The DEX and BNB GameFi protocol Mobox have collaborated to develop a blockchain tower defense game.
Pancake Protectors is a brand-new tower defense game that PancakeSwap, a decentralized exchange (DEX) on the Binance Smart Chain (BSC), has released. The CAKE tokens from PancakeSwap can be used to obtain in-game rewards because the game is based on the Mobox GameFi protocol.
Players in Pancake Protectors can buy in-game currency, claim CAKE heroes, claim resources by staking CAKE, unlock levels, and level up faster by using CAKE tokens. There will also be an in-game market where CAKE heroes can be traded, and this market can be improved even more by taking part in lotteries that award non-fungible token (NFT) upgrade awards.
PancakeSwap’s entry into the GameFi market with the release of Pancake Protectors is a significant step. Gaming and financial components, including cryptocurrencies and NFTs, are combined in the quickly expanding business known as GameFi. One of the most well-known DEXs in the world, PancakeSwap’s entry into GameFi may help the sector gain legitimacy.
Related: GameFi analytics help blockchain gamers sift through crypto games
A significant chance for players to earn rewards by taking part in a fun and interesting game is presented with the release of Pancake Protectors. Although the game is still in its early stages, it has great potential.
![<strong>PancakeSwap Could Be the Next Big Thing in GameFi</strong> 892623cd 2da2 4f33 819f 46ea2a832f2e](https://i0.wp.com/s3.cointelegraph.com/uploads/2023-05/892623cd-2da2-4f33-819f-46ea2a832f2e.jpg?ssl=1)
![<strong>PancakeSwap Could Be the Next Big Thing in GameFi</strong> 892623cd 2da2 4f33 819f 46ea2a832f2e](https://i0.wp.com/s3.cointelegraph.com/uploads/2023-05/892623cd-2da2-4f33-819f-46ea2a832f2e.jpg?ssl=1)
Launched in 2020, PancakeSwap has become one of the most popular DEXs, with $462 billion in cumulative trading volume and over $2.5 billion in total value locked.
According to John Wu, CEO of Ava Labs, “We’re excited to see PancakeSwap enter the GameFi space.” PancakeSwap is a significant participant in the DeFi market, and their entry into the GameFi market is a significant endorsement for the sector.
Pancake Protectors’ release marks a significant turning point for the GameFi sector and might portend future developments. Although the GameFi sector is still in its infancy, it has the potential to completely transform the gaming sector.
The introduction of Pancake Protectors by PancakeSwap, which is well-positioned to thrive in the GameFi market, may serve as a significant industry catalyst.
Related: PancakeSwap changes its recipe with the launch of Version 3