Proof of Play

-93%

est. 2Y upside i

DevOps & InfraSeed

We are a small group of veteran game developers and entrepreneurs creating games using blockchain technology. Our vision is simple: to create generation-defining games that fundamentally grant power and ownership to the players who play them.

Rank

#3891

Sector

Web3 Gaming & Infrastructure

Est. Liquidity

~5Y

Data Quality

Data: Low

The equity opportunity at Proof of Play is highly risky, with a low expected upside, primarily due to the recent failure of its flagship game and a significant strategic pivot.

Last updated: February 23, 2026

Bull (15%)+250%

The new Proof of Play Arcade and vRNG infrastructure achieve significant adoption, establishing the company as a leading Web3 gaming infrastructure provider, and the PIRATE token gains substantial value.

Base (35%)+20%

The pivot yields modest traction, leading to further funding rounds at a slightly increased valuation, but common stock returns are heavily impacted by investor preferences.

Bear (50%)-85%

The new strategy fails to gain significant market share, the PIRATE token struggles, or the company faces a down round, rendering common stock largely worthless due to liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Investors hold $33M in liquidation preferences, meaning common shareholders would receive little or nothing in an exit at or below the estimated $70M current valuation until investors are fully repaid.

Dilution Risk

high

As a seed-stage company that has pivoted, Proof of Play will almost certainly require additional funding rounds, leading to further dilution of existing equity.

Secondary Liquidity

none

There are no indications of active secondary markets or tender offers for Proof of Play equity.