Avalanche is going to launch its main net soon and projects generated with different partners are being presented on the media platforms. One of these partnerships has been recently declared with Polyient Games (1). Now there is a concrete of the partnership.
Polyient Games are known for developing projects on blockchain gaming and especially non-fungible tokens (NFTs) (2). Nowadays, Polyient Games have declared that they will build a NFT decentralized exchange (DEX) on the Avalanche platform which will be located on the Polyient Games Marketplace. The exchange is scheduled to offer exclusive NFT auctions and a peer-to-peer NFT exchange on the Avalanche platform. Thus, Polyient games will allow NFTs trading on Avalanche network. This partnership will be probably the first DEX project on the new platform. Polyient Games revealed that the DEX will be fuelled by a utility token so called ‘Polyient Games Founder’s Keys (PGFKs) particles (XPGPs)’ that will represent 1:1000 fraction of PGFKs. This utility token is told to be used as a transactional unit for NFT sales and also for other platform offerings. XPGPs are also supposed to be main trading pair for all fungible tokens listed on the Polyient Games DEX. The fungible offerings will include currencies used in the games produced by Polyient Games and partner networks (3, 4).
Brad Robertson, the CEO of Polyient Games mentioned that they have decided to launch their project on the Avalanche platform which support almost all kind of dApps and DeFi projects. The intensity of the Ethereum network has influenced this decision since DEXs using Ethereum blockchain have problems with increased gas fees and network congestions. The new DEX will provide an AVAX-XPGP swap market. The direct trade between Avalanche native token AVAX and XPGP will be possible on the Polyient Games DEX. There will be a decentralized liquidity for AVAX-XPGP pair which means that members of the Polyient Games Ecosystem will have the opportunity to add their own holdings to the token pools in return for a share of the transaction fees. The partnership is expected to provide benefits for both parts and will allow grooving of the blockchain gaming, NFTs market and its trading.
Avalanche blockchain has ability to support Ethereum virtual machine. ERC20 and ERC-721 assets will be supported, thus a bridge between Ethereum and Avalanche will be generated. Polyient Games opened a pre-registration period for the PGFK sale (2).
Avalanche platform is coming to the market with its projects and partners to build the skeleton of a strong ecosystem and the internet of finance.
References
2. https://www.polyient.games/
4. https://medium.com/polyient-games/details-on-the-upcoming-pgfk-sale-b7044888a491
