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PokerFi highlights great progress in the development of the Poker platform

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Blockchain and crypto as a whole has been experimenting with different phases and aspects of the world. This has resulted in users witnessing the indulgence of crypto in and around various aspects including economics, business, games, and a lot more. 

With time and time, blockchain and crypto have also tapped into the poker space. Earlier the combination of crypto and poker was not making any real sense but at present, this combination has a lot to offer. 

PokerFi is a crypto-based poker space designed to meet the dual (one who enjoys crypto, and one who is great at poker) needs of various users. The platform works with the notion of providing as much benefit to the user as possible. 

Thus, in every stage of development, the team works to revolutionalize the project by integrating Metaverse, tokenomics, NFTs, and a lot more. The entire system of PokerFi also focuses on providing a passive source of income to players further enhancing their interest in crypto and poker. 

The revolutionary token, PokerFi 

PokerFi being a crypto-based poker platform functions with the vision to become the leading online poker platform. Additionally, the former also aims to offer decentralized finance services to the entire poker player community on a global level using the PokerFi token as a means of payment. 

At present the utility token of the platform, PokerFi is acting as a means of payment in the game of Poker. This revolutionary token will be used to pay tournament entries as well as to reward players for their participation and performance in games. 

Additionally, the platform also plans on integrating the token into other gaming and betting platforms in the future. Even with continuous developments, PokerFi has some other goals including providing greater security and transparency in financial transactions on the online poker platform and bringing ease of financial transactions to poker players.

The best part about PokerFi is that besides being a poker platform, the former is also active in the NFT marketplace, a marketplace of PokerFi branded products, and in the gamification of poker in the Metaverse format.

PokerFi with a Metaverse outlook 

In the recent announcement, PokerFi talked about great news and highlighted its progress in the development along with the Metaverse. 

PokerFi’s metaverse has curated a 3D virtual environment using blockchain technology for players to interact, conduct tournaments and play poker in a more captivating way. The former is designed in a way to include advanced virtual and augmented reality features and integrate the same with other gaming and betting platforms. 

All this is done in order to provide users with an exciting gaming experience and ensure security and transparency in all transactions. Owners of PokerFi’s Metaverse are entitled to various benefits including: 

– Profitability: Casinos are among the most profitable businesses in the world, and PokerFi Metaverse also offers the same to the world. As casino owners users can earn money from the bets of the players. 

– Customizable: At PokerFi’s Metaverse users can customize their casino, by choosing the theme, the games, and the rules. Additionally, users can also set their own hours of operation and entry prices. 

– Enjoyment: Having a casino in the PokerFi Metaverse can be incredibly fun, as users can interact with players from all over the world and create an exciting and entertaining atmosphere anytime, anywhere. 

– Networking: Casino owners get the extra perks of meeting influential and important people in the gaming world, leading to more networking along with new business opportunities and partnerships. 

Roadmap ahead 

PokerFi is always under development and looking for opportunities to evolve in this changing space. There are many things that the platform has planned for the future the first and foremost being burning 200 million tokens by the time the poker platform launches. 

The platform has also planned to create a multichain to support PokerFi trading on various other networks. There is also a new wallet function lined up along with token values and chart updation in real-time. 

Additionally, PokerFi is aiming for a partnership with Matrix podcast and the biggest led panel in southern Brazil for 1 year. The platform is also in negotiations with companies to list PokerFi as payment on sports betting sites. 

 To double up the excitement the platform has also planned a cocktail for the presentation of the Poker platform at Café de la Music (one of the most coveted nightclubs in Brazil). The event will have a VIP box for the guests and a led panel of PokerFi behind the DJ, luminous bracelets, promoters with a baby look Pokerfi, and banners Pokerfi spread throughout the party. 

Lastly, PokerFI will be added as a means of payment during the party and at other events as well. This entire event will be streamed live on Our YouTube channel with a 360-degree camera for a wholesome overview. 

Moving forward in the roadmap, the platform plans on launching the poker platform in the second quarter of 2023, and by the third quarter the platform’s vision for the Metaverse launch. 

About PokerFi 

PokerFi as the name suggests is a crypto-based poker platform that aims to revolutionize transactions in online and live poker. The platform also has its own token (PokerFi) which is connected to the BEP20 network (Binance Smart Chain).

The best part about PokerFi is its innovative smart contract. The latter is designed in a way to offer users a passive income proportional to the number of tokens that the wallet has paid in BUSD. As a user, one has to just buy PokerFi and store them in their wallet and they are good to go.

During the initial days, there was a full 6% fee charged for the same, but now it has been removed for the health of the project and for listing on more exchanges. Additionally, 3% was allocated to the income portfolio, 2% to the liquidity portfolio, and 1% to the project portfolio.  

At present, there are 0% fees and the income comes from 5% of the poker platform rake profit, 10% of the NFTs sales, and 10% of the marketplace sales profit.

To know more about PokerFi, visit their official website or follow them on Twitter

Disclaimer: This is a paid post and should not be treated as news/advice. 

 

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Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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