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Tel Aviv, Israel, February 5th, 2026, Chainwire

Playnance today made its first public announcement, introducing itself as a Web3 infrastructure and consumer platform company that has been operating a live ecosystem focused on onboarding mainstream Web2 users into on-chain environments.

Founded in 2020, Playnance spent several years developing and operating its technology and consumer platforms without public exposure. The company’s products are built to let users participate in on-chain systems without needing to understand blockchain mechanics, using familiar Web2 interfaces such as standard account creation and login flows, while the underlying blockchain functionality runs seamlessly in the background.

Playnance reports that its live platforms currently process approximately 1.5 million on-chain transactions per day and serve more than 10,000 daily active users. According to the company, a majority of these users originate from Web2 environments and onboard without using traditional crypto-native tools such as external wallets or manual key management, indicating sustained on-chain activity from non-crypto-native audiences.

The ecosystem is powered by G Coin, the utility token that powers every transaction across the Playnance ecosystem. Like BNB for exchanges, G Coin serves as the operational engine behind a high-volume digital entertainment ecosystem - powering every bet, trade, prediction, and spin.

As ecosystem activity grows, G Coin usage increases accordingly, directly aligning the token with real demand from users. Currently under pre-sale mode and available on the Playnance official website. The company operates several consumer-facing platforms that serve as proof points for this approach, including PlayW3, Up vs Down and more. These platforms run on shared on-chain infrastructure and wallet systems, enabling users to move across products without repeating onboarding processes. All user activity is executed and recorded on-chain while remaining non-custodial.

“Our focus was on building systems that people could use without needing to understand blockchain mechanics,” said Pini Peter, CEO of Playnance. “We prioritized live operation and user behavior over public announcements, and this is the first time we are formally introducing the company after reaching scale.”

Playnance’s infrastructure is designed to support high-volume consumer activity and continuous on-chain execution, reflecting a broader trend in the industry toward practical applications of blockchain technology beyond early adopter audiences. The company states that it plans to continue expanding its ecosystem based on observed user behavior and platform performance rather than speculative adoption models.

About Playnance

Playnance is a Web3 infrastructure and consumer platform company founded in 2020. The company develops and operates live, non-custodial, on-chain platforms designed to enable mainstream users to interact with blockchain systems through familiar Web2 experiences. Playnance focuses on reducing friction between user behavior and on-chain execution by operating consumer products at scale.

Contact

Chief Marketing Officer Sarah Peter press@playnance.com Disclaimer. This is a paid press release.

David Schwartz, CTO of Ripple and one of the main people behind XRP Ledger (XRPL), recently spoke about some concerns the XRP community has been having about the need for XRP to facilitate transactions on the ledger. These concerns came up as Ripple prepares for the launch of RLUSD, a stablecoin that the company introduced to expand its service offerings. With the upcoming deployment, some people started wondering if XRP was still needed on XRPL.

Schwartz explained whyXRP is still needed in the infrastructure, pointing out that it is particularly important for keeping the network safe from spam attacks. He explained that public ledgers like XRP Ledger need a scarce asset to make sure only legitimate transactions are processed.

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If XRP were not a mandatory part of every transaction,XRPL would be at risk of being flooded with too many requests, which could make the ledger unstable.

For a public ledger to resist spam attacks, you need something scarce to fund a transaction so an attacker can't drown the system with infinite garbage. XRPL only uses XRP for this purpose. Unless rules change, nothing can move on XRPL without XRP.

— David "JoelKatz" Schwartz (@JoelKatz) October 27, 2024

This shows that, unless the rules for XRPL are changed, XRP will still be needed for all transactions on the ledger. Schwartz's comments give a clear answer about XRP's central role, which makes it clear that the doubts that came up because of RLUSD are wrong. The stablecoin is a new thing forRipple, but it does not replace or reduce XRP's role on the XRPL.

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The community had some valid concerns about the recent expansion, but this clarification of XRP's irreplaceable function puts those worries to rest. Schwartz's comments show that XRP is still at the heart of XRPL's operations, even though other assets like RLUSD get added too.