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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 secure” ecosystem for exchanging and renting NFTs.
The undertaking’s native token, PROM, is up 36.3% previously 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 just a few hours after Promenade advertised a brand new recreation itemizing. The undertaking now helps Poglin, a fantasy-world, blockchain-based battling recreation.
New Sport 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% previously 24 hours and is down practically 5% previously week, based on CoinGecko.
Final month, Promenade announced a strategic partnership with the web3 funding agency DWF Labs.
Defined the undertaking,
“A key facet of our collaboration is the mutual trade of experience: leveraging Promenade’s progressive method within the gaming sector with DWF Labs’ strategic insights into digital belongings. This synergy of data and expertise is poised to drive innovation and set up new requirements within the Web3 gaming area.”
Regardless of its latest worth beneficial properties, PROM stays practically 93% down from its all-time excessive of $106, which it hit in April 2021.
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