PolkaFantasy: The Chain of Realms

Polka Fantasy

Why the World Needs PolkaFantasy

The market for Japanese ACG offers tremendous business opportunities for a multi-chain based decentralized NFT marketplace and wallet. The vast majority of gamers are familiar with cryptocurrencies and agree that it is a game changer for the industry.

Because of the negative image and the recent scandals of many centralized site operators, the target audience will be open to a revolutionary platform that cannot be manipulated and also provides many other valuable services for the gaming community.

By combining in-game item purchase, exchange & storage, and an NFT marketplace & wallet in a single platform with its own currency, great synergistic effects can be offered to the users. This huge market is almost untouched. Coupled with the possibility for play-to-earn blockchain gaming concepts and free-to-play dynamics, our platform is exactly what the video gaming market is waiting for.

By leveraging NFTs in gaming, PolkaFantasy enables players to have full control of their in-game items that they win or purchase. This allows them to have a unique identity credited to their account, which contains their items.

PolkaFantasy’s team is applying our deep experience in game making and creating markets to the NFT space to focus on furthering blockchain adoption. The marketplace we are creating will support the creation of NFTs backed by Japanese-themed digital art and in-game items. PolkaFantasy NFT technology helps to create a sustainable life cycle of digital art and in-game items. The platform will offer artists new ways to meaningfully engage their users in the digital realm.

Mission Statement

PolkaFantasy acts as a bridge between the virtual and DeFi worlds by enabling users to generate NFTs representing their limited-edition collection of in-game and digital art items. These NFTs can then be listed on PolkaFantasy, enabling anyone interested to browse through the marketplace and purchase the item of choice. We’re unlocking a new wave of opportunities by merging the multibillion video gaming industry with the US $11 Billion DeFi market, creating imaginative, innovative and immersive cross-chain gaming experiences in the process.

Direct-to-Fan Relationships via Trustlessness

PolkaFantasy’s NFT marketplace enables peer-to-peer transactions via smart contracts without any trusted intermediaries. Once the product is authenticated, a traceable NFT that contains metadata of the product is created and it is permanently secured on blockchain. Artists can thus establish a direct relationship with their fans free of any platform risks. With the expanding ACG market, PolkaFantasy will become a hub for creators and fans to enjoy the authentic NFT experience found nowhere else

Permanence via Immutability

NFTs, once minted on the blockchain, cannot be altered. Authenticated and backed by a traceable NFT, they confer a strong sense of ownership and permanence. The ownership of each unique NFT can be securely transferred to a new buyer along with the trading history of the product can be viewed even after it has been sold.

Rapid Innovation via Open Standards

NFTs are based on open standards (ERC/BEP-721, ERC/BEP-1155 etc.). Standards give rise to network effects, interoperability and composability, the same reasons why DeFi (and the internet for that matter) is such a disruptive force. We believe this will unlock a lot of exciting innovation in in-game items. The cross-chain functionality that PolkaFantasy supports means the NFT marketplace has the ability to enable two or more blockchains to exchange information with each other in order to form a network to process transactions.

Cross-chain transaction networks allow multiple blockchains to pass over information to one another.

Introducing a cross-chain method for intercommunication between the blockchain networks solves the blockchain technology’s issue of scalability. The concept allows the NFT marketplace to communicate without any need of intermediaries. In this way, it can perform transactions over a cross-chain network. PolkaFantasy supports a cross-chain transfer bridge to deliver NFT token transfers and contract cross-chain calls for different chains, such as Ethereum, BSC, Polygon, and more. Being able to buy and trade NFT collectables on multiple blockchains makes NFT trading more convenient and efficient, and further injects liquidity into the NFT market.

How It Works

Essentially, PolkaFantasy is designed for the needs of the NFT enthusiasts and modern gamers. The marketplace associates each in-game item or digital art piece with its virtual NFT on blockchain. Merging the NFT concept with the essence of in-game items means we are able to assign a traceable, digital identity to each item, so that people get the value they were promised. The blockchain-based NFT marketplace allows users and owners of items to create such an asset that contains information about the item’s history, origin, parameters, ownership, and other character traits.

PolkaFantasy is thus solving the trust problem of in-game item exchange across chains and NFT staking, eliminating the need for centralized sites; in a decentralized system, no one can influence the system and every aspect is solved with smart contracts that automatically take the necessary actions, making everything transparent. There is no need to trust anyone because of the nature of the system.

Users can exchange their in-game items or skins for $XP tokens on our website via an API. More and more games are allowing users to deposit their in-app items to third party websites and we expect this industry to grow exponentially in the near future. Each in-app item has a certain value that is based on how rare the respective skin is. The value is transparently displayed on our website. The huge advantage of a decentralized NFT in-app item platform is that provably-fair games are offered.

NFT Game

One of the strengths and selling points of PolkaFantasy will be its compelling narrative and immersive gaming experience. We will launch PolkaFantasy as a JRPG-style game in PVP turn-based card battle style.

Within the gaming ecosystem, users can buy NFT characters to play with or upgrade their NFT weapons by spending $XP tokens. Built by a team with a strong traditional game development background, including many Japanese Triple A studios, PolkaFantasy will plunge players in a fantasy world with satisfying combat and an engaging narrative.

The decentralized and open model of the gaming ecosystem means that users can sell or trade their NFTs in a peer-to-peer manner on the PolkaFantasy Marketplace. A built-in play-to-earn mechanism will also promote incentification and the growth of our global community.

DeFi NFT-compatible Wallet

An NFT is a digital representation of an asset that is in high demand. It is valuable because it stores information about that asset, including who owns it. Because you store NFTs on a blockchain, the information they carry cannot be altered or destroyed. This makes them suitable to represent anything of value, including artworks, title deeds, web domains, collectables, audio files and even people’s identities. Ownership of the NFT thus signifies ownership of the asset it represents, but not necessarily the copyright.

PolkaFantasy goes one step further than existing NFT marketplaces by harnessing the capabilities of permission-less financing options powered by DeFi and NFT-based unique merchandise identification solutions to unlock new opportunities for value generation. Our model promotes the synergy between NFT and DeFi alongside various transactions that will be enabled on-chain.

About XP Token

The native digital cryptographically-secured fungible token of PolkaFantasy ($XP) is a transferable representation of attributed governance and utility functions specified in the protocol/code of PolkaFantasy, and which is designed to be used solely as an interoperable utility token on the platform. Tokens will become available for sale through the IDO Public Sale on the Launchpad and later through public sale on a fixed Uniswap liquidity pool. $XP tokens will be issued and distributed based on the ERC-20 token standard at the beginning.

$XP is a functional utility token which will be used as the medium of exchange between participants on PolkaFantasy in a decentralised manner. The goal of introducing $XP is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on PolkaFantasy.It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $XP does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $XP entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $XP may only be utilised on PolkaFantasy, and ownership of $XP carries no rights, express or implied, other than the right to use $XP as a means to enable usage of and interaction within PolkaFantasy.

$XP also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on PolkaFantasy, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. $XP is an integral and indispensable part of PolkaFantasy, because without $XP, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on PolkaFantasy. Given that additional $XP will be awarded to a user based only on their actual usage: activity and contribution on PolkaFantasy and/or proportionate to the frequency and volume of transactions, users of PolkaFantasy is/or holders of $XP who did not actively participate will not receive any $XP incentives.

As the native platform currency, all trades within the PolkaFantasy NFT marketplace will be settled with $XP and other cryptocurrencies.

The play-to-earn mechanism will reward users with $XP and various items for playing the game, participating in activities and marketing events.

In order to promote decentralised community governance for the network, $XP would allow holders to create and vote on on-chain governance proposals to determine future features of PolkaFantasy (the right to vote is restricted solely to voting on features of PolkaFantasy; it does not entitle $XP holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership).