According to BlockBeats, on July 12, the token for the blockchain game Pirate Nation, PIRATE, is currently priced at $0.3302, marking a 24-hour increase of over 34.8%. The tokenomics of Pirate Nation indicate that staking PIRATE tokens can earn Proof of Play points.

Pirate Nation is developed by the blockchain gaming startup Proof of Play. In September of last year, Proof of Play completed a $33 million seed funding round, co-led by a16z and Greenoaks. Other notable participants in this funding round included Ravikant, an early investor in Uber and Twitter, Balaji Srinivasan, and Twitch founders Justin Kan and Emmett Shear, as well as Mercury, Firebase, Zynga, and Alchemy.