Binance-based decentralized exchange, PancakeSwap, is taking a jump into the NFT realm by launching its own custom marketplace. To mark the occasion, it is also releasing a collection of rabbit-themed digital assets.
Later this month, PancakeSwap will launch its native NFT trading platform, promising to be the premier vendor of Binance-based non-fungible assets. The team is ready to usher in a new era of dessert-themed transactions.
The new platform centers around the native $CAKE token, which is required to mint the NFTs. Furthermore, PancakeSwap will use all fees charged within the marketplace to buy back and burn $CAKE, in order to provide further liquidity. Purchases on the platform however, will take place using $BNB and $WBNB.
To commemorate the launch of the new marketplace, PancakeSwap will introduce its own collection of “Pancakesquad” NFTs. Consequently, a whole menagerie of cake-themed bunnies is about to descend on the Binance Smart Chain.
To describe PancakeSwap’s rise as meteoric is something of an understatement. From humble beginnings, the platform is now arriving at its first birthday and has already become the de-facto decentralized exchange on the Binance Smart Chain. With an entire arsenal of DeFi tools at its disposal, they are seemingly unstoppable.
The new marketplace will launch on September 22 and in unison the Pancake Squad will make their debut.
Want more? Connect with NFT Plazas
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Decentralised human, Explorer, Adventurer.