What is Polkacity (POLC)?

Quick Facts

  • Token symbol: POLC
  • Blockchains: Ethereum (ERC-20) and BNB Smart Chain (BEP-20)
  • Platform type: 3D/AR multi-chain metaverse and GameFi
  • NFT standard: ERC-721 for all in-game assets
  • Smart contract audit: Audited by CertiK
  • Lead developer: Carmelo Milian, formerly of Microsoft
  • Launched: 2021

Introduction

Polkacity is a blockchain-based metaverse platform that blends gaming, NFTs, and DeFi into a virtual city experience. Players can own digital businesses, vehicles, and land in the form of NFTs, earning passive income in POLC tokens simply by holding those assets.

The project markets itself as one of the first 3D and Augmented Reality (AR) NFT multi-chain platforms, aiming to make virtual asset ownership both fun and financially rewarding.

History & Background

Polkacity launched in early 2021, completing a private sale followed by a public token offering. By mid-2021, POLC was listed on several major exchanges, and the platform released its NFT marketplace in Q3 2021.

The metaverse game demo — featuring an explorable 3D city island, vehicle NFTs, and a disco venue — was unveiled in late 2021. The project has since expanded to include land sales (MetaPlots), an in-game art gallery, and a Bitcoin-backed POLC mining feature.

How Polkacity Works

Polkacity operates as a fully contract-based metaverse. Users purchase NFT assets — such as gas stations, restaurants, hotels, taxis, and luxury vehicles — from the platform's store. Holding these NFTs entitles owners to regular weekly and monthly POLC payouts, funded by the virtual economy.

The platform spans both Ethereum and BNB Smart Chain, with a cross-chain bridge allowing POLC tokens and NFTs to move between networks. Inside the 3D world, players can walk or drive around, interact with other users, attend live events, and trade assets on the built-in NFT marketplace.

Tokenomics

POLC is the primary currency of the Polkacity ecosystem. It is used to purchase NFT assets, pay transaction fees, and access services within the virtual city. NFT holders continuously earn POLC rewards, creating ongoing demand for the token.

Governance NFTs allow token holders to vote on platform decisions, giving the community a say in future development. A Bitcoin mining mechanism was also introduced, where real BTC is mined and sold to buy back POLC from the open market, adding consistent buying pressure.

Circulating supply ? 271.18 million POLC
Reserved supply ? 158.68 million POLC
BRIDGE
0xf7a9f6001ff8b499149569c54852226d719f2d76
475,432 POLC
Burned
0x0000000000000000000000000000000000000001
0 POLC
FOUNDATION
0x0a146F2270b13D456A211426F7468B70E9dac133
3.75 million POLC
FOUNDATION
0x0D0707963952f2fBA59dD06f2b425ace40b492Fe
4.70 million POLC
FOUNDATION
0x4AB7889749a568C681C2503ebCC834F7A3e6a72c
2.97 million POLC
FOUNDATION
0x4E2AbE3ba9b9297e7504B05326c9D2bfb299f7c1
2.13 million POLC
FOUNDATION
0x5f11Ed6530f563b32F587e45c4D1db8bb4524A08
2.10 million POLC
FOUNDATION
0x9642b23Ed1E01Df1092B92641051881a322F5D4E
10.29 million POLC
FOUNDATION
0xa12a5C926106eF3010886E7867285aF6E40c0850
2.81 million POLC
FOUNDATION
0xa347946d8e81e3716ce5E4B85836b31Fdd8E277c
2.21 million POLC
FOUNDATION
0xBB1a25031038221b82Bea04b667d894a6ab4974c
3.43 million POLC
FOUNDATION
0xE50d4358425a93702988eCd8B66c2EAD8b41CE5d
54.19 million POLC
FOUNDATION
0xee42B6828c285c4964dDFFD89D0F1e07c0db99CD
3.69 million POLC
FOUNDATION
0x0061b14BE22a1408de4268fB3356309f47173777
5.14 million POLC
FOUNDATION
0x0D0707963952f2fBA59dD06f2b425ace40b492Fe
2.49 million POLC
FOUNDATION
0x2c00cf5d8e6f5b3aC2E19a7e4788dEd831b9228f
2.39 million POLC
FOUNDATION
0x53f78A071d04224B8e254E243fFfc6D9f2f3Fa23
0 POLC
FOUNDATION
0xD6A7B9Cea0d5ce87A32556181B514Bb5817aFB46
2.50 million POLC
FOUNDATION
0xE50d4358425a93702988eCd8B66c2EAD8b41CE5d
53.40 million POLC
FOUNDATION
0xfF5566497750058C1b9A35229Ab7ca8f50811912
0 POLC
RESERVE
0xad334543437ef71642ee59285baf2f4dacba613f
15,399 POLC
Total supply ? 429.87 million POLC
Max supply ? -- POLC
Updated 3d ago

Ecosystem & Use Cases

  • NFT Store: Mint 3D and AR assets including businesses, vehicles, pets, and land (MetaPlots)
  • NFT Marketplace: Trade owned assets peer-to-peer within the platform
  • Metaverse City: Explore, drive, socialize, and attend live events in a 3D environment
  • Art Gallery: Display and purchase digital art from within the metaverse
  • Mining Feature: Purchase NFT miners to earn POLC backed by real Bitcoin mining rewards

Team, Governance & Community

The lead developer is Carmelo Milian, who has over a decade of experience at Microsoft and is also co-founder of cloud computing firm OneCloud. The platform's smart contracts have been audited by CertiK, a leading blockchain security firm.

Community governance is facilitated through governance NFTs, letting holders influence game development and key decisions. The project maintains active channels on Twitter, Telegram, and Discord.

Advantages

  • Passive income model: NFT holders earn regular POLC payouts without active gameplay
  • Multi-chain support: Available on both Ethereum and BNB Smart Chain with a cross-chain bridge
  • Diverse asset types: Wide range of NFTs from vehicles to real estate and art
  • CertiK-audited contracts: Independent security review adds a layer of trust
  • Immersive experience: 3D and AR technology sets it apart from simpler NFT platforms

Risks & Challenges

  • Metaverse adoption uncertainty: Broader metaverse interest remains unpredictable and competitive
  • Token price dependency: Passive income yields are denominated in POLC, making real returns volatile
  • Platform maturity: Many features were still in development or early rollout as of recent updates
  • Liquidity risk: Thinner trading volumes can amplify price swings for POLC holders
  • Competitor pressure: The play-to-earn and metaverse space has numerous well-funded rivals

Long-Term Vision

Polkacity envisions an ever-expanding virtual world with new cities, continents, and cross-chain integrations. The team plans to incorporate AI-powered tools into its DEX platform and continue growing the range of NFT assets and in-game events.

The long-term goal is to create a self-sustaining virtual economy — one where the platform's own revenue mechanisms, such as Bitcoin mining buybacks and marketplace fees, continuously support the POLC ecosystem and reward its community.

Frequently Asked Questions

Polkacity is a blockchain-based metaverse platform where users can own virtual assets in the form of NFTs — such as businesses, vehicles, and land — and earn passive income in POLC tokens. It features a 3D and AR virtual city accessible on both Ethereum and BNB Smart Chain.

POLC is the native token of the Polkacity ecosystem, used to purchase NFT assets, pay transaction fees, and receive weekly and monthly reward payouts. It also plays a role in governance through special governance NFTs.

Users earn income by purchasing NFT assets like gas stations, restaurants, or vehicles. Simply holding these NFTs entitles owners to regular POLC payouts based on the asset type and the platform's virtual economy.

Polkacity operates on both Ethereum and BNB Smart Chain. A cross-chain bridge allows users to transfer POLC tokens and NFTs between the two networks.

Yes, Polkacity's smart contracts have been audited by CertiK, a well-known blockchain security firm, and all identified issues were resolved following the audit.

MetaPlots are virtual land parcels within the Polkacity metaverse that users can purchase with POLC. Landowners can build structures on their plots and earn passive returns from their virtual real estate.

The lead developer is Carmelo Milian, who has over 12 years of experience at Microsoft and is co-founder of cloud computing company OneCloud. The team consists of blockchain experts focused on the platform's virtual economy.

Polkacity introduced an NFT miner mechanic where real Bitcoin is mined and then sold to buy back POLC from the market. POLC rewards are then distributed to NFT miner holders, creating ongoing buying pressure for the token.