What is PlayDapp?
The PlayDapp token, or PLA, is the native utility token powering the PlayDapp ecosystem. The latter is a GameFi platform with an integrated marketplace for NFTs.
PLA is based on the ERC-20 token standard.
It’s mainly used as a medium of exchange within the global C2C marketplace. PLA tokens can be used to buy, sell, and trade in-game items, such as characters and pets, in the form of NFTs.
A share of PLA tokens per every transaction is also rewarded to dApp developers.
There is a total supply of 700,000,000 PLA tokens. Given its deflationary supply, there's a chance that the PLA price will grow as the tokens become more scarce.
The PlayDapp tokens have been allocated as follows:
- 455,000,000 - Investors and Partners;
- 100,000,000 - Ecosystem;
- 95,000,000 - Core Team;
- 25,000,000 - Advisors;
- 25,000,000 - Marketing Efforts.
Since PLA is a cryptocurrency, it tends to be highly volatile. In order to make an informed purchase decision, you can have a more in-depth look at the PlayDapp price history, or the current PLA price, on the graph above.
What are the Main Features of PlayDapp?
As discussed in the What is PlayDapp section, PlayDapp is a blockchain gaming ecosystem. It’s a multi-chain project. This means it runs on Ethereum, Polygon, Solana, and Link, with more blockchains to come.
Users can buy, sell, and trade in-game items and digital assets through PlayDapp’s interoperable C2C marketplace. It’s built on the layer 2 solution provided by the Polygon network.
All games launched on PlayDapp can offer in-game items and other content through the C2C marketplace.
Since it’s possible to buy and sell in-game items, such as characters or their equipment, users can utilize this feature to earn crypto rewards. For example, taking a low-level character and leveling it up, or increasing the stats of a special weapon and then putting it up for sale on the C2C marketplace.
Besides providing an NFT marketplace, PlayDapp also publishes blockchain games. Some of their popular titles include CryptoDozer, DozerBird, and ASTA, among many others.
Moreover, PlayDapp allows developers to take their apps and turn them into dApps as well as create NFTs. This is done through PlayDapp SDK - a suite of tools for building blockchain-based projects.
One of the main goals of the PlayDapp crypto project is to introduce regular gamers to blockchain-based games, as well as provide an opportunity to earn crypto rewards by simply participating within the PlayDapp ecosystem.
The fairness of the ecosystem is secured via Chainlink’s VRF, known as Verifiable Random Function.
It's important to do your research before diving into any blockchain-based project. In the case of PlayDapp, you can start by analyzing the PLA price history on the graph above.
Who Developed PlayDapp?
The PlayDapp crypto project was launched in 2017 by a South Korean team from SuperTree.
According to the project’s official website, the core team consists of 70 experienced professionals from the gaming industry. Many of them have gathered their experience at major companies such as Samsung, Naver, Korea Development Bank, and Netmarble.
PlayDapp has partnered with companies like Samsung, Line, and Sandbox, among many others. With its help, the Samsung C&T division has released “The Meta Everland” based on a real theme park in South Korea.
Besides, they have recently become partners with Redbrick in order to work on the content for the metaverse.