In a short space of time, Non-Fungible Tokens (NFTs) have managed to become far more than just standalone digital collectibles or art creations. This week Coinburp is delighted to announce that CoinBurp are partnering with Polychain Monsters, an NFT project with a DeFi twist.
Monster Appeal
Polychain Monsters (formerly known as Polkamon) offers beautifully animated NFTs, which can be unpacked from digital booster packs with $PMON on Ethereum and Binance Smart Chain. Each booster pack includes three Polymon with randomly selected traits such as type, color, horn, and a glitter effect. Each attribute differs in rarity, which makes some combinations extraordinarily scarce and desirable. The animated digital monsters are not only pretty adorable.
As previously mentioned, there’s a DeFi twist to this project which gives these NFTs a rather unique set of use-cases, positioning Polychain Monsters as an ambitious project with practical application.
Firstly, the platform is going to feature a highly liquid swapping mechanism that makes it easy to swap out NFTs for the platform’s native token $PMON, and vice versa. Additionally, $PMON can be staked which enables the possibility to earn rewards on each swap.
Moreover, $PMON is hyper-deflationary, which means that every swap on Polychain Monsters triggers the platform to burn $PMON, increasing the scarcity of $PMON and their NFTs. Perhaps the greatest thing about Polychain Monsters is the company’s vision for the utility of NFTs; they’ve built a platform on which NFTs are interoperable, meaning that collectibles are transferable cross-chain, allowing them to be utilised on other blockchain games and platforms.
It’s no wonder that Polychain Monsters are already being traded on secondary marketplaces such as OpenSea for up to $50,000. Additionally, the collection gets constantly expanded by special-edition drops alongside partnerships with projects like ChainLink, Elrond, and Polygon.
With a large number of blockchain-based video games and art platforms now emerging, it’s promising to see that Polychain Monsters is thinking quite far ahead. Envisioning an interconnected digital metaverse where NFTs can thrive on numerous blockchains such as Ethereum, Binance Smart Chain, Elrond, and Polygon, whilst integrating with on-chain connected products.
The project was formerly known as Polkamon, but rebranded to Polychain Monsters to better reflect the team’s intentions for a multi / cross-chain collectible and gaming ecosystem.
Team Play
“As part of our collaboration, we’re excited to be offering CoinBurp users exclusive NFTs from Polychain Monsters who mutually share in our mission to bring NFTs to the mainstream through technological innovation and community spirit.”
Polychain Monsters has significant potential in that it wishes for its NFTs to have cross-chain universal utility; no matter which virtual blockchain world you decide to house your NFT collections, they have flexibility and purpose beyond that of your typical NFT art and digital collectibles on the market..
CoinBurp are excited to partner with Polychain Monsters, and invite you to join!
Head on over to Polychain Monsters here to see what all the buzz is about, and be sure to check out a pretty cool product — the CoinBurp DeFi/NFT Wallet.
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Polychain Monsters Links
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