- Blockchain P2E games have so far changed the online gaming industry.
- Penguin Karts is one such game that generates monetization by high utility PGK tokens.
- All the PGK token holders can use the staking feature to generate annual yields.
Blockchain has changed gaming platforms. Play-to-earn (P2E) games powered by crypto tokens and NFTs have given back control to players, enabling them to monetize their skills and game time.
In a traditional game dynamic, the game publishers have complete control over all the titles, making it extremely challenging for an average gamer to find ways to start making money. NFTs and cryptocurrencies, on the other hand, have enabled developers to build games where gamers truly own their in-game assets and also have a say in a game’s dynamic. Gamers also have the option to sell their in-game assets on secondary marketplaces for digital currencies with real monetary value.
This is all thanks to the peg of DeFi and P2E games as it adds another layer of opportunity for gamers. On P2E, players can stake their NFTs and enjoy passive income even when they’re not playing the game. In short, P2E games truly put players in the driver’s seat and let them make the most of their gaming experience.
Penguin Kart aims to create a similar game economy with our native token $PGK and provides the players with the most immersive gaming experiences.
Penguin Karts Racing Has Arrived
Penguin Karts is now an emerging and rising project in the play-to-earn ecosystem. Penguin Karts showcases the true potential of P2E games that not only create monetization opportunities for players but are also fun to play. We believe that the fast-paced, simple concept of racing — similar to Mario Kart — used in Penguin Karts will win over gamers from both Web2 and Web3 worlds.
Even our NFTs and native token $PGK carry high utility and add immense value to our holders. Currently, all $PGK holders can use our staking feature to generate annual yields of up to 2400% while we are still working on adding an NFT staking feature. Over time, we aim to find a sustainable APY that creates a consistent passive income source.
Penguin Karts has the vision to become the leading onboarding vehicle for non-crypto users in the GameFi space. The gaming platform strives to remove as many entry barriers as possible for players and allow them to smoothly surf this space.
For starters, the game promotes super-low gas prices by leveraging the Fantom blockchain while still keeping the essence of the largest GameFi network Ethereum alive in the game. In fact, Penguin Karts launched the first, free-to-mint 2D NFT collection on Ethereum which is available on OpenSea.
Apart from NFTs, the $PGK token plays a crucial role in expanding the game’s functionality within the Penguin Karts ecosystem. Users can use $PGK tokens on the marketplace to buy NFTs that they can use while racing. Players can also use the tokens to pay for tournaments and special event pools.
Apart from its in-game utility, $PGK also plays a critical role in the game’s governance. Owners of the token get voting rights and can engage in voting to choose new tracks, themes, and other updates to Penguin Karts.
Moreover, the platform has completed IDO fundraising rounds on many well-known launchpads, including SEEDIFY, KingPad, BullPerks, GamesPad, Paragen, TrustPad, NFTPad, FantomStarter, and VulturePeak. On 23rd March, the $PGK token went live and is currently trading with the PGK/USDC pair on SpookySwap. Players can also find it on CoinMarketCap. With that, Penguin Karts have officially completed the second phase of our roadmap.
what comes next?
The team behind Penguin Karts is almost done with the initial development of the game and expects to launch the beta version of it soon. Furthermore, the 3D NFT collection is also ready to go live in April, and with both collections live, holders will also have access to NFT staking.
We can’t wait for you all to witness the gameplay on the beta version and share your valuable feedback. Trust us, it’s coming sooner than you think. Until then, join our discord community and never miss an update of Penguin Karts.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.