As a researcher with a background in blockchain technology and gaming, I find the recent listing of Proof of Play’s native token, PIRATE, on Coinbase, an exciting development. The intersection of these two industries is gaining significant momentum, and this latest move underscores that trend.
The new crypto game from Proof of Play, called “Pirate Nation,” recently had its native token, named PIRATE, added to Coinbase’s listings. This occurred just days after the game’s launch on Thursday. This event highlights the increasing connection between blockchain technology and gaming, as the industry continues to gain traction in the crypto world. The ERC-20 token, called PIRATE, runs on the Ethereum Mainnet and serves as a functional token within the game.
As a crypto investor, I’m excited to announce that Coinbase will soon support the Ethereum-based token, Pirate Nation (PIRATE). To ensure the safety of your funds, please avoid sending this asset over any other networks. Once added, you can easily transfer and trade Pirate Nation on both Coinbase and Coinbase Pro in regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 13, 2024
Led by FarmVille co-founder Amitt Mahajan, Proof of Play secured $33 million in funding from investors including a16z crypto, Anchorage Digital, and Naval Ravikant during last September’s seed round. According to Mahajan, “Proof of Play points signifies our method of acknowledging and compensating players for their engagement within the Proof of Play platform.”
The emergence of “Pirate Nation” and other popular offerings such as “Shrapnel” and “Illuvium” in the web3 gaming market indicates a surging interest in this sector. As a result, even seemingly simple 2D games like “Hamster Kombat” are experiencing significant player bases.
The Ethereum network based on the Pirate protocol has produced a contract address: 0x7613C48E0cd50E42dD9Bf0f6c235C63145f6f8DC. Coinbase cautions against transferring Pirate tokens through other networks to minimize the risk of financial losses. Trade in Pirate will commence only when sufficient liquidity is available, but the support for this token may be limited in certain jurisdictions due to regulatory restrictions.
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2024-06-14 02:44