What is PlayDapp gaming crypto? PLA token’s trading volume soars

March 24, 2022 05:55 PM AEDT | By Ankit Sethi
Follow us on Google News:


  • KRAFTON has lately announced its partnership with a blockchain network Solana
  • PlayDapp claims it enables the moving of existing games to blockchain technology
  • The PLA token of the project has appreciated lately, but it has also shown volatility in the past

There must be something about blockchain gaming that is seemingly drawing the interest of so many. The latest addition to the story is the coming together of KRAFTON and Solana. The former is popular for its PUBG game, while the latter is one of the leading blockchain networks.

How this partnership works out in the coming months is a wait-and-watch game. But the gaming and blockchain combination may remain one of the top trends in cryptos.

This may be because the combination has features like non-fungible tokens (NFTs), native tokens, and gaming verses, which many equate with metaverses or virtual reality. That aside, one platform seems to be already providing services to developers to help them take their gaming projects to blockchains.

What is PlayDapp platform?

PlayDapp claims to be a provider of a Software Development Kit (SDK) to users, enabling them to move an existing game to a blockchain network.

Also read: Bombcrypto game: How has BCOIN token fared so far in 2022?

A few games of the PlayDapp project include CryptoDozer and DozerBird. PlayDapp is a decentralized application or DApp, which states providing an SDK to infuse NFT features to a game as its primary service.

Claiming to be a participant in the play-to-earn space, which has players like Axie Infinity, the PlayDapp project is betting on its “interoperable NFTs”. The whitepaper mentions that users can access a “portfolio” of gaming content with their NFT holdings.

PlayDapp crypto (PLA)

The utility crypto token of PlayDapp, PLA, is based on Ethereum blockchain’s ERC-20 standard. The PLA token enables transactions within the PlayDapp ecosystem.

Also read: Can PancakeSwap (CAKE) token sustain its rally?

PlayDapp crypto price

Though not a large market cap crypto, PlayDapp is in the top 200 crypto assets on the CoinMarketCap list. As of writing, it had a market cap of over US$370 million. The token was trading at nearly US$1.

The price had gained over the past 24 hours, and so had the trading volume, which was up by over 500 per cent. That said, the PLA token reached a price of over US$3 in November 2021, but it fell to nearly US$0.7 in late-January 2022. Due to this volatility, PlayDapp crypto’s price prediction is not possible.

PlayDapp crypto price fluctuation

Data provided by CoinMarketCap.com

Also read: Is Grayscale’s new fund behind Cardano’s ADA recent rally?

Bottom line

As KRAFTON joins forces with the Solana blockchain, it may add more sheen to blockchain-powered games. PlayDapp is providing SDK services, and it has NFT features. The PLA token has risen sharply of late, but how it behaves in the medium-to-long term cannot be said with certainty due to the volatility the token has exhibited in the past.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK