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Plair (PLA), a decentralized gaming platform built on the VeChain (VET) blockchain, has completed its initial coin offering (ICO), raising $22 million after launching its public token sale at the end of October.


As previously reported, Plair plans to combine the features found on established gaming platforms, including Discord, Twitch and Steam. The platform, which will launch in March of next year, will allow users to host and join esports tournaments, create and share content, interact with other community members and build decentralized gaming applications on top of their blockchain ecosystem.

Plair plans to support 1v1 and team-based tournaments for popular games including League of LegendsDota 2CounterStrike: Global OffensivePlayer Unknown’s Battleground, and Fortnite. These tournaments will be fueled by PLA tokens, which were just recently distributed to the token sale participants.

Plair has also been working to add a number of strategic partners in recent weeks. Most recently, the project partnered with Bitrep, a platform connecting influencer with brands, to further facilitate its move into esports.

VET currently has a $408 million market cap, making it the 20th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

Related: VeChain-Based Gaming Platform ‘Plair’ Releases Product Demo

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.