Polyient Games, the industry’s first investment firm focused on non-fungible tokens (NFTs) and blockchain gaming, has partnered with Ava Labs to build a dedicated NFT decentralized exchange (DEX) on Avalanche, the highly-scalable, open-source platform for launching decentralized finance (DeFi) applications.
The new DEX will exist within the upcoming Polyient Games Marketplace, which will feature unique offerings ranging from exclusive non-fungible token (NFT) auctions and a peer-to-peer NFT exchange system to more liquid NFT trading products that are designed for crypto investor mass adoption.
The Polyient Games Marketplace and DEX will be fueled by PGFK Particles (XPGPs), a unique utility token that represents a 1:1000 fraction of PGFKs, the upcoming membership and rewards NFT for the Polyient Games Ecosystem. The PGFK-XPGP combination represents the first dual-state digital asset that features unique rewards and utility paths.
In addition to functioning as a transactional unit for NFT sales and other platform offerings, XPGPs will act as the main trading pair for all fungible tokens listed on the Polyient Games DEX. These fungible offerings include in-game currencies and other NFT-adjacent tokens from Polyient Games’ portfolio startups and partner networks.
“The current reality is that the congestion of the Ethereum network is hindering the adoption of blockchain gaming and the NFT asset class. By building on Avalanche, we are able to leverage a scalable infrastructure while maintaining bridges that facilitate the seamless transfer of ERC-20 and -721 assets.” —Brad Robertson, CEO of Polyient
To kick start activity on the Polyient Games DEX, Polyient Games plans to establish an AVAX-XPGP swap market. Both holders of AVAX and XPGP will be able to trade with each other freely without the need for intermediaries. AVAX is the base unit of account in the Avalanche network, provides the base security guarantees, pays for network fees, and provides a wide suite of utility services. Ava Labs sold 42 million dollars (USD) of AVAX during its public sale in July.
Liquidity for the AVAX-XPGP market and others like it will be decentralized, meaning 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.
“NFTs and blockchain gaming are growing rapidly, and we’re excited to welcome one of the most exciting projects leading the evolution of these segments. With Avalanche as its foundation for its new DEX, Polyient and its marketplace of NFTs will be able to grow without limits.” — Kevin Sekniqi, Co-founder of Ava Labs.
Moving forward, Polyient Games and Ava Labs will work closely together to further develop the bridge between Ethereum and Avalanche to facilitate the next generation of blockchain gaming projects, while exploring unique DeFi use cases for the NFT asset class.
Pre-registration for the upcoming PGFK sale is now open. The more PGFKs a user holds, the quicker they will be able to convert their holdings into XPGPs to participate in the Polyient Games DEX.
About Polyient Games
- PGFK Voucher Sale Pre-Registration
- Discord
- Website
- Blog
- PGFK Sale and Rewards Information
- XPGP Economics Information
- PG Ecosystem Partner Application
About Avalanche
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
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