Pirate Nation announced the conclusion of the $PIRATE token rewards program as part of the third season of Infinite Tides. This decision marks a significant shift in gameplay approach.
Changes in Reward System
The updated version of Pirate Nation has ended its token rewards program which previously rewarded players for their engagement. The new format requires a Founder's Pirate or VIP Pass to enter ongoing competitions, lasting until August 4.
CEO's Perspective on P2E
CEO Amitt Mahajan stated that the Play-to-Earn model is "fundamentally broken". He noted that the studio would stop distributing tokens to participants whose activities do not align with the long-term vision of the company. A new token framework is currently in development.
Future of Pirate Nation
Pirate Nation remains fully on-chain, backed by investment firm a16z, with plans to expand into mobile platforms and reach a broader audience.
The changes in the reward structure within Pirate Nation highlight a shift towards a more sustainable gaming model that aligns with the new expectations of participants.
