Tamagotchi Crypto Remake PlayDoge Unveils Ethereum Staking And Multi-Chain Bridging After Raising Almost $4m In First Two Weeks

Join Our Telegram channel to stay up to date on breaking news coverage

Barely two weeks into an ICO that has so far raked in $3.6 million, Play-to-Earn (P2E) meme coin PlayDoge ($PLAY) has gone multi-chain, announced Ethereum staking, in addition to existing staking on its home chain BNB.

Today’s news means that PlayDoge’s $PLAY token is now on both Ethereum and BNB Chain, with an option to bridge between both. However, BNB Chain remains the primary chain as it will be used in the eponymous upcoming 8-bit P2E game’s ecosystem.

PlayDoge combines the iconic Doge meme, which has inspired six of today’s ten biggest meme coins by market capitalization, with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.

For those who want to get a headstart on the potentially explosive upside before the game’s launch, there is an ongoing presale. At present, investors can snap up the tokens for a low price of only $0.00506 each.

Only a day remains until the presale enters its eighth stage (of forty), where the token price will rise to $0.00508, so early birds get to lock in $PLAY at what could potentially be the lowest possible price for the remainder of the year.

Once the game launches and $PLAY hits the open market the potential upside could send the token soaring.

Meme Coin And P2E Summer Has Arrived

The demand for meme coins is heating up this summer…

In April alone, CoinMarketCap recorded a total of 138 new meme coin listings. Currently, the total meme-based crypto market cap stands at a sweltering $63 billion.

These coins attract lasting gains for their holders. Those who bought market leader and original canine meme coin, Dogecoin ($DOGE), saw their bags swell by 142% over the last 365 days. Meanwhile, diamond-handed Floki ($FLOKI) holders are 59% richer than they were this time last month and an eye-watering 1,232% better off than they were if they bought in at this time last year.

While intraday gains have slowed down for a period of consolidation, it’s worth noting that PlayDoge’s other coin category, Play-to-Earn (P2E), is also cooking this summer.

The global video game market is expected to reach a staggering $665 billion by 2033, according to Precedence Research, and one of its latest innovations is mobile P2E games, with the Play-to-Earn gaming category on CoinGecko increasing to a total market cap of around $13 billion in June 2024.

A Dog-Themed Meme Coin With A Touch Of 90s Gaming Nostalgia

PlayDoge is not just another meme coin. It’s a monetized tamagotchi remake in Web3, with $PLAY serving as the in-game currency.

Fans of the 90s handheld digital pets will be delighted to see how PlayDoge gives them strong incentives to rekindle their childhood and become attentive virtual pet owners again.

This time, their positive efforts towards pet care will accumulate XP for them as they tend to the needs of their virtual Shiba Inu and embark on exciting in-game adventures and mini-games.

Players with the most XP on the game’s leaderboard will receive bonus $PLAY tokens and exclusive rewards.

And those that have bad memories of tamagotchi the first time round need not fear: the difficulty curve on PlayDoge is a lot more forgiving, making him a much more resilient pet than the tamagotchis you probably remember.

An additional way of earning $PLAY is through the game’s staking functionality, allowing users to earn tokens passively. Early staking participants can enjoy a generous APY of 327% on Ethereum and 92% on BNB Chain.

Due to the staking contracts being different for Ethereum and BNB Chain, the APY will vary between chains and the amount staked.

With this innovative fusion of two beloved themes – the iconic Doge meme and Tamagotchi – PlayDoge creates a vibrant gaming economy within the rapidly growing meme coin crypto subsector.

PlayDoge Blends Meme Coins, P2E, And Gaming Remake Sectors

While PlayDoge can be classified a meme coin, it is by no means just that. In reviving a popular 8-bit 90s game, it’s also channeling the thriving nostalgia of the game remakes sector.

Last year was labeled the golden era of game remakes. But even prior to that, sales of major remakes had already doubled from 2018 to 2020.

And despite 2022’s crypto winter, the Web3 gaming and metaverse industry still saw substantial investment last year of around $2.9 billion, as reported by DappRadar.

These trends show that PlayDoge’s monetized Tamagotchi remake rides the sweet spot between game remakes, Play-to-Earn and meme coins.

And with the P2E element – another popular sub-sector of crypto gaming that is sure to enjoy a strong breakout – it’s hardly surprising that YouTube influencers from 99Bitcoins to ClayBro all see PlayDoge as the next big meme coin:

Get Ahead On PlayDoge’s Lovable Tamagotchi Remake With $PLAY

As mentioned earlier, the PlayDoge app is currently in development, but this sweltering presale will likely propel it quickly through the next stages of its roadmap.

PlayDoge allocates a total of 50% of its 9.4 billion token supply, roughly 4.7 billion $PLAY tokens, to its presale, while 12%, or 1.128 billion tokens, are allocated to staking.

It is also worth noting that $PLAY’s home chain is the Binance Smart Chain, now called BNB Chain. This fact alone will significantly facilitate a potential Binance listing, when the P2E game and its native utility token $PLAY take off.

Binance is the world’s largest centralized exchange so a listing there would be a major valuation booster because of the liquidity that would potentially flood into $PLAY trading pairs.

BNB Smart Chain is Binance’s in-house blockchain. The global exchange giant boasts a market share of 49% as of March 2024.

Moreover, PlayDoge’s smart contract is fully audited by SolidProof, which gives prospective investors peace of mind about the project’s security.

Joining the presale is easy: connect your wallet and start purchasing $PLAY using BNB, ETH, or USDT. PlayDoge also offers the option to use credit cards.

To keep up with the latest information about the project, you can connect with the community via X and Telegram.

Visit the PlayDoge website to buy in at presale prices now.

PlayDoge (PLAY) - Newest Launch On BNB Chain

Rating