How To Buy PlayDapp (PLA)?

A common question you often see on social media from crypto beginners is “Where can I buy PlayDapp?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy PlayDapp on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports PlayDapp (PLA)

First, you will need to open an account on a cryptocurrency exchange that supports PlayDapp (PLA).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase PlayDapp (PLA) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy PlayDapp (PLA)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for PlayDapp (PLA) or PlayDapp (PLA) trading pairs. Look for the section that will allow you to buy PlayDapp (PLA), and enter the amount of the cryptocurrency that you want to spend for PlayDapp (PLA) or the amount of fiat currency that you want to spend towards buying PlayDapp (PLA). The exchange will then calculate the equivalent amount of PlayDapp (PLA) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of PlayDapp (PLA) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is PlayDapp (PLA)?

PlayDapp is a blockchain gaming platform that aims to make digital assets accessible to the masses. The platform seeks to develop a portfolio of interoperable blockchain games, where users can utilize NFTs and in-game assets across different game titles.

The platform games are designed to be interoperable, which creates a portfolio of gaming content that increases the value of the NFTs through leveling up, strengthening, and combining them.

The protocol consists of the following major components working in conjunction:

• C2C Marketplace:A marketplace for users to purchase in-game assets, and trade NFTs with each other.
• PlayDapp SDK:Developer tools to help developers or companies to connect their assets and integrate their systems.
• Interoperable NFTs:When users play a new game within the PlayDapp platform, Interoperable NFT can serve as a reward for previous gameplay and a natural cross-promotion of new games.

What is the PLA token?

PLA is the native utility token of the platform and has the following use cases:

• In-game Transactions:PLA is the in-game currency of the games on the PlayDapp platform and marketplace.
• Play-to-earn Incentives:Users can earn PLA tokens as rewards for in-game activity, and compete in ranked PVP battles.

PlayDapp development updates in 2023

PlayDapp, an innovative gaming platform, has made significant strides in 2023, particularly in the blockchain gaming sector. The following highlights encapsulate the key technological advancements, updates to the network, and notable changes to the platform:

• Gaming Ecosystem Enhancement: PlayDapp has been focusing on elevating its Play-to-Earn (P2E) model, aiming to provide a diverse and engaging gaming experience. This includes the addition of various game genres like MMORPGs, battle royales, and RPGs to its library, as well as the inclusion of metaverse elements and tournaments.

• Interoperable Gaming Marketplace: A notable feature of PlayDapp is its gaming marketplace, which allows for the interchangeability of gaming items across different games and intellectual properties. This marketplace promotes player-to-player interactions and trade, enhancing the overall gaming experience.

• NFT Integration and Advancements: PlayDapp has emphasized its Non-Fungible Token (NFT) offerings. The platform enables the conversion of gaming items into NFTs through its Software Development Kit (SDK), which includes third-party items from Web2-based games. This advancement has further integrated blockchain technology into gaming.

• Developer Support and Tools: PlayDapp provides a set of tools for game developers, including the PlayDapp SDK, which assists in integrating games with the PlayDapp platform and transitioning games to blockchain technology. This support extends to PlayDapp’s C2C marketplace, where developers can list their in-game assets as NFTs.

• Player Incentives and Opportunities: Players on the PlayDapp platform benefit from the Play-to-Earn incentives, allowing them to earn PLA tokens for in-game activities. They also have opportunities to trade, stake, and enhance the value of their in-game assets.

• Security Measures and Community Trust: PlayDapp has implemented various security measures to protect user data, including pseudonymization, encryption, and access controls. The active role of the community in verifying assets and builds contributes to the platform’s reliability and trustworthiness.

• PLA Tokenomics: The PLA token, integral to the platform’s economy, is used for transactions, staking, and governance. Its total supply is capped at 700 million tokens, with a significant portion currently in circulation. The token is available for trading on major exchanges like Binance.

• Future Outlook and Challenges: While PlayDapp is driving innovation in the P2E sector, it faces challenges common to the sector, such as the quality of gaming titles and the ease of navigation within its services. The future of PlayDapp is closely tied to the overall performance of the P2E and GameFi sectors.

These developments reflect PlayDapp’s commitment to enhancing its platform’s functionality and user experience, contributing to the broader evolution of blockchain-based gaming​​​​​​.

Official website: https://playdapp.com/

Best cryptocurrency wallet for PlayDapp (PLA)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for PlayDapp (PLA)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).