PancakeSwap announces the date to launch the new NFT marketplace, which also features the minting of its NFT collection.
PancakeSwap Set to Launch NFT Marketplace
PancakeSwap is set to add another feature to its protocol. The most used Decentralized Exchange (DEX) on Binance Smart Chain (BSC) plans to launch a Non-fungible token (NFT) marketplace, alongside its own NFT collection on September 22nd.
The DEX aims to join the moving NFT train by launching its NFT collection and marketplace on BSC. PancakeSwap broke the news via Twitter on September 8th. As reported in the tweet, the NFT collection known as Pancake Squad will be exciting for users.
“We’re aiming to launch the first version of #PancakeSwap’s NFT marketplace and minting of the #PancakeSquad NFTs on September 22nd,” PancakeSwap wrote, announcing the date for its latest innovation. “All feed from the NFT marketplace and #PancakeSquad will be used to buyback & burn $CAKE. Not gonna lie, I am very excited. Are you?”
News for the NFT launch continues to drop. Last week, on 5th September, BSC.News reported the news of leaked Pancake Squad images on Twitter. According to the report, about five images of the NFT collection were leaked. A total of 10,000 NFTs will be created, and minting will begin on 22nd September. Also, users will need PancakeSwap’s $CAKE tokens to mint Pancake Squad NFTs.
NFT Frenzy Continues
PancakeSwap’s incoming NFT marketplace launch shows that the BSC-based protocol is interested in the growing NFT ecosystem. Moreover, the latest development promises to add to NFT interest, particularly on BSC. PancakeSwap is the largest DEX on Binance Smart Chain, and it is expected that the demand for Pancake Squad will be very high.
It is expected that a large chunk of users will welcome the latest innovation by the DEX. Binance Smart Chain also approved the new development as the network replied to PancakeSwap’s September 8th tweet.
“What?!” Binance Smart Chain’s reply expressed shock and anticipation. “@PancakeSwap NFT marketplace launching September 22.”
Now, the NFT marketplace is highly anticipated by $CAKE holders eager to mint Pancake Squad NFTs. In addition, the entire Binance Smart Chain community looks set to approve PancakeSwap’s latest activity. So the date is set, time is ticking, and the massive NFT frenzy on BSC will commence.
PancakeSwap is a DEX built on BSC. It offers users various features such as Liquidity pools, swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering, NFT profile system, and many others. The protocol also helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BSC.
Source : bsc.news
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