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 challenge’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 features did materialize a couple of hours after Promenade advertised a brand new recreation itemizing. The challenge 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 practically 5% up to now week, in line with CoinGecko.
Final month, Promenade introduced a strategic partnership with the web3 funding agency DWF Labs.
Defined the challenge,
“A key facet of our collaboration is the mutual change of experience: leveraging Promenade’s revolutionary method within the gaming sector with DWF Labs’ strategic insights into digital belongings. This synergy of information and expertise is poised to drive innovation and set up new requirements within the Web3 gaming house.”
Regardless of its current worth features, PROM stays practically 93% down from its all-time excessive of $106, which it hit in April 2021.
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