The native altcoin for a gaming-focused non-fungible token (NFT) market surged greater than 35% in a 24-hour interval this week, defying the general crypto market doldrums.
Promenade (PROM) payments itself as a “decentralized, confidential, and protected” ecosystem for exchanging and renting NFTs.
The venture’s native token, PROM, is up 36.3% up to now 24 hours and is buying and selling at $7.65 at time of writing.
It’s not instantly clear what drove the token’s worth surge. The asset’s beneficial properties did materialize a couple of hours after Promenade advertised a brand new recreation itemizing. The venture now helps Poglin, a fantasy-world, blockchain-based battling recreation.
New Recreation Alert on Promenade: @Poglin_Official ??
Uncover a universe the place lore, anime, and video games converge. Unveil the mysteries of Haven’s tribes, and brace for a saga of prophecy and energy.
Dive into a brand new multimedia journey!
Discover Poglin’s world ? https://t.co/EXFkXsMD7Y pic.twitter.com/tZ2L5tbSHt
— Promenade (@prom_io) January 24, 2024
By comparability, the general crypto market cap elevated by solely 0.2% up to now 24 hours and is down almost 5% up to now week, in keeping with CoinGecko.
Final month, Promenade introduced a strategic partnership with the web3 funding agency DWF Labs.
Defined the venture,
“A key facet of our collaboration is the mutual trade of experience: leveraging Promenade’s modern strategy within the gaming sector with DWF Labs’ strategic insights into digital belongings. This synergy of information and abilities is poised to drive innovation and set up new requirements within the Web3 gaming house.”
Regardless of its current worth beneficial properties, PROM stays almost 93% down from its all-time excessive of $106, which it hit in April 2021.
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