Playcent Acquires India’s Largest NFT Marketplace, Polkarare

With the exploding popularity of the non-fungible tokens (NFTs), which are digital pieces of art in the form of an image, video, or even land in the virtual worlds, the convergence of the physical and digital world is getting closer. In 2021 alone, the trading volume of non-fungible tokens (NFTs) surpassed $40 billion, according to a new estimate from blockchain analytics firm Chainalysis Inc. This is expected to increase to more than $80 billion by the end of 2023.

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

Polkarare is a web3 economy for unique and scarce digital assets built on Ethereum that allows users to create, trade, and discover NFTs. Polkarare has innovative features like multi-chain NFT marketplace, NFT-collateralized loans, and NFT price discoverability protocol.

Both platforms will remain to have tokens where $PCNT will be the utility token for Playcent Metaverse while the $PRARE will power the NFT Marketplace.

With this merger, Playcent along with Polkarare intends to revolutionize NFTs by democratizing access to minting and buying NFTs. Playcent claims this deal would help them improve the experience of buying, minting, and selling NFTs on its marketplace drastically and is very much excited with this deal. 

Playcent is an NFT marketplace and a hyper-casual gaming platform. Playcent has developed an astonishing play-to-earn technology where the users are already enjoying the beta version of the platform. Now, Playcent is pivoting to metaverse with its play-to-earn platform and is expecting to launch an early version in the upcoming months.