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Vandana Malik
Jul 30, 2020
by Vandana Malik

Polyient Games Partners With Ava Labs To Launch Decentralized Exchange

Polyient Games
Polyient Games has recently teamed up with Ava Labs in order to launch the Decentralized Exchange (DEX). This Decentralized Exchange will be specially launched for the crypto collectibles. Ava Labs is the development team behind the Avalanche blockchain, an open-source platform.

The latest non-fungible token (NFT) exchange which will be backed by Ava Labs will be made available at the marketplace of Polyient Games. It has also been mentioned that to power the exchange, the utility and rewards token of the firm will be used, which will act as a base currency.

For all the NFT pairings, auctions and sales on the exchange will be done using the base currency only. The pre-registration for the PGFK token sale of the firm has also been opened. 

Brad Robertson, chief executive of Polyient Games believes this to be a great step for the firm to develop the exchange on Avalanche blockchain. Through this, the firm will be able to maintain the bridges for the seamless transactions of ERC-20 and 721 tokens.

Ava Labs issued $54M in AVAX tokens

About a week ago, Ava Labs was able to raise around $42 million in a public raise. Back in the previous month, the firm has also issued around $54 million in AVAX tokens.

In the announcement, the details about the first market of DEX of Polyient Games have also been mentioned. It has been specified that the first market of exchange will be for trade between the XPGP and AVAX token. This is going to be a huge step for both the firms through this partnership between them. Not only the firms but will also benefit the token holders with a lot of features.

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    Polyient Games Partners With Ava Labs To Launch Decentralized Exchange
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

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