Proof of Play has launched the $PIRATE token, listed on several exchanges including Coinbase, Gate.io, ByBit, BitGet, and Coins.ph.
Pirate Nation is a fully on-chain, free-to-play pirate-themed role-playing game (RPG); developed by Proof of Play, a game studio specializing in decentralized games and infrastructure. The game is live on the studio’s Apex chain.
By the Numbers:
- $206M: Fully Diluted Valuation (FDV) at launch
- 120K: Unique wallets since Pirate Nation’s launch
- 75: Official updates to Pirate Nation since December 2022
What is $PIRATE: An ERC-20 token that can be converted into Gems for in-game benefits:
- Purchasing energy
- Speeding up timers on certain quests
- Topping off questing
- Crafting prerequisites
Players can also stake $PIRATE to earn Proof of Play Points, with an immediate +50% staking multiplier incentive.
Amitt Mahajan, co-founder and CEO of Proof of Play shared that the company aims to create engaging on-chain games and develop technologies to simplify on-chain game development.
“The single most important design principle of the $PIRATE token is ensuring Pirate Nation is made better, and more engaging, through its existence, and we are excited to offer utility while rewarding our dedicated community. We believe that Proof of Play Points are a way to recognize & reward players for their participation in the Proof of Play ecosystem.”
Still, Pirate Nation’s success relies on continued player engagement and the effective implementation of game-enhancing features tied to the token.
What’s next: Proof of Play highlighted that over time, $PIRATE can be used for various activities in the game:
- More options for players and guilds in crafting
- Customization
- Access to exclusive tournaments, game modes, and events
