Coinbase has recently introduced support for the newly launched native token of a pirate-themed, blockchain-based role-playing game. Customers of the top US crypto exchange now have the ability to trade PIRATE, a utility and staking token designed for the game Pirate Nation. The token, which is Ethereum (ETH) based, was launched on Wednesday and has seen an impressive 90% increase in value within its first 24 hours.

Coinbase has included support for this asset within its “Experimental Label” category, which is reserved for tokens with higher risks and lower liquidity. In addition to Coinbase, Gate.io, a Cayman Islands-based exchange, and Coins.ph, a Philippines-based exchange, have also introduced trading services for PIRATE.

Pirate Nation offers players the opportunity to form crews, construct ships, explore islands, hunt for treasure, and engage in battles with creatures within a fully on-chain gaming environment. The project operates on the Apex chain, a blockchain created by the gaming studio Proof of Play, as outlined in the project’s recently released “litepaper.”

According to the litepaper, “At the time of publication, the game consists of over 300 smart contracts, with all game logic existing on-chain. Our current player base generates over 1 million transactions through in-game actions on Proof of Play’s Apex chain every day. Throughout much of Pirate Nation’s first Season, Apex has ranked among the top 3 EVM (Ethereum Virtual Machine) based L2’s/rollups for transactions per second (TPS) and gas per second (MGas/s).”

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