PancakeSwap highlighted that this integration doesn’t bind creators exclusively to their platform.

PancakeSwap operates across nine blockchains, including BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. This extensive reach fosters a diverse ecosystem and broadens the scope for creators’ games.

As of now, PancakeSwap V3 holds the 5th position on BSC, boasting a 24-hour token trading volume of $257.5 million.

Eat CAKE

Upon its launch, the platform will showcase the DEX’s flagship game, Pancake Protectors, and the city-building game Binary X’s Pancake Mayor, with more games already in the development pipeline.

Pancake Protectors, launched in May 2023 in collaboration with the GameFi protocol Mobox, experienced significant success, drawing in over 25,000 daily active users (DAU) during peak periods. The exchange contends that this success “underscored the abundant opportunities game developers can leverage within this new Gaming Marketplace.”

PancakeSwap attributes Pancake Protectors as its inaugural venture into the GameFi realm. The game is tailored for the GameFi community, CAKE collectors, Pancake Squad enthusiasts, and Bunnies holders.

Notably, players have the potential to earn coins while immersed in the gaming experience.

As per a May press release that unveiled the CAKE integration within the game, it stated:

“This integration enables players to utilize CAKE tokens within the game, allowing them to earn CAKE rewards while immersed in the gameplay.”

The press release outlined that top players on the leaderboard had the chance to win up to 10,000 in CAKE, while all players were eligible to unlock lottery tickets for opportunities to win NFTs and exclusive prizes.

Additionally, users had the option to purchase in-game CAKE hero characters using CAKE tokens. The introduction of Pancake Squads (PancakeSwap’s NFT) was highlighted as a mechanism to unlock in-game rewards and enhance the abilities of CAKE heroes, as stated in the May announcement.

As of the latest update, on Thursday morning, CAKE was trading at $2.59. It exhibited no change in the past 24 hours, marked a 17% increase over the week, and recorded a notable 130% surge over the month.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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