Want to jump straight to the answer? You can buy PLA Tokens on Coinbase!
The world of blockchain gaming has exploded in recent months. Play-to-earn games like Alien Worlds and Axie Infinity demonstrate the enormous potential of blockchain-based gaming. With the growth of blockchain technology adoption, more gamers are seeing how this technology can be used to communicate, consume and participate in digital economies. Blockchain gaming offers more value and revenue streams for gamers than ever before. Gamers can be paid to play. Games that allow users to buy non-fungible tokens (NFTs), trade in-game assets and create virtual avatars is something that seems inevitable for anyone interested in the play-to-earn model.
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. PlayDapp wants to bring non-crypto game users into blockchain games through the PlayDapp service platform. PlayDapp will provide various blockchain networks and decentralized applications (dApps) to allow more users to play games on the PlayDapp service platform and become crypto game users.
PlayDapp successfully launched two game titles in 2019, demonstrating the possibility of digital asset movement between games, with 2020 seeing the PlayDapp marketplace launched and content expanded. Interoperable PlayDappTown NFT characters can be used across future PlayDapp games. Its vision is to make digital assets more valuable and accessible to everyone.
What is PLA?
PLA, the native token of PlayDapp, is a core utility token using the ERC20 standard. PLA acts as the primary fungible token for the processing of transactions from users. Game dApp developers receive PLA with each in-game purchase or trade after a reasonable transaction fee is deducted by PlayDapp. PLA is an Ethereum token used for the PlayDapp gaming platform and NFT marketplace. Game developers can also receive PLA when users make in-game purchases. The total token supply is 700,000,000.
Brief History of PLA
PlayDapp was founded in 2018 and commercialized in 2021, but the team has a long history in the worlds of gaming and IT. The team consists of 70 veteran developers, operators, marketers, and designers with leaders in the PC online and mobile gaming. Head of PlayDapp Business Sang Chung has two decades of experience in the Korean gaming and IT industry, and data scientist Chandler Kang has worked in the gaming industry for 18 years contributing to major projects such as Gumi Korea, ActozSofT and 2K China.
PLA is an Ethereum-based token, currently placed in the top 200 cryptocurrencies per CoinMarketCap rankings.
As of writing, the price of PlayDapp is around $1 with 24-hour trading volume that hovers around $100,000.
How to Buy PLA Crypto
If you would like to know where to buy PlayDapp, the top cryptocurrency exchanges for trading in PlayDapp are currently Coinbase Global Inc. (NASDAQ: COIN), Binance and Crypto.com. Use the following steps to buy PLA.
Open an online account.
Open an account with an exchange that supports it. Benzinga saves you time by compiling several for you below. PLA is available to send and receive via Coinbase. Note that Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Buy a wallet.
If you’re buying PLA to keep it for the long term, you may want to store PLA in a wallet. While an exchange will hold your money for you, a cold storage wallet gives you total control over your funds. If you are looking for an extra layer of security, you may want to store your PLA in a hardware wallet like Ledger or Trezor.
Best Hardware Wallet for PLA Tokens
Currently, the Ledger wallets are the only hardware wallets that support PLA. As PLA is based on a proprietary blockchain, most wallets are slow to add support. Ledger, however, is the industry standard when it comes to security and design. The wallet looks like a typical flash drive, but concealed under the sleek metal covering is an organic light-emitting diode (OLED) display for interacting with your device.
The Ledger Nano X is the follow up to the smash hit Ledger Nano S, which now comes in at an affordable $59. The S is similar to the X but lacks Bluetooth connection and the OLED display. If you’re not planning on using your Ledger on the go, then you’re fine saving some money and picking up the Nano S instead.
Best Software Wallet
PLA can be stored in your Coinbase Wallet, which is known as one of the safest digital currency wallets. It has several security features like two-factor authentication. Plus, the cryptocurrency wallet is integrated with decentralized finance applications, so you can trade digital assets directly from your wallet. PLA acts as the primary token for processing transactions on PlayDapp. Game developers can also receive PLA when users make in-game purchases.
Step 3: Make your purchase.
Now that you’re all ready to go, link your bank account with your exchange. Once your account is funded, find the PLA page and place an order.
The Blockchain Game Alliance report of 2021 shows how play-to-earn games are moving forward at incredible speed. The report highlighted the massive growth in this sector with game NFTs amassing over $4.5 billion in trading volumes and accounting for 20% of all NFT sales in 2021.
Trade, Sell or Convert your PLA
After you buy PLA, you can bridge it to the Polygon proof-of-stake ecosystem. Players can use PLA within the PlayDapp Marketplace and across PlayDapps's numerous interoperable games.
You can buy PLA on a centralized cryptocurrency exchange after you submit your details for verification. Coinbase is one of the most popular exchanges. If you want to sell PLA, you need to ensure that it is on Ethereum to convert it to fiat currency. You can also purchase PLA on decentralized exchanges such as Uniswap.
Current Crypto Prices
Bitcoin and Ethereum continue to lead the cryptocurrency market. After a rocky start to the year, the markets appear to be stabilizing. Many altcoins are in a downturn, but gaming and NFT projects have remained strong with record numbers of users and gamers getting involved in the space. Check out Benzinga’s table below for real-time cryptocurrency prices.
Is PLA a Good Investment?
With more in-game assets and an increased focus on better user experiences, more gamers are getting involved in the blockchain gaming industry. It is still early days in the Web3 gaming space and as projects like PlayDapp offer more ways for users to get involved, it is becoming easier for the general public to realize the potential of these types of tokens.
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