Coinbase has recently introduced support for the freshly minted native token of a swashbuckling, adventure-packed game built on the blockchain.
Customers of the leading US cryptocurrency exchange can now engage in trading of PIRATE, a token used for utility and staking in the game Pirate Nation.
This Ethereum (ETH) based token was launched just a day ago and has already seen an impressive surge of almost 90% in value.
Coinbase has included support for this asset in its “Experimental Label” category, which is reserved for tokens with higher risks and lower liquidity.
Joining in on the action, the Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph have also introduced trading services for PIRATE.
In the immersive world of Pirate Nation, players have the opportunity to form crews, construct ships, embark on island expeditions, hunt for hidden treasures, and engage in battles with fantastical creatures within a fully decentralized gaming environment.
This project operates on the Apex chain, a blockchain engineered by the gaming studio Proof of Play, as outlined in the project’s newly released “litepaper.”
The litepaper states, “At the time of this publication, the game consists of more than 300 smart contracts, with all gaming mechanisms residing on the chain. Our current player base is generating over 1 million transactions daily through in-game activities on Proof of Play’s Apex chain. During 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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