Polyient Games shatters record with an $800K non-fungible token (NFT) sale; partners with Gala Games
Bitcoin is the rage these days. As Bitcoin surges past $30,000, the world’s most popular cryptocurrency is getting the attention of everyone around the world. However, non-fungible token or NFT is a term you’ve probably never heard of. Simply put, NFT is a special type of cryptographic token which represents something unique.
Unlike cryptocurrencies like Bitcoin and many networks or utility tokens that are fungible in nature, non-fungible tokens are thus not mutually interchangeable. NFTs are used in several specific applications that require unique digital items like crypto art (rare art), crypto-collectibles, and crypto-gaming.
This leads us to Polyient Games, the first fully functional decentralized gaming economy adding liquidity to digital gaming assets. Polyient Games is a unique investment ecosystem focused on the NFT and decentralized finance (DeFi) markets. Polyient’s portfolio includes both equity and tokens from leading NFT and DeFi startups. A subsidiary of investment group Polyient, the Polyient Games Ecosystem is changing the way gamers and investors interact with non-fungible tokens (NFTs).
Today, Polyient announced it has just completed the largest-ever purchase of a single NFT, closing on ‘the Citadel of the Sun’, an NFT valued at $800,000 from Gala Games. This purchase places Polyient Games at the core of the financial layer within the World of Mirandus, the leading decentralized game developed by Gala Games.
With the purchase, Polyient Games steps into the role of the main financial layer within the World of Mirandus. In Mirandus, the Polyient Banks will allow players to safely deposit and store in-game representations of their NFTs and in-game currencies.
In Mirandus, every player will want a space to store valuables they do not have room for in their backpacks. If a player has a deed or building, then they will always have their own storage in-game. However, with a limited quantity of these NFTs available, users will need somewhere to place their valuables so as to not risk them when out adventuring — making the Polyient Banks an integral component of the player experience in the upcoming virtual world.
As a Massively Multiplayer Online Role-Playing Games (MMORPG), Mirandus features in-game storage for rare collectible items. As players will need to securely stockpile their loot, Polyient Games will now provide a bank that will enable users to deposit and store in-game representations of their NFTs and in-game currencies.
“Since launching Polyient Games in early 2020, we have been leading the charge to develop the NFT asset class as a true alternative to traditional cryptocurrencies,” says Brad Robertson, the Polyient CEO. “Our latest investment in the Gala Games token economy further underlines our commitment to establishing these new standards in the emerging digital economy.”
Using Polyient Games’ ecosystem, developers and gamers can interact and exchange NFTs from different gaming worlds on the Polyient DEX, adding liquidity to decentralized gaming. This will allow the players of Mirandus to derive real-world value from their NFTs, and ultimately connect gaming universes. Other games already interacting in this ecosystem include The Sandbox, Axie Infinity, Blockchain Cuties, Neon District, and Dissolution.