Will PancakeSwap's NFT Marketplace send the $CAKE cryptocurrency to the firmament?

The PancakeSwap (PCS) team has just announced on Twitter that the platform will be ready to launch its long-awaited NFT marketplace very soon. The PCS ecosystem is growing, and the Dapp does not want to miss the hype around NFTs. Good news for the CAKE token?

The rabbit puts on yet another hat.

It is the most used and best known Dapp in the Binance Smart Chain (BSC). The DeFi PancakeSwap platform is a decentralized exchange (DEX) using an AMM (Automated Market Maker). There is also the possibility of Farmer and Stacker, as well as the possibility to participate in ICOs or to play the lottery with CAKE and BNB.

All that was missing from the platform was an NFT marketplace, and that will be done in a very short time:

“We aim to launch the first version of the #PancakeSwap NFT marketplace and the #PancakeSquad NFTs on September 22. All fees from the NFT and #PancakeSquad marketplace will be used to redeem and burn $CAKE
I’m not going to lie, I’m very excited. Are you too? “

Official PancakeSwap Twitteraccount

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YES! It will take CAKE to MINT NFTs!

For those who have not yet entered the incredible world of NFTs, “MINT” means “Strike” just as we would say in French “Frapper la monnaie”. It is the process by which a digital artifact (photo, music, video, .GIF etc.) becomes part of the blockchain. In this case the blockchain initiated by Binance, the Binance Smart Chain.

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It is important to understand that each NFT has a signature that cannot be spoofed, so it is impossible to duplicate.

This is a feature that is very much in demand by BSC users, which does not yet have a proper NFT marketplace. There are indeed a few apps that allow you to trade NFTs, but nothing like the incredibleOpenSea marketplaceon Ethereum, which is a global secondary marketplace for all NFT resellers.

The team’s second Tweet got just as much traction as the first:

Indeed, you will have to pay a fee in CAKE tokens (the platform’s governance token) to be able to mine your NFTs on the marketplace (the exact price is not yet disclosed). Moreover, PancakeSwap has already announced that all CAKE tokensThis is a great news for all the NFT fans around the world, but also for CAKE holders.

This is great news for all NFT collectors around the world, but especially for CAKE holders.

We still know very little about this new feature, but it will undoubtedly be a great success considering the daily volume of the app, which far exceeds all its competitors on the BSC. Moreover, PancakeSwap is not the only one trying to take advantage of the hype around NFTs. Recently the ICP crypto project offered 10,000 free NFTs! Don’t wait any longer to take advantage of this great gift!

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