PlayDapp is a blockchain gaming platform and non-fungible token (NFT) marketplace with the vision to make digital assets more valuable and accessible for everyone. PLA is an ERC20 token that powers PlayDapp and is the primary token for transaction payments. Game developers and decentralized application operators can also receive PLA when players make in-game purchases or trades.
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Read on to learn everything you need to know about the PlayDapp ecosystem and the PLA PlayDapp cryptocurrency.
What Is PlayDapp
PlayDapp (PLA) operates as a blockchain gaming ecosystem that combines interoperable NFTs and the security of the Ethereum blockchain. It enables players to purchase various game characters as crypto coins that can be traded within the games or on the C2C marketplace within the blockchain.
The main goal of PlayDapp is to bring users as many opportunities as possible by providing a blockchain platform for dApp developers to launch games and attract more users to play games on the platform. To bring non-crypto gamers into blockchain games, PlayDapp has developed gaming solutions, which allow playing without cryptocurrencies.
Games by PlayDapp are interoperable, which means users can have a portfolio with diverse game content and NFTs (non-fungible tokens). Users can trade their digital characters and items on the marketplace and make their NFTs valuable by leveling up, merging, and strengthening them.
Using the PlayDapp Software Development Kit, developers can integrate their games with PlayDapp, become a part of the service ecosystem, and get ecosystem participation rewards.
PlayDapp token (PLA) is a digital asset used within the PlayDapp Blockchain gaming ecosystem to purchase and trade NFT items within games and with the global C2C marketplace 'playdapp.com'. PLA has a maximum supply of 700 million tokens. 455 M was allocated to investors and partners of the project, 100 M to the PlayDapp ecosystem, 95 M was distributed to the team, 25 M to the advisors, and 25 M to marketing purposes.
The PlayDapp PLA price is volatile. Different factors have an impact on it, for instance, the supply and demand for PLA tokens at the moment, general market conditions, the protocol's development, etc. As of January 6, 2021, the PlayDapp price reached its all-time high of $3.68 on October 31, 2021. The price of PlayDapp today is $1.25, and its market capitalization is above $311.4 million.
PlayDapp Founders
PlayDapp was founded in 2017 in Seoul, South Korea. Among key members of the PlayDapp team are - CEO Brian Choi, Head of Business Sangwon Chung, Head of Management Kiyong Choi, Head of Strategy Lee Seung Mok, Head of Game Business Namho Kang, and others.
In 2017, PlayDapp launched its first game Mandrake Boys; in 2019, the game Crypto Dozer went live; and in 2020, the marketplace launched the PlayDapp (PLA) token.
The platform also launched on Polygon. PlayDapp has multichain support for various blockchains such as Ethereum, Polygon, Solana, Klaytn, etc. In 2021 PlayDapp launched its Play-to-Earn, strategy RPG (role-playing game), "Along with the Gods." On the C2C marketplace, users can trade digital assets like game characters, keys, pets, etc.
The ecosystem presents a diverse portfolio of interoperable games and NFTs.
How Does PlayDapp Work
All games and NFTs in the PlayDapp blockchain gaming ecosystem are interoperable, expanding its services. NFTs from previous gameplays can serve as rewards for users, thus motivating them to play more.
On the NFT marketplace, users can buy, trade, and auction NFTs. To auction NFT on the platform, users need to:
- Select the "auction" option
- Choose the currency they want to sell their assets for, WETH or PLA
- Choose the minimum bid they agree to sell their NFTs for
- Set how long the auction will last
- Use the check box to receive email notifications of bids (If sellers find that some bid is what they expect, they can end the auction earlier)
- Post the listing to start the NFT auction
According to the Play to Earn structure, the game's revenue is re-invested into user activities in the form of game items that players can earn. Users can exchange items with each other on the marketplace, sell the assets and get PLA tokens.
It's possible to exchange or sell PlayDapp tokens on decentralized and centralized crypto exchanges.
In this model, platform and game developers receive income formed by transaction fees of the sales.
PlayDapp SDK
The Software Development Kit (SDK) of PlayDapp provides a blockchain game management service to game developers who intend to create blockchain infrastructure. PlayDapp SDK supports a variety of solutions, including the transformation of general game items into blockchain-based assets, their management, operation, data analysis, and dashboard services after a product goes live.
The development service supports NFT transactions between users worldwide by linking with the PlayDapp Marketplace. Also, PlayDapp SDK provides NFT interoperable games and rewards users for participating in the ecosystem.
PlayDApp encourages traditional game developers to adopt blockchain technology and enter the blockchain space. The SDK is available in the form of a blockchain plug-in to "GamePot."
Playdapp Land
At the end of 2021, Playdapp launched its metaverse platform PlayDapp Land on the online game platform Roblox. Beforehand, the company had launched PlayDapp Land's alpha version PlayDapp Town.
PlayDapp Land combines Metaverse and NFTs. In addition to the P2E (Play to Earn) experience, through which users receive NFTs, it also presents an environment where NFTs can be used as avatars, pets, etc.
PlayDapp Land is a social community-based lifestyle metaverse, where everyone can participate. Users can experience various jobs and play as farmers, miners, police officers, etc. They can also purchase items.
In addition, PlayDapp Land participants can access educational content and mini-games.
PlayDapp Partners
Since its foundation in 2017, PlayDapp has built partnerships with several technology companies. Among PlayDapp's partners are Samsung, Polygon, EVR Studio, Line, The Sandbox, CLAF, Chainlink, DSRV Labs (Nonce), etc.
Since September 2020, the Samsung dApps service has supported PlayDapp games and the PLA token, which was added to the Samsung Blockchain Wallet.
Partnering with Polygon, PlayDapp launched the Polygon version of its NFT marketplace to increase the speed and security of the platform.
On November 22, 2021, PlayDapp announced a partnership with Seoul-based VR content development company EVR Studio to work on various metaverse, NFT, digital humans, and gaming projects.
With the launch of PlayDapp's CryptoDozer game on the Line blockchain, users of Line started collecting in-game assets as NFTs, creating, managing, and trading NFT items.
PlayDapp and The Sandbox, another popular blockchain gaming platform, collaborate to increase the utilization and monetization of non-fungible tokens via PlayDapp's PLA and The Sandbox's SAND cryptocurrencies. Users who create NFT items in The Sandbox can trade them on PlayDapp Marketplace.
Due to the partnership between PlayDapp and the game developer CLAF, the latter uses PlayDapp SDK for three of its games. The companies intend to realize mutual benefits in blockchain gaming.
PlayDapp's partnership with the decentralized oracle network Chainlink made the platform safer and more transparent for users, as the gaming platform integrated Chainlink's verifiable randomness function (VRF) into its services.
Signing a technical contract with the blockchain tech company DSRV Labs, PlayDapp has expanded its serviced mainnets to other protocols.
PlayDapp is a fast-growing company with an increasing number of partnerships.
How to Buy PlayDapp
It's possible to purchase PlayDapp (PLA) on various cryptocurrency exchanges. The most popular platforms that support the PLA tokens are Upbit, Coinbase, Binance, BKEX, Bitrue, etc.
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