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- PolkaCity is a metaverse project that uses NFTs and DeFi to create a marketplace for inventors to invest in digital assets using the POLC token.
- The PolkaCity 3D and AR game is set to launch at the end of December. The platform has released several demos of the game.
- The game also serves in-game pieces of land called metaplots that could be bought for a specific amount of POLC. However, all POLC tokens haven’t been released yet but are set to release some with the launch.
Cryptocurrency, NFTs (Non-Fungible Tokens), DeFi (Decentralized Finance), and DAO (Decentralized Autonomous Organization) are some of the most prominent words for today’s digital economy. Without understanding these terms, no investor can use the digital economy to earn meaningful profits. The same happens with metaverse. Metaverse is a virtual world where every investor uses every possible investment opportunity to make money. The investments done in metaverse do not require any paperwork or filling of forms and simultaneously offer investors a reasonable earning.
A metaverse with all features mentioned above is what the team behind PolkaCity aims to achieve.
The PolkaCity Project
PolkaCity is one of the best projects of all time that uses the abilities of Polkadot, decentralized finance, and NFTs to build a marketplace where all investors can make investments in various digital assets all in one platform. The project showed its value by acquiring $50 million volume every day and doing 40 times from the dip.
PolkaCity is a metaverse and the world’s first-ever 3D and AR (augmented reality) NFT multichain platform. The project stands on the constantly growing abilities of the metaverse, NFTs, and DeFi to create a virtual city for investors to invest their resources in and earn a reasonable ROI (return on investment). The project also has enormous support from the virtual reality community, VR, and AR games. Using the combined capabilities of NFT, DeFi, and Polkadot, the team responsible for PolkaCity has managed to transform virtual reality and gaming ecosystems.
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The PolkaCity Game
PolkaCity is set to launch its virtual city metaverse game on 31 December. Setting up such a virtual city aims to eliminate unwanted processes and paperwork from investments made by investors and serve as a return for all their efforts. The game will allow players and investors from all around the world to invest in various assets, including luxurious hotels, suites, gas stations, taxi services, and other crucial services. Every digital asset will be represented by an NFT. As the virtual city grows, by combining various DeFi elements, holding an NFT that represents digital assets will give players and investors a return in the form of weekly payments.
Video Demos
PolkaCity has posted some good-quality videos of gameplay demos and added features. The demo videos show the virtual city built on an island with numerous buildings, houses, streets, parks, and a lot more. The buildings that are NFT have been highlighted by the brand’s theme color. One can walk, run and interact with the in-game environment.
A detailed demo shows the game starting with Polkaworld title and view of the island from above, a user can create or join a server, and the max limit of a server is set to 16 for now. One gets to select and customize its avatar completely, from hair color to shoes. Players can spawn their owned NFT vehicles such as Bugatti from Kiosk and drive them around the island. The demo also shows the interaction of going to a disco and streaming videos with other players. Another feature lets the user purchase pieces of land on the island named Metaplots with serial numbers and prices mentioned on them, all being different sizes, such as Metaplot 105 for sale at 10,000 POLC.
The most recent video shared by PolkaCity shows the player interaction of spawning a car named LamboAvent and driving it around, going to the disco, and streaming videos.
The POLC Token
The PolkaCity project has a native token called the POLC, also the in-game currency. PolkaCity (POLC) has been listed on various exchange platforms, including KuCoin, MXC, Bitget, Bittrex, BKEX, Gate.io, Uniswap, ZT Exchange, PancakeSwap, and many more. The token has had an average trading price of $0.9288 in the past week, with an all-time high of $2.89 and an all-time low of $0.0437. The token is currently trading at $0.8682 (at the time of writing) after facing a downtrend of 9.59% in the last 24 hours. The platform itself has explained the token supply and distribution.
The POLC token has a max supply cap of 250 million, of which 8.7 million are already in the circulating supply. The circulating supply count is taken from self-reported data by PolkaCity.
25 million POLC tokens have been used for Uniswap liquidity and exchange listings. The token sale sold 10 million tokens, of which 7.5 million were sold in the pre-sale when 15,000 POLC could be bought for 1Eth, and 2.5 million were sold in the private sale when 20,000 POLC could be bought for 1Eth. Another 10 million tokens have been locked for 6 months by the team behind PolkaCity, which they plan to release at a monthly rate of 5% after the lock period completes. Around 5 million tokens have been used for marketing, of which 1 million will be released at the start, and the remaining 4 million will be locked and released at a 5% rate every month. This makes a total of 50 million tokens.
The platform acquired the remaining 200 million tokens, which they plan to release 50 million at the beginning and to lock 150 million, to release 25 million tokens once every three months.
The Project’s Roadmap
The project explained its various stages and several activities in every stage throughout the year. Beginning with the stage Q1 2021, the project managed to build the DeFi NFT platform, released 3D NFT assets that are customizable, and completed its private sale in less than a minute. In stage Q2 2021, the project managed to get its token listed on multiple exchange platforms, initiated POLC token BSC integration, and developed special edition NFTs.
The creation of the PolkaCity marketplace and PolkaCity profit-sharing program (tax collector NFT asset) was launched in stage Q3 2021. The stage Q4 2021 includes expectations of launching the PolkaCity 3D game where only art galleries and discos will be earning profits, and to satisfy user interests, games inside the game will be offered.
Then comes the year 2022 with stage Q1, where other PC NFTs will be incorporated, and profits generation will initiate. This stage will also introduce neighboring cities with new assets and skyscrapers. The lending of POLC, ETH, and BNB will also take place in this stage. The next stage, Q2 2022, will bring a new continent whose plots will be open for purchasing to users for inhabiting them. The same stage will introduce new development tools for players to build their own NFTs and buildings. The final stage, Q3 2022, will only be focused on growth.
The Team Behind PolkaCity
- Carmelo Millian, the co-founder of OneCloud, who previously worked in Microsoft, leads the PolkaCity project and is the lead software developer.
- Fatih Atali, the co-founder of Blockchain Game Factory, is the project’s marketing advisor.
- Murad Aliyev is the project’s technology manager who acquires five years of experience in technology infrastructure projects.
- Manuel Leal is the project’s experienced web developer.
- Caleb Jurchisin, the general manager at Aramark Healthcare, is the project’s business development manager.
- Gregory Frank, the partner at Frank LLP, is the project’s advisor for the development team.
PolkaCity Auditing
- The PolkaCity platform has also shared its audit report. The report shows the findings of 29 errors in the audit which includes:
- 11 informational errors, i.e., language-specific, gas optimization, and coding style.
- 15 minor errors, i.e., volatile code, language-specific, control flow, dead code, and logical issue.
- 1 medium error of control flow.
- 2 major errors of volatile code.
- And 0 critical errors.
All the errors have now been resolved by the platform, with the requested date being 12 May 2021 and the revision date being 19 May 2021.
Conclusion
PolkaCity is a project that aims to create a virtual version of a real-world city. What makes it more appealing is the ability to own digital assets in the form of NFTs. Also, the project brings many hot topics like DeFi and NFTs together on one platform and turns it into a platform of 3D and augmented reality.
The project’s 3D game is set to launch on 31 December 2021, and it may fulfill the dreams of escaping to a virtual world, the metaverse. The launch will include the releasing of some locked POLC tokens, which surely will increase the use of tokens, which might even push the prices of the token to grow intensively. Or the prices may even fall further. The project might bring a revolution in the gaming industry using cryptocurrencies and NFTs. From the details shared by the platform concerning the project, it might be one of the best things for 2022 and the gaming industry. Yet, it’s too soon to predict anything.