NFTs
Crypto Game Pirate Nation activity spikes ahead of token launch
Proof of Play’s Apex chain is processing more daily transactions than all Ethereum Layer 2 networks after Base and Arbitrum.
Pirate Nation, an on-chain role-playing game (RPG) that operates on its own Layer 3 blockchain based on Arbitrum Orbit, is set to launch its PIRATE token on Thursday, and players have been increasing their activity ahead of the event.
“We are excited. PIRATE will be useful on day one of the game (we just airdropped the gems, but they can’t be purchased until after airdrop claim), and we’ll be releasing more information about staking soon,” team member and ‘ Chief Loot Dealer’ Dith he told The Defiant.
Daily transactions on the Apex network reached an all-time high of 1.46 million on June 8 as the game’s first seasonLoot Points‘ program has come to an end. These points will be converted into PIRATE token allocations.
Apex Daily Transactions
Apex chain transaction throughput is currently above all Ethereum Layer 2 networks except Base and Arbitrum, according to a panel maintained by rollup provider Conduit.
Pirate Nation and Apex are developed by Proof of Play, a game studio that raised US$33 million last year in a seed round led by a16z and Greenoaks.
As the name suggests, the game revolves around pirate characters, who can be sent on various missions to collect resources that are used to create new items such as ships. Pirate Nation is free to play. However, having a Founder’s Pirate grants enhanced abilities.
PIRATE will have a total supply of 1 billion tokens, with 47% allocated to community initiatives such as the upcoming airdrop and future points seasons. The team keeps 28% and the investors 11.75%, with the remaining 13.25% reserved for the development of the ecosystem.
Disclosure: Author owns NFTs from Pirate Nation.