PancakeSwap Readies Phase 2 of its NFT Marketplace

Phase 2 is coming to PancakeSwap’s NFT Marketplace with 100% minted collections after a resounding success of Phase 1

By
Chung Yee
on
October 14, 2021
Category:
BSC News

Calling All Creators

The first two launches by PancakeSwap’s Non-Fungible Token (NFT) Marketplace showcasing its own digital collectibles were well received by the community. The team now readies itself for a new endeavor, Phase 2 of the marketplace.

The focus on Phase 2 centers on third-party Binance Smart Chain (BSC) NFTs. Collection owners can start to list their collections in the marketplace to be traded. 

“[T]he Upcoming section, so we want to be specific this time. We’re mostly focused on rolling out the NFT market for now: we know you guys are mad for NFTs. And what’s more, it should also contribute significantly to our CAKE burning mission…” reads the announcement by the PancakeSwap team on its official Twitter account.

Creators can now apply by filling up this form to sell their collection, earn royalty and gain visibility for their project once Phase 2 goes live. Phase 2 is estimated to be rolled out in Q4 of 2021. The entire NFT market on BSC is heating up, and PancakeSwap is in a good position to lead the way into 2022.

Source: Creators can apply to list their collection after finalizing the metadata and contract.

Listing on PancakeSwap NFT Marketplace

The PancakeSwap team listed a set of guidelines to facilitate the listing exercise. Creators are expected to follow Opensea’s metadata standards. ERC721 is the preferred token standard for NFTs that can be listed on PancakeSwap’s NFT Marketplace. Creators can apply by completing the form after finalizing the metadata and contract.  

NFT is fast becoming an integral part of the crypto ecosystem as more utilities are built on it. The team is currently working on introducing more NFT utilities to drive more value to its present platform. 


About PancakeSwap

PancakeSwap is currently the leading dApp on the Binance Smart Chain (BSC). Launched on September 22 last year,  this platform is now the leading AMM and yield farm on the Binance Smart Chain network. It currently has $22 billion in Total Value Locked (TVL).

For more information about the project:

Website | Twitter | Medium | GitHub | Discord | Telegram |

Tags:
Chung Yee

Chung Yee has a legal background and has been involved in research works for the legal and compliance industry. Writing is his passion, centered on topics such as the blockchain and finance. His largest crypto holdings are Solana, Ethereum, and BNB Token.

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