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Playcent plans to revolutionise the NFT ecosystem by acquiring India’s largest NFT marketplace, Polkarare

Polkarare founder Pramod Mahadik has joined Playcent’s advisory board.

Both tokens will coexist, with $PCNT serving as the Playcent metaverse’s utility token and $PRARE powering the NFT marketplace.

The exploding popularity of non-fungible tokens (NFTs), which are digital works of art in the form of an image, video, or even land in virtual worlds, is bringing the physical and digital worlds closer together. According to a new estimate from blockchain analytics firm Chainalysis Inc., the trading volume of non-fungible tokens (NFTs) will exceed $40 billion in 2021 alone. This figure is expected to exceed $80 billion by the end of 2023.

Keeping this in mind, Playcent, a decentralised play-to-earn gaming platform, acquired Polkarare, India’s largest NFT marketplace. The deal’s terms were not disclosed. Mr. Pramod Mahadik, the founder and CEO of Polkarare, joins the Playcent team as a technical advisor as part of the deal.

Polkarare is an Ethereum-based web3 economy for unique and scarce digital assets that allows users to create, trade, and discover NFTs. Polkarare offers novel features such as a multi-chain NFT marketplace, NFT-collateralized loans, and an NFT price discoverability protocol.

Both platforms will continue to have tokens, with $PCNT serving as the utility token for Playcent Metaverse and $PRARE powering the NFT Marketplace.

Playcent and Polkarare intend to revolutionise NFTs through this merger by democratising access to minting and purchasing NFTs. Playcent claims that this deal will significantly improve the experience of buying, minting, and selling NFTs on its marketplace, and they are very excited about it.

Playcent is an NFT marketplace as well as a platform for hyper casual gaming. Playcent has created an amazing play to earn technology, and users are already enjoying the platform’s beta version. Now, Playcent is shifting its focus to the metaverse with its play to earn platform, with an early version expected to launch in the coming months.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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