Lately, the British studio Prolific Game Studio has taken a daring step forward and released its very own online token, which is called PRO. The studio is set on this path of its evolution as it takes on the fast-growing, blockchain-based verticals to radically transform how gamers engage with games and in-game assets.
PRO is the current digital coin at $0.0002041, which has already set foot in the market and has been seen gaining a 5.29% up surge in the last one day of trading. As such, positive reception in both the gaming community as well as in the world of crypto trading has been ignited, discussions about the long-term influence of this relatively newly minted token on gaming are surfacing.
Combined with the market cap of 20,410,566 $, the PRO cryptocurrency takes the 3,239th place in terms of popularity, according to the data on October, 2021. What may look small compared to other industry tokens is still in its early adoption stages, even though many analysts expect more appreciation in the future. Currently, the active trading volume in the coin’s market for the last 24 hours is $264,432.34, a pretty good rate for a newly introduced token.
However, what sets PRO apart is its tokenomics Given(O’Neil, 2021). Prolific Game Studio has also provided a total fixed supply of tokens as 100 billion PRO tokens and all tokens are available in the circulation. The decision to release the full supply in a single batch also looks like a feature within this system and may also eliminate fears of dilution, which typically affect other cryptocurrencies.
A market capitalisation also including all the tokens in circulation currently amounts to $20.41 million. This figure gives the investors an impression on the current market price of the token under consideration with all tokens trading at the current market price. The fact that the market cap and fully diluted market cap are almost equal indicates that Prolific Game Studio has adopted a rather uncomplicated approach to token distribution and this may much appeal to a lot of investors especially if they are in search of simple and easy to understand cryptocurrency investment opportunities.
With the gaming industry implementation of the block chain technology still in its incremental stages, the arrival of PRO is timely. They often need to make purchases in a game, receive bonuses for their achievements, or engage in various forms of interactions with other players within a game created by Prolific Game Studio It is expected that the token will serve as intermediary in all these actions.
Bridging cryptocurrencies into the gaming sector has only been on the rise in recent years with many viewing it as a logical progression of in game currencies. PRO could also suggest that Prolific Game Studio is ready to distance itself from this issue and, instead, take a leading role in the sector. The studio may indeed be able to tap into a new market through this single token that acts as a cross between fully-fledged gaming and cryptocurrency.
However, the reader should be aware that the market of cryptocurrencies is relatively unpredictable and the same can be said for the PRO. Nevertheless, for the first days of trading, the token also received only positive feedbacks, which indicates that potential investors should approach the cryptocurrency more carefully and to study the situation on the stock market more thoroughly before making the final decision. This implies that the success of PRO will be informed by the following; The acceptance level of the gamer’s community, the usefulness offered within gaming feels of Prolific Game Studio, and the general trend of the crypto market.
Another area of concern for the management of PRO will be to differentiate itself in a market that is gradually filling up with more gaming associated cryptocurrencies. For this, Prolific Game Studio need to show the efficient application of the token and explain why gamers should use it instead of in-game currency, or other cryptocurrencies.
Competing first might not be a disadvantage in this case in that the studio has a history of game development and already has a pool of players that it can sponsor. However, if Prolific Game Studio is able to properly utilise its brand image to at least adopt PRO into its games in the future, while it can also nurture and sustain pro’s ecosystem to ensure that people do not only hold but also use the token frequently.
In the case of PRO and the future of crypto gaming, perhaps the key to success will be working together with other entities. Through partnerships with other game developers, blockchain platforms, or even traditional financial institutions, Prolific Game Studio may decide to extend the use of the token.
They also introduced PRO, essentially creating a new model for someone to monetize games, so the PRO also brings questions to daylight about future of monetizing games. From this standpoint, the success of this model could be the main precondition for other game studios to start issuing their tokens, thereby affecting the future funding scheme of games and players’ incentives.
All things considered, PRO being introduced to the gaming world by Prolific Game Studio is a paradigm shift in an industry that is passionate about adopting cryptocurrency. While it still has only just started, PRO token and the approach taken by the studio to its tokenomics indicate the game might have a chance to became a major player in the crypto gaming industry. As the market gets more progressively established and additional exploratory applications unearthing, all eyes are on Prolific Game Studio to determine how they will harness this new fashion to further improve their games and interact with their audience. The further few months will show whether PRO will become a permanent member of the gaming industry as well as the world of cryptocurrencies.
