United States, June 13, 2024 / AlexaBlockchain/ – Proof of Play, a game studio and technology company behind the breakout onchain game Pirate Nation, launched $PIRATE today at 3:00 UTC time, which is currently trading at over $206M FDV. This community-focused launch was designed to reward loyal players, holders of Founder’s Pirates,and supporters fairly, with no presale or KOL round, with 15% supply distributed in Season 1 to holders and players. $PIRATE will be listed on Coinbase, and other notable exchanges.
Pirate Nation, created by leaders from Epic Games, Zynga, EA, and Activision, is a fully onchain free-to-play pirate-themed roleplaying game (RPG) live on Proof of Play’s Apex chain. Since its launch in early December 2022, the game has seen more than 75 official updates and has become the largest, and fastest-growing fully onchain game with 120K unique wallets. During Pirate Nation’s first Season, Apex ranked within the top three EVM based L2’s / rollups for transactions per second (TPS) and gas per second (MGas/s).
“Our mission at Proof of Play is to create fun, accessible onchain games and, in the process, develop novel technologies that make onchain game development easier for everyone. 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,” shared Amitt Mahajan, Co-Founder and CEO of Proof of Play.
$PIRATE is an ERC-20 token on Ethereum Mainnet and serves as a utility token for Pirate Nation. $PIRATE is convertible to Gems, a non-transferrable in-game hard currency, and used for several gameplay-enhancing benefits including purchasing additional energy, speeding up timers on certain quests, and topping off questing & crafting prerequisites. Over time $PIRATE may be used for all sorts of fun and functional activities within the game, expanding the possibilities of players and guilds in crafting and customization, and providing access to exclusive tournaments, unique game modes, or events.
Additionally, players can stake $PIRATE to earn Proof of Play Points, which hold a role in recognizing and rewarding early supporters and participants in the Proof of Play ecosystem. Immediate staking at the time of claim is incentivized with a +50% multiplier. Proof of Play has also introduced a novel “spend from stake” feature that enables stakers to use and spend staked $PIRATE, without having to unstake any tokens.
Powering Pirate Nation is a proprietary infrastructure stack and game engine being built by Proof of Play. For more information on Pirate Nations’ design principles, game economy, and future ecosystem, please read the Litepaper.
About Proof of Play
Founded by leaders from Epic Games, Zynga, EA, Riot Games, Activision, Google, Facebook, Disney, and Warner Brothers, Proof of Play’s mission is to create fun, accessible onchain games and, in the process, develop novel technology that makes onchain game development easier for everyone. The company’s flagship game, Pirate Nation, is a fully onchain RPG where players battle monsters, build their pirate crew, and compete to become number one on the captain leaderboard. The team has raised $33M in funding and is supported by a16z, Greenoaks, and other investors including leadership across Twitch, Coinbase, Anchorage Digital, Mercury, Firebase, and Alchemy.
About Pirate Nation
Pirate Nation is a fully onchain free-to-play pirate-themed roleplaying game (RPG). Developed by Proof of Play, a game studio and technology company building decentralized games and gaming infrastructure, Pirate Nation is live on Proof of Play’s Apex chain.
Source: Proof of Play
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