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PancakeSwap launches gaming marketplace! Cross-ecosystem support attracts 1.5 million players monthly

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PancakeSwap launches gaming marketplace! Cross-ecosystem support attracts 1.5 million players monthly

The decentralized exchange (DEX) PancakeSwap focuses on expanding into the GameFi sector, and announced the launch of a gaming marketplace that supports over 9 blockchains. Game developers will be able to directly build, publish, and update games on the platform, attracting a potential of 1.5 million monthly players. However, it seems that the GameFi industry still has a long way to go in the summer.

PancakeSwap Launches Gaming Marketplace

PancakeSwap announced on the 15th the launch of a gaming marketplace, providing game developers with a versatile platform to design, release, and update games directly.

The official Blog states that the platform will support blockchains such as Ethereum, BNB Chain, Polygon zkEVM, zkSync Era, Aptos, Arbitrum One, Linea, Base, and opBNB, allowing developers on these networks to design and release games on the marketplace.

Furthermore, developers can utilize tokens and NFTs within the CAKE ecosystem to enhance player experiences and explore new profit models.

Potential Daily Players Up to 1.5 Million

Currently, two games are available on the marketplace, including the first GameFi game "Pancake Protectors" developed in collaboration with Mobox in May this year, and the casual city-building game "Pancake Mayor," with the former claiming to have had over 25,000 daily players at its peak.

PancakeSwap Launches Tower Defense Game, Offering 10,000 CAKE Tokens to Attract Players

The PancakeSwap team stated:

With PancakeSwap's vast user base, you can reach a potential monthly player base of up to 1.5 million, whether your game is already highly anticipated or the next rising star waiting to be discovered, we are here to amplify your influence.

Rapid User Attrition in GameFi Projects

GameFi, once considered a promising sector poised for success, saw projects like last year's Move to Earn game STEPN garner high expectations, attracting significant attention to the market's development.

Previously, popular blockchain games like Axie Infinity and Illuvium were among the best-performing tokens in the 2021 bull market. However, with both token prices and user numbers declining, the communities have gradually dwindled.

Two recent comprehensive reports from Paradigm and Footprint highlighted that despite the capital and startup markets in the Web3 gaming industry continuing to grow, the consumer market has not kept pace; with over 73% of gaming projects having fewer than 10 monthly active users.