If you’ve been following the blockchain gaming and NFT ecosystem in the past few months, you’ve probably come along a company named Polyient Games. They’ve recently partnered with The Sandbox and Gala Games, and they acquired that 800 thousand dollars citadel for Mirandus. At the heart of their ecosystem is their own PGFK token, but as a whole their ecosystem is quite complex. I’ve taken some time to dive deep into it, and ask them some much needed questions.
Polyient Games describes itself as an investment firm for the blockchain gaming and non-fungible token industries. They are also building the Polyient Games Ecosystem, which aims to bring together participants of NFT market. “The complexity is high right now, as we are developing completely novel systems, but we are confident that users of all levels will soon be able to enter the Polyient Games Ecosystem and find the path for them”, Craig Russo from Polyient Games told us.
Polyient Games Ecosystem (PG Ecosystem) is a collaborative platform that aims to bring together all participants in the NFT market, ranging from blockchain games and major blockchain networks to NFT collectors and gamers. However, they have PGFK, xPGFK, PGT, PGU, Cargo Credits and many more tokens within their platform. According to Russo users can choose their own path in their ecosystem depending on their level of participation.
Our goal is that this token economy, combined with our other ecosystem offerings and core investment activities, will serve as the bedrock for existing and future blockchain gaming/NFT projects to drive liquidity, interoperability, and user access.
Craig Russo, Polyient Games
Looking at each of the tokens
PGFK token – The PGFK token started all this. It’s a reward and membership NFT that generates PGU as a reward. Polyient Games sees the PGFK token as the key to unlock certain NFT experiences. However, the PGFK itself is a bit of a passive token. Users can fractionalize their PGFK token into 1000 xPGFK tokens. There are only 20 thousand PGFK on the market. Which means there’s a hard cap of 20 million xPGFK. Ultimately it will be possible to swap 1000 xPGFK back to one PGFK, but that will be a weaker version with reduced reward properties.
xPGFK token – The xPGFK tokens are available as a trading pair on the Polyient Games Decentralized Exchange, or PG DEX in short. Here Polyient Games is creating an ecosystem for blockchain gaming economies. Small Love Potions from Axie Infinity, GHST from Aavegotchi, MATIC and UNI from Uniswap are among the available tokens. As I mentioned earlier, they partnered with The Sandbox and Gala Games. Therefore there are liquidity pool for SAND and GALA. However, the pools are not against xPGFK, but against PGU.
PGU token – PGU is the Polyient Games Unity Token, which is meant as a standard for liquidizing all kinds of NFTs across different chains. Ultimately PGU needs to bring liquidity to lots of projects. Most PGU goes to staking rewards, but some of it also serves as a reward for liquidity providers in the decentralized exchange. “We are building PGU into becoming the standard unit of liquidity for the entire NFT market”, Russo said. Which brings us to PGT.
PGT token – PGT is a governance token that gives the owner voting power. These PGT tokens were distributed to holders of the PGFK token during a pre-sale. These governance tokens are used for voting power on decisions within the ecosystem, like for example adding certain tokens to the exchange. In the future there will be a decentralized autonomous organization, and then users need to stake their PGT in order to participate in governance decisions. These stakers will earn a portion of the DAO treasury.
Let’s try to summarize
The PGFK token generates PGU, and if you bought PGFK at launch you’ve also received PGT to vote on governance decisions. PGU is the main token on the platform, which connects to all game currencies on the exchange.
In addition participants in the Polyient Games ecosystem will find other tokens, like for example GEM and Cargo Credits. There two belong to Cargo, a sister company aimed at the creation of new NFTs. It’s very likely that more companies will tap into the Polyient Games ecosystem in similar ways in the near future. These tokens are not part of the Polyient Games ecosystem!
From Ethereum to Cross-chain
Right now the Polyient Games ecosystem exists solely on the Ethereum blockchain. Obviously the service is hampered by high gas fees, as we’re seeing across the entire Ethereum ecosystem. However, Polyient Games seems very serious about moving their ecosystem all-across the blockchain industry. Russo admits that Ethereum will remain at the heart of everything, but they are talking to layer-1 and layer-2 partners. This potentially means that we will see layer-1 blockchains like Flow and Wax joining the ecosystem as well as layer-2 solutions like Matic Network.
“I firmly believe in the vision of interoperability across networks, but Ethereum will continue to be the core hub of liquidity and user onboarding in this industry for the foreseeable future.”
Craig Russo, Polyient Games
Polyient Games & Gaming
Blockchain games use non-fungible tokens to give players ownership over in-game assets. According to Russo these NFTs adds a very interesting layer to traditional concepts within decentralized finance. “We will continue to experiment with offerings, like for example the NFT mining program with The Sandbox”, he mentioned.
One of the things Polyient Games is actively involved in, is Mirandus. This upcoming MMO from Gala Games will feature an in-game banking system. Polyient Games will take care of the in-game vaults where players can store their game items, while also building the economical layer of the game world. It’s not without reason that they acquired the Citadel of the Sun for 800 thousand dollars. They want to take the gamification of decentralized finance to the next level, adding ‘a whole new twist on NFTs and DeFi’.
EDITOR – Article updated 21/1/2021 to reflect PGU also can be earned as a rewards for providing liquidity on the PG DEX.
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