Proof of Play Archives - Top Crypto Game https://topcryptogame.com/tag/proof-of-play/ The latest crypto news! Wed, 28 Aug 2024 16:48:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png Proof of Play Archives - Top Crypto Game https://topcryptogame.com/tag/proof-of-play/ 32 32 Proof of Play launches Pirate Nation onto Boss Chain as part of its multichain vision https://topcryptogame.com/proof-of-play-launches-pirate-nation-onto-boss-chain-as-part-of-its-multichain-vision/ https://topcryptogame.com/proof-of-play-launches-pirate-nation-onto-boss-chain-as-part-of-its-multichain-vision/#respond Wed, 28 Aug 2024 16:48:35 +0000 https://topcryptogame.com/proof-of-play-launches-pirate-nation-onto-boss-chain-as-part-of-its-multichain-vision/ To support the growth of its popular browser RPG Pirate Nation, US-based developer Proof of Play has announced the launch of a second blockchain – Boss Chain. Players of fully onchain game Pirate Nation are reportedly generating more than 2 million transactions a day, which are currently processed by Proof of Play’s initial Arbitrum L3 […]

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To support the growth of its popular browser RPG Pirate Nation, US-based developer Proof of Play has announced the launch of a second blockchain – Boss Chain.

Players of fully onchain game Pirate Nation are reportedly generating more than 2 million transactions a day, which are currently processed by Proof of Play’s initial Arbitrum L3 chain Apex. As a result, it’s reached max capacity.

With the number of players and transactions continuing to increase, Proof of Play has revealed what it calls its multichain approach, which will see the launch of Boss Chain, the first of what it’s calling “a constellation of interconnected chains”.

In regards to players, they will be able to trade assets across these chains with no bridging required thanks to marketplace interoperability.

And to mark the launch, Proof of Play encouraged players to migrate to the new chain by gifting them Boss Skins for their ships, with the allocation of 20,000 migrating players quickly filled earlier this week.

Proof of Play’s blockchain vision has always reached beyond Pirate Nation.

In a previous interview with BlockchainGamer, CEO Amitt Mahajan explained that the game is more of an experiment as part of a deeper web3 ecosystem. Indeed, through a network of chains, the developer hopes to accommodate the exponential growth to millions of players of fully onchain games. 

“To scale to any significant number of users, transactions need to be distributed across multiple chains using the blockchain as an advanced database. During my time developing Farmville, we had to manage around 64 databases to support 30 million daily active users and prevent the game from crashing. This is why Proof of Play is building the multichain – to store data and ensure seamless scalability,” he said.

Stay up-to-date via Pirate Nation’s X channel.

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Proof of Play partners with BasedVC https://topcryptogame.com/proof-of-play-partners-with-basedvc/ https://topcryptogame.com/proof-of-play-partners-with-basedvc/#respond Wed, 17 Jul 2024 15:01:00 +0000 https://topcryptogame.com/proof-of-play-partners-with-basedvc/ US web3 game developer Proof of Play has announced it will join investment platform BasedVC, adding utility to the company’s PIRATE token. Facilitating co-investments in early stage rounds from retail communities, BasedVC is backed by Sublime Ventures, and operates as a Canadian GP-LP licensed fund. As the official investment arm of Neo Tokyo, BasedVC claims […]

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US web3 game developer Proof of Play has announced it will join investment platform BasedVC, adding utility to the company’s PIRATE token.

Facilitating co-investments in early stage rounds from retail communities, BasedVC is backed by Sublime Ventures, and operates as a Canadian GP-LP licensed fund. As the official investment arm of Neo Tokyo, BasedVC claims it has over 20,000 daily active users on its platform. The company also claims to have deployed over $65 million in capital over the last year, including investments into games such as Nyan Heroes, Shrapnel, and Heroes of Mavia.

In terms of Proof of Play, it will officially partner with Neo Tokyo, Bored Ape Yacht Club, Cyberkongz and other blue-chip web3 and NFT projects to join the BasedVC ecosystem.

Proof of Play CEO Amitt Mahajan said that the partnership “will give us an active role in upcoming web3 initiatives, as well as be an added set of utility and a driving force for the PIRATE token holders. We’re excited to offer utility while rewarding our dedicated community, one of the most important principles for Pirate Nation.”

BasedVC offers its community members a gated NFT platform where they can stake either their own or their partner tokens and then find available investment opportunities. Members can then commit their funds directly to their selected projects, with BasedVC managing the execution and post-investment support, including delivering the vested tokens to the members’ wallets.

“We’re right at the nexus of everything in blockchain that’s changing the world we live in,” said BasedVC managing partner and head of strategy Rudy De La Cruz. 

“BasedVC is giving average investors a way to invest in these opportunities, early, so that they can profit from the explosive, early growth, just like traditional VC firms do.”

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71% of PIRATE staked into Proof of Play as token price rises 170% following launch https://topcryptogame.com/71-of-pirate-staked-into-proof-of-play-as-token-price-rises-170-following-launch/ https://topcryptogame.com/71-of-pirate-staked-into-proof-of-play-as-token-price-rises-170-following-launch/#respond Fri, 14 Jun 2024 13:16:10 +0000 https://topcryptogame.com/71-of-pirate-staked-into-proof-of-play-as-token-price-rises-170-following-launch/ As announced at the start of June 2024, blockchain gaming company Proof of Play launched its PIRATE token on 13th June. PIRATE has gained early momentum – up 170% in one day – following listings on major crypto exchanges including Coinbase, Gate.io, Bybit, and more. More significantly, although the token could be claimed and traded […]

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As announced at the start of June 2024, blockchain gaming company Proof of Play launched its PIRATE token on 13th June. PIRATE has gained early momentum – up 170% in one day – following listings on major crypto exchanges including Coinbase, Gate.io, Bybit, and more.

More significantly, although the token could be claimed and traded immediately at launch – around 29,000 wallets have claimed to-date – 71% of claimed tokens have been staked back into the Proof of Play ecosystem. In return these holders are offered PoP points, which serve as a reward to early supporters and users of Proof of Play’s larger network of games and infrastructure.

To-date social RPG Pirate Nation is the only game released by the team, but the plan is to make multiple games, all powered by Proof of Play’s native Arbitrum-based Apex blockchain. 

To this end, users who stake their tokens at the time of claiming them, get a +50% multiplier. 15% of the total token supply was distributed in Season 1, and every three months, users can claim a further share of their allocation, with the team and investors waiting for 12 months before they can start their claims. 

Similarly to Neon Machine’s SHRAP token, the team has also introduced a “spend from stake” feature, enabling PIRATE stakers to use their tokens without having to unstake them.

Consisting of gaming veterans from Epic Games, Zynga, EA, and Activision, Proof of Play is helmed by co-founder and CEO Amitt Mahajan. 

“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,” said Mahajan.

“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.”

Discover more about Proof of Play in our interview with CEO Amitt Mahajan, and learn more about Pirate Nation and its tokenomics via the game’s litepaper.

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Pirate Nation is launching its PIRATE token on 13th June https://topcryptogame.com/pirate-nation-is-launching-its-pirate-token-on-13th-june/ https://topcryptogame.com/pirate-nation-is-launching-its-pirate-token-on-13th-june/#respond Wed, 05 Jun 2024 19:45:23 +0000 https://topcryptogame.com/pirate-nation-is-launching-its-pirate-token-on-13th-june/ US developer Proof of Play has unveiled details of its forthcoming PIRATE token, which is set to launch on 13th June 2024. Based on Ethereum, PIRATE is an ERC20 utility token with a total supply of 1 billion. Among other functions, it will be used in the developer’s turn-based browser RPG Pirate Nation to purchase […]

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US developer Proof of Play has unveiled details of its forthcoming PIRATE token, which is set to launch on 13th June 2024.

Based on Ethereum, PIRATE is an ERC20 utility token with a total supply of 1 billion. Among other functions, it will be used in the developer’s turn-based browser RPG Pirate Nation to purchase gems, cosmetics and other in-game activities.

The integration of gems is scheduled to take place a few days following the token’s launch, alongside the start of Season 2. Gems will be the game’s hard currency filling various in-game purposes such as timer speed up and to cover missing resources. It can only be acquired using PIRATE.

In terms of the token launch, only Pirate Nation players during season 0 and 1, and NFT holders, will be able to claim PIRATE at TGE.

In terms of its overall distribution

  • 47% of tokens is allocated to the community, 
  • 28% to the team,
  • 13.25% to the Proof of Play ecosystem, and
  • 11.75% to investors and advisors.

In the days leading up to the TGE, the team will introduce a litepaper with more details of the PIRATE token as well as in-game utility, staking, and the wider Proof of Play ecosystem.

Discover more about Pirate Nation and its broader vision for fully onchain gaming in our interview with Proof of Play CEO Amitt Mahajan, play the game via its website, and follow Pirate Nation on X.

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