Place/Date: - February 11th, 2022 at 2:00 am UTC · 3 min read
Contact: AscendEX, Source: AscendEX
Polka City was designed to be a key component within the rapidly growing NFT space, unifying elements of digital assets, blockchain technology, gamification, and tokenomics to create an ecosystem powered by Ethereum’s industry-leading smart contract functionality. The platform provides mutually beneficial relationships among digital assets, asset holders, and Polka City users.
Polka City aims to revolutionize the ownership of digital assets by introducing protection and enduring value for digital asset owners through NFTs. NFTs provide investors with trust in the authenticity of their purchased products. Polka City aims to leverage NFTs to bring investors the benefits of blockchain technology to a vast network of digital assets and gamification technologies. The project offers a vibrant digital asset ecosystem of creation, collecting, and trading.
By leveraging digital collectibles’ growing popularity, the project will be one of the first to integrate a digital economy with a gamified virtual city economy, creating a unique business model. Polka City will be one of the biggest platforms in which original owners of digital assets can sell lifetime licenses to buyers through tokenization. They are applying NFT technology to construct a business model that will mutually benefit both asset owners and consumers.
Initially, Polka City was built as an ERC20 contract-based solution running on the Ethereum Network. However, they later plan to become a multichain solution by integrating the Polkadot blockchain. Their multichain implementation will enable the platform to aggregate decentralized cross-chain trades. The native token POLC will be the main currency for virtual asset tokenization, collection, and trading within its ecosystem.
AscendEX is pleased to partner with Polka City and continues its support of growth of the NFT and GameFi spaces.
AscendEX is a global cryptocurrency exchange with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
Polka City was designed to be a key component of the NFT market, unifying elements of digital assets, blockchain technology, and tokenomics to create an ecosystem powered by Ethereum’s industry leading smart contract functionality. The platform provides opportunities for mutually beneficial relationships between digital assets, asset holders, and Polka City users.