Blockchain gaming infrastructure firm Playnance has launched a new “Democratic Social Gaming Protocol,” designed to shift economic rewards from platforms to users. The protocol is powered by GCOIN and includes a staking program with over 1.3 billion tokens committed. Playnance reports its partner network of over 3,000 operators has generated more than $2.3 million in earnings as part of $5.3 million across the broader ecosystem.
Playnance has introduced what it calls the first Democratic Social Gaming Protocol, according to a recent announcement. The company states this new model aims to create decentralized, participation-driven digital economies for social gaming.
The protocol is powered by GCOIN and seeks to align users, partners, and token holders within a shared economic framework. It combines a Web2-style user interface with fully on-chain Web3 infrastructure for transparent operations.
Playnance CEO Pini Peter stated, “Today, we are introducing a new protocol that redefines the rules of the social gaming industry.” He claimed the move represents a shift from a model that profits from players to one with a community-first protocol at its core.
The company’s existing staking program shows over 1.3 billion GCOIN staked, with more than 58 million GCOIN in the rewards treasury. Ecosystem activity directly influences the growth of this reward treasury.
Through its Be The Boss partner program, over 3,000 operators run their own gaming environments within the Playnance system. These partners have collectively earned over $2.3 million to date as part of more than $5.3 million generated across the entire ecosystem.
Founded in 2020, Playnance describes itself as a Web3 infrastructure company developing non-custodial, on-chain products. The company says it currently processes approximately 2 million transactions per day.
