/biz/ - Business & Finance

https://www.coingecko.com/en/coins/polyient-games-governance-token

https://www.coindesk.com/defi-nft-projects

PGT currently has a $5M evaluation and 87% of a total 20,000 tokens are in circulation.

CoinGecko is misreporting the ATH, which happened on an exchange with no liquidity. The actual ATH was $800 which gave it a market cap just shy of $14m.

All liquidity is on their own DEX, which has been built on Avalanche.

https://twitter.com/0xPolygon/status/1329267620013514752

Polyient's Polygon (MATIC) node currently has $4M TVL. As previously mentioned a percentage of the revenue generated through network nodes will be shared with the DAO treasury.

https://decrypt.co/37141/crypto-collectibles-nft-dex-avalanche-blockchain

Besides AVA labs, they are also in technical collaboration with ChainLink.

https://cryptoslate.com/chainlink-link-oracles-to-power-nft-based-blockchain-games-on-polyient/

https://www.youtube.com/watch?v=M1fHerOY_Ek

https://blog.gala.games/gala-games-and-polyient-games-join-forces-to-shatter-record-with-an-800k-nft-sale-8288b874cb83

Like most other MMORPGs, characters in the game of Mirandus will have limitations on what they can carry. Even though a player might have a number of NFTs attached to their account, their character won't be able to keep all of them equipped and in inventory-there will be a powerful need for in-game storage of items. This need will be serviced by the Polyient Vault. Additionally, the Polyient Vault will provide a point of interaction with other financial-layer services within the world of Mirandus, such as item lending, DeFi, and other services.

In the world of Mirandus, it’s good to be the King. Over the weekend, Gala Games and Polyient Games negotiated the terms of a sale, which was executed this morning on OpenSea, for the Citadel of the Sun for the upcoming fantasy MMORPG game Mirandus. The Citadel of the Sun is a 1/1 Legendary-tier NFT that comes with its own Kingdom inside of the World of Mirandus.
With the purchase, Polyient Games steps into the role of the main financial layer within the World of Mirandus. In Mirandus, the Polyient Vaults will allow players to safely deposit and store in-game representations of their NFTs and in-game currencies.

A tentative alpha launch for Mirandus is Q4 2021

Which other collaborators might use the Polyient Vault?

PGT has an enormous amount of potential when you compare its $5M market cap to other blockchain gaming governance tokens like GALA ($226m), AXS ($151m), SAND ($242m), GHST ($75m) which they are in collaboration with.

Polyient is launching its own title Ape In Finance in the coming weeks. Which is a serious of gacha style games to gamify NFTs in a way that appeals to DeFi degens

https://twitter.com/ApeInFinance/status/1367941979795980288

Polyient's DEX currently has over $2M TVL.

Next week, an exclusive auction will begin on OpenSea, during which 10 Majestic-tier vault buildings will be auctioned for Ether (ETH), Gala Token (GALA), and Polyient Games Unity Token (PGU). The vaults themselves will connect with the Polyient DEX and Polyient’s upcoming vault system, allowing holders of the vaults to benefit from Polyient’s innovative liquidity and yield farming solutions, all while providing key, decentralized in-game services to players. This auction will be the next step in the growing partnership between Gala Games and Polyient Games.

“Using the vaults will not be a hard requirement,” says Game Designer Michael McCarthy, “However, to store your excess riches and gear, you will want a chest from a local vault. Building owners will have storage, but since there are a limited number of buildings in Mirandus most players will need to use the vaults. The Polyient Vault system may even allow players to even rent out their items to others.”

The ecosystem has been mapped here:

https://drive.google.com/file/d/1ptc7G6MNpINibIjcodKqRSNn1hP7b75k/view

I came bearing gifts but alas Biz was not ready to receive them

>>30365910
>He doesn't own a slightly used rug

>>30368179
I'm out of eth anon but I've seen the list. People like you make the world a better place. Also some shit cunts just won't bother to reply but will buy anyway

Interesting

Does this have anything to do with that weird "staking inside of NFTs module for gems" they also have? I can't see that interface being pulled forward in the future.
The company has a few tokens from what I recall, would be interested in knowing the hell is happening to the other shit.

>>30370036
Sounds like you might be referring to Cargo gems. Polyient invested in Cargo but it isn't their own. Cargo could certainly use some refining.

Polyient has 3 core tokens:

PGT - DAO governance with 20k total supply which controls the treasury
PGU - Unifying token with uncapped supply
PGFK - Founders Keys NFTs with 20k total supply which emit PGU rewards

They also have been developing fractionalized NFTs. I believe the tokenomics are ever-changing as they receive feedback. The initial vault sale is a prime example.

https://docs.polyient.games/polyient-games-token-economy/token-overview

https://blog.gala.games/mirandus-monday-auctions-for-the-polyient-vaults-within-upcoming-mmorpg-mirandus-begin-this-week-fac6b4c28894

From Gala:

The initial plan was to sell ten of these majestic-tier Polyient Vaults for the world of Mirandus via an auction via OpenSea and the Polyient Marketplace. However, the Gala Games and Polyient teams were approached by a significant group of players requesting that they have a way to purchase NFTs to hold collectively via a DAO.

After discussion with Studio Director Michael McCarthy and internal discussions, Gala Games and Polyient decided to limit the initial release of the Polyient Vaults via auction to only five Vaults, with the other five reserved for later to give those who are interested in shared ownership to establish the structures needed to purchase the NFTs.

Cybermanning and Groove, the appointed spokespeople of the “Vault Holders” said this of the efforts taken by Gala Games and Polyient to find a solution to serve their needs:
It’s so exciting, as players, to be valued and have our innovations welcomed into the design process of an organization that is reinventing the gaming industry. A group of us worked together to formulate a plan for shared ownership of a non-fungible token, but there were aspects which we couldn’t resolve without support and commitment from Gala Games and Polyient. Both organizations went out of their way to prioritize our concerns, provide clear feedback, and integrate new mechanisms into their design plan to help make shared ownership functional and achievable.

The auction of the remaining five Polyient Vaults will take place in the future to organizations and DAOs that would like to take part in the growing and evolving world of Mirandus.

So essentially they received a request from several guilds that desired to own a single vault as a collective (fractionalized NFT ownership). I think we should have more clarity this quarter on where everything stands