PancakeSwap Seeks NFT Creators for New Marketplace

Creators can now begin applying for the marketplace with their own NFTs.

By
Anirudh Tiwari
on
October 6, 2021
Category:
BSC News

An Opportunity for NFT Creators

The most prominent decentralized application (dApp) on the Binance Smart Chain (BSC), PancakeSwap’s Non-fungible Token (NFT) marketplace, is now accepting applications from NFT creators to list their collections under phase 2 of the marketplace.

In this phase of the NFT market, owners of the collections will be able to list their collections for holders to buy and trade on the marketplace. Creators would earn royalties on any trades on PancakeSwap and would also benefit from the visibility that the marketplace boasts of. 

PancakeSwap highlighted a few guidelines through a Twitter post for the creators looking to apply:

  • Metadata on IPFS
  • Follow Opensea Metadata Standards
  • ERC721 Preferred
  • Apply AFTER finalizing metadata + contract

Even though, the launch date for these collections is not confirmed. They are slated for release in Q4 2021. However, realistically there is a chance that the timeline might not be adhered to as their highly anticipated NFT marketplace was due for a launch in September but that launch was delayed to the first week of October. 

Image
One of the teased NFTs | Source

As reported previously by BSC News, the PancakeSquad NFT Presale to Gen 0 holders is set to go live on Oct. 7. For added excitement, the Decentralized Exchange (DEX) teased the PancakeSquad launch on Twitter on Oct. 6th, a day before the release for Gen 0 holders at 04:00 UTC the next day.

About PancakeSwap

PancakeSwap is currently the leading dApp on the Binance Smart Chain (BSC), as per the data from DeFiStation. It uses an Automated Market Maker (AMM) model instead of a traditional order book used by centralized exchanges. As one of the top decentralized exchanges (DEXs) across various blockchain network, PancakeSwap has a total value locked (TVL) of $14.09 billion as of 6th Sep, more than two times that of UniSwap, the leading DEX on Ethereum. 

For more information about the project:

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

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums. His largest holdings in crypto are Ethereum, Cardano, and Polkadot.

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