Polkacity

What is Polkacity?

Polkacity is a blockchain game or GameFi inspired by Grand Theft Auto and marketed as "the world's first 3D & AR NFT Multichain Platform and Video Game."

The game incorporates cutting-edge immersive technologies such as Augmented Reality (AR), 3D, and the Metaverse to allow players to create avatars, own virtual real estate and businesses like gas stations and hotdog stands, and collect digital art. These virtual assets can then be traded on the game's NFT marketplace.

The use of "Polka" in the name is derived from the inspiration Polkacity draws from the Polkadot blockchain. Polkadot is a well-known DeFi blockchain that enhances interoperability between various blockchains. While currently operating on Ethereum and Binance Smart Chain (BSC), Polkacity has plans to expand to other blockchains, including Polkadot.

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Recent Video Interview

Main points of the interview:

• To address scalability issues, Polkacity employs Meta Chain One, a zero gas fee blockchain, enhancing user experience.
• Polkacity aims to transition to WebGL for browser-based accessibility without compromising visual quality.
• Advocates for regulations safeguarding end-users in web 3 gaming, emphasizing the need for protection against corporate monopolies.
• Polkacity's vision aligns with the future of web 3 gaming, incorporating AI integration and potentially advancing to Web 4 or 5.

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What Makes Polkacity Special?

Polkacity aims to emulate the virtual counterpart of a real city, a concept reflected in the available NFTs for purchase. Currently, players have the option to acquire:

• Various types of taxis, ranging from compacts to limousines.
• Power stations (either petrol or electric).
• Car-related service stations encompassing car washes, rentals, and repairs.
• Establishments such as hotels, restaurants, and shopping centers.
• Leisure-related venues like discos.

Each NFT carries a distinct price, ranging from 1,500 POLC for a compact taxi (with 1,000 available) to 105,000 POLC for a shopping center (limited to 50). Players recover their investment through weekly payments of network rewards, coupled with an additional share of earnings from the respective asset. For example, the owner of a compact taxi receives 60 POLC per week, along with 16% of the taxi's monthly earnings. In contrast, owning a shopping center yields 13,125 POLC weekly and 50% of the center's monthly earnings. This setup enables players to capitalize on the virtual economy within the game.

Furthermore, Polkacity aims to integrate trending elements such as NFTs and decentralized finance by creating a 3D and augmented reality platform. Players can enhance their gaming experience by utilizing VR technology to interact with their virtual resources.

Polkacity Team Background and Partners

Carmelo Milian, Polkacity's lead software developer, brings his extensive experience from Microsoft and co-founding OneCloud, a cloud computing company. Serving as the team's marketing advisor is Fatih Atali, a seasoned high physics engineer and co-founder of Blockchain Game Factory, boasting over five years of cryptocurrency expertise. The team is further strengthened by Murad Aliyev, a technology manager with over five years of involvement in technology infrastructure projects, and Manuel Leal, a skilled web developer.

Polkacity has also forged notable partnerships, including collaboration with former NBA star Baron Davis as an ambassador, sponsorship of blockchain-related events in Miami, recently Alpha Token Capital, Cryptopolis, and Houbi.

Polkacity Project Development

In July 2023, Polkacity announced an exciting partnership with Alpha Token Capital, heralding a new era of opportunities within the Polkacity metaverse!

Alpha Token Capital, a prominent player in the crypto landscape, has strategically committed a seven-figure investment to the Polkacity Metaverse, acknowledging the vast potential of our metaverse powered by Metachain One.

The significant investment made not only brings financial support but also adds credibility and provides access to the extensive network of the investing company. The capital firm is poised to invest in and extend support to Polkacity, aiming to propel the project to unprecedented heights through this mutually beneficial partnership. While Polkacity has entered into numerous partnerships in the past, the team believes that this collaboration stands out as the most promising, offering not only financial backing but also comprehensive support across various domains. Alpha Token Capital (ATC), designed to bolster promising token projects, has acknowledged the bright future of Polkacity's platform through their research. ATC typically engages with already-listed platforms that have strong community support, highlighting the importance of an exceptional team, a quality product, a devoted community, and robust markets.

Polkacity Price Analysis

As of December 21 2024 Polkacity has a marketcap of $3.2M. This is {{percentagefromath}} from its all time high of $2.83. In terms of its tokenomics, there's a total supply of 680M with 61% currently outstanding. Keep in mind Polkacity has a fully diluted value of $5.2M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.