Proof of Play’s latest crypto game, “Pirate Nation,” has seen its native token, PIRATE, listed on Coinbase, shortly after its debut on Thursday. Showcasing the growing intersection between blockchain technology and gaming, as the industry gains momentum in the crypto space. The ERC-20 token, named PIRATE, operates on the Ethereum Mainnet and functions as a utility token within the game.
Managed by FarmVille co-creator Amitt Mahajan, Proof of Play received backing from a16z crypto, Anchorage Digital, and Naval Ravikant in a $33 million seed round last September. “We believe that Proof of Play points is a way to recognize & reward players for their participation in the Proof of Play ecosystem,” Mahajan stated.
The availability of the “Pirate Nation”, along with other main products such as “Shrapnel” and “Illuvium” points to a rising trend in the web3 gaming sector. Consequently, even basic 2D titles like ‘Hamster Kombat’ are rising, dictating large player numbers.
The PIRATE Ethereum network generated a contract address: 0x7613C48E0cd50E42dD9Bf0f6c235063145f6f8DC. Coinbase advises against sending PIRATE over other networks to avoid potential loss of funds. Trading will commence once liquidity conditions are met, with support for PIRATE subject to jurisdictional restrictions in some regions.
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