Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain.
The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation.
The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its first 24 hours.
Coinbase added support for the asset under its “Experimental Label,” a designation the exchange established for riskier, lower liquidity tokens.
The Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph also rolled out trading services for PIRATE.
Pirate Nation enables players to assemble crews, build ships, explore islands, search for treasure and battle creatures in a fully on-chain gaming ecosystem.
The project runs on the Apex chain, a blockchain developed by the gaming studio Proof of Play, according to the project’s newly published “litepaper.”
“At the time of publishing this litepaper, the game consists of over 300 smart contracts, all game logic lives on chain, and our current player base generates over 1 million transactions through in-game actions on Proof of Play’s Apex chain every day. Throughout much of Pirate Nation’s first Season, Apex has ranked within 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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