Playnance launches social gaming protocol hits 1M holders

Playnance has launched a new decentralised social gaming protocol powered by GCOIN, positioning it as a community-driven alternative to traditional platform-based gaming models.

The company said the protocol introduces a system where users participate in rewards linked to network activity, rather than remaining passive consumers of gaming platforms.

“Today, we are introducing a new protocol that redefines the rules of the social gaming industry,”

Said Playnance CEO Pini Peter.

The protocol combines Web2-style user experience with Web3 infrastructure, enabling transparent and provably fair systems where all interactions are processed on-chain.

Playnance said the ecosystem has already surpassed 1 million GCOIN holders, with more than 1.3 billion tokens staked and over 58 million allocated to the staking rewards treasury.

The platform also operates a global partner network of more than 3,000 operators through its “Be The Boss” programme, generating over $5.3 million across the ecosystem to date.

The launch reflects a broader shift towards decentralised, participation-driven digital economies, as blockchain continues to reshape monetisation models in the global gaming industry.