A16z-backed Proof of Play’s crypto game "Pirate Nation" secured a token listing on Coinbase shortly after its launch on Thursday.

"PIRATE is an ERC-20 token on Ethereum Mainnet and serves as a utility token for 'Pirate Nation,'" according to a statement. The token launched Thursday at 12 a.m. EST and had risen over 90% to $0.28 as of 3:33 p.m. EST, according to CoinGecko.

Coinbase announced midday Thursday it would list in the token. "Pirate Nation" is a free-to-play pirate-themed roleplaying game, according to Proof of Play.

The crypto gaming studio Proof of Play is run by FarmVille co-creator Amitt Mahajan, a former Zynga executive. Last September, a16z crypto, Anchorage Digital and Naval Ravikant participated in a $33 million seed round for Proof of Play.

"The single most …