Pirate Nation NFTs have caught the attention of investors after its recent surge. The role-playing game has seen its tokens soar in value, with daily trading volumes surpassing 475 ETH.
What are Pirate Nation NFTs
Pirate Nation is a collection of NFTs running on the Ethereum network. These NFTs are part of a pirate-themed role-playing game (RPG) called Pirate Nation. Players can build ships, recruit pirate crews, engage in battles, or search for treasures. The game’s content is fully on-chain, ensuring its security and longevity as long as the blockchain exists.
Furthermore, Pirate Nation operates on both the Ethereum and Arbitrum Nova networks, which makes it resilient and interoperable with various games. Users can also manage their private ERC20 wallets and validate all transactions generated by the game’s smart contract. Once made, transactions cannot be undone, reversed, or restored.
PirateNation Token, Tokenomics, and Listing
Pirate Nation’s token, PIRATE, is an ERC20 utility token used within the game. Players can use PIRATE to purchase in-game gems or stake them for rewards. The tokenomics of PIRATE stands at 1,000,0000,000, with shares allocated within the community. 47% goes to the Pirate Nation community, 28% to the Proof of Play team, 13.25% will be given to the Pirate Nation ecosystem, and 11.75% will be allocated to proof or play investors and advisors.
Image from Pirate Nation/Medium
Recently, PIRATE secured listings on major exchanges like Coinbase and Crypto.com. Crypto.com users can purchase PIRATE with multiple fiat currencies, such as USD, EUR, and GBP, and use it at millions of merchants globally. This listing follows a successful seed round where Proof of Play, the crypto gaming studio behind Pirate Nation, raised $33 million from investors like a16z crypto and Naval Ravikant.
A16z-backed Proof of Play’s crypto game “Pirate Nation” secured a token listing on Coinbase shortly after its launch on Thursday. According to a statement, “PIRATE is an ERC-20 token on Ethereum Mainnet and serves as a utility token for ‘Pirate Nation.'” The token launched Thursday at midnight EST and had risen over 90% to $0.28 as of 3:33 p.m. EST, according to CoinGecko.
Amitt Mahajan, the FarmVille co-creator and former Zynga executive who runs Proof of Play stated, “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.”
Pirate Nation Surges by Over 1000% to Surpass 475 ETH Volume
Following its latest token launch, Pirate Nation surged to over 1000%. The daily trading volume exceeded 475 ETH. On the day of its launch, the PIRATE token rose by more than 90%, reaching $0.28. More so, the listing on Coinbase announced midday on the launch day contributed to this surge.
As of now, Pirate Nation boasts 9,999 items, 2,115 owners, and a total volume of 4,893.18 ETH. The floor price is currently 0.908 ETH, with an average 24-hour price of 0.8525 ETH and 444 sales in the last 24 hours. The Web3 gaming space may be finally heating up, with big-budget releases like “Shrapnel” and “Illuvium” competing for attention while simple 2D, Telegram-based titles like “Hamster Kombat” claim to be wooing millions of players.
Conclusion
Pirate Nation’s latest token launch has contributed to an increase in activity and value. The combination of engaging gameplay, strong tokenomics, and strategic listings on major exchanges like Coinbase and Crypto.com has all been part of Pirate Nation’s success. What does the future hold for this NFT? We will see as the story unfolds.
Cover Image Source From Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
