Polkacity aims to revolutionize the ownership of virtual assets by offering a 3D and augmented reality (AR) NFT platform that operates on multiple blockchains. Its goal is to expand its offerings to include neighboring cities, continents, and additional NFTs in the future.
The Polkacity platform allows users to engage in activities such as buying, selling, and renting virtual properties in the digital city. These properties include virtual real estate, vehicles, and other assets. Polkacity is known for its gamified approach to virtual city management, allowing users to earn POLC tokens by participating in various in-game activities and transactions.
Polkacity is a multi-chain metaverse that allows individuals to generate passive income by holding NFTs. It acts as a virtual city where users can invest in virtual assets such as taxis, gas stations, land, and infrastructure. By owning these assets represented by NFTs, users can receive weekly payments as the virtual city grows, incorporating different elements of decentralized finance (DeFi).
POLC, an Ethereum-based ERC-20 token, is the native utility token for the Polkacity metaverse. It is used for various purposes within the Polkacity universe, including transaction fees, purchasing and developing NFT assets, and acquiring governance NFTs for voting on the game's development and decision-making.
According to the Polkacity tokenomics, the total supply of POLC tokens is 250 million, with the distribution as follows: 200 million POLC allocated to platform rewards, released in stages over time; 25 million POLC for liquidity and exchange listings; and the remaining amount for other purposes.
