Coinbase has recently introduced support for the newly released native token of a pirate-themed, blockchain-based role-playing game. Customers of the leading US crypto exchange can now engage in trading PIRATE, a utility and staking token designed for the game Pirate Nation. The token, which operates on the Ethereum (ETH) platform, made its debut on Wednesday and has seen a significant increase of nearly 90% within its first 24 hours.
Coinbase has included support for this asset under its “Experimental Label,” a category created by the exchange for tokens with higher risk and lower liquidity. Additionally, Gate.io, a Cayman Islands-based exchange, and Coins.ph, a Philippines-based exchange, have also introduced trading services for PIRATE.
Pirate Nation offers players the opportunity to form crews, construct ships, explore islands, hunt for treasure, and engage in battles with creatures within a fully on-chain gaming environment. The project utilizes the Apex chain, a blockchain developed by the gaming studio Proof of Play, as detailed in the project’s recently released “litepaper.”
The litepaper states, “At the time of this litepaper’s publication, the game comprises over 300 smart contracts, with all game logic functioning on the chain. Our current player base generates more than 1 million transactions daily through in-game activities on Proof of Play’s Apex chain. Throughout much of Pirate Nation’s initial Season, Apex has consistently ranked among the top 3 EVM (Ethereum Virtual Machine) based L2’s/rollups for transactions per second (TPS) and gas per second (MGas/s).”
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