Games
News
Tokens
More
Awards
Advertise
Watchlist
My PlayToEarn Points
Join Community on Discord
Games: 0Game Tokens: 0Social-Score
Games: 0
Game Tokens: 0
Avg. Social Score (24h)
24h Vol: $0
Market Cap: $0
Dominance: BTC 0%  ETH 0%   SOL 0%
Content Creator
English
EnglishDeutschBahasa Indonesia
USD
USDEURBTCETHEOSTRONEnjinPolygonAUDBRLCADCHFCLPCNYCZKDKKGBPHKDHUFIDRILSINRJPYKRWMXNMYRNOKNZDPHPPKRPLNRUBSEKSGDTHBTRYTWDZAR
Informations Center
Login
0
Account
Logout
Akira Ming
Akira Ming
Apr 21, 2024
News

The Beacon Founders Expand Horizons with New NFT Marketplace

Web3 game founders Kelvin Wang and Davy Li have successfully raised $2.5 million to develop Pallet Exchange, a new NFT marketplace built on the Sei network.
The Beacon Founders Expand Horizons with New NFT Marketplace

Kelvin Wang and Davy Li, founders of The Beacon, a Web3 roguelite RPG, have raised $2.5 million to launch Pallet Exchange, a new NFT marketplace on the Sei blockchain. This platform is built to maintain user engagement even during the lows of market downturns.

The funding round attracted investments from major players like Spartan Group, Symbolic Capital, and Cypher Capital. The list also includes angel investors from Coinbase and MoonPay, underscoring a strong belief in the platform's potential.

Pallet Exchange offers a fresh take on NFT trading by focusing on the user experience. It aims to reduce transaction speeds and improve interface interactions. The platform is built on the Sei network, known for its speedy transactions and low fees. 

Despite challenges posed by the bear market, Wang and Li are innovating with features that enhance liquidity and provide users with new ways to interact with their NFTs. They are looking to draw from their past experience in gaming by including social loops, such as native wallet-to-wallet messaging and a battlepass-style rewards program that hasn't been seen in other marketplaces.

Choosing the Sei blockchain aligns with the platform's goals for efficiency. Sei has demonstrated rapid growth, especially after the release of Seiyans, an NFT series inspired by meme culture. This growth is supported by the Sei Foundation's Creator Fund, which invests in new and existing projects to bolster the ecosystem. 

Looking ahead, Pallet plans to broaden its scope by exploring partnerships within the art sector. They aim to create specialized marketplaces catering to various creators, ensuring Pallet Exchange remains at the forefront of NFT innovation. 

Relevant games
Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
RollbitRollbit
PhemexPhemex
Unstoppable DomainsUnstoppable Domains
Youtube
PlayToEarn is the world's leading blockchain-games data aggregator and news outlet. We track community activity, growth and on-chain metrics of games.
Interested to stay up-to-date with blockchain games? Get the latest blockchain games news, updates, and reports by subscribing to our free newsletter.
Subscribe
Cookie
Cookies
This website uses cookies to enhance user experience and provide certain services and features to users.
Accept all cookies
...
...
Games
star-line
Watchlist
News
Login