Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the most popular trending subjects within the cryptocurrency ecosystem and every helps the world transfer slowly towards the mass adoption of blockchain expertise.
One venture trying to capitalize on these developments is CEEK VR (CEEK), a leisure and creator-focused platform aiming to make use of digital worlds to attach music artists, athletes and digital content material creators with their followers.
Knowledge from Cointelegraph Markets Professional and TradingView reveals that since buying and selling at a low of $0.289 on March 15, the value of CEEK has gained 123% to hit a every day excessive of $0.646 on April 7 as its 24-hour buying and selling quantity spiked 178% to $90 million.
Three causes for the climbing worth of CEEK embody being featured within the reward lounge on the Grammy awards, deeper integration with the BNB Sensible Chain (BSC) and several other new cryptocurrency alternate listings.
Main partnerships and a sales space on the Grammy’s
CEEK hosted a sales space within the reward lounge on the 2022 Grammy and this will have supplied a brand new stage of publicity for the venture since quite a lot of influencers and music followers would have visited the pop up.
Day2 #Grammys Reward Lounge – Presenters, performers and nominees expertise #VirtualReality Excited to deliver extra #music #superstars into the #Metaverse #Ceek #virtualconcerts pic.twitter.com/cQPU4YRMUh
— Ceek (@CEEK) April 1, 2022
Internet hosting the sales space was made doable by way of CEEK VR’s partnership with Common Music, which grants the protocol the rights to reside performances for a lot of common artists together with Girl Gaga, Bon Jovi, U2, Sting and Ziggy Marley.
The venture can be partnered with Meta Oculus, Apple and Microsoft, that are three of the most important names engaged on the event of digital actuality (VR) expertise. In future, this partnership may increase entry past the protocol’s native CEEK VR headset to different VR headsets.
Integration with BNB Sensible Chain
A second issue serving to appeal to extra consideration to CEEK has been its integration with the BNB Sensible Chain ecosystem and the current addition of cross-chain assist in late 2021.
CEEK initially launched on the Ethereum (ETH) community however the high-cost of conducting transactions on the community was hampering adoption, particularly when it comes to making micropayments for streaming content material utilization, monitoring and artist funds.
Meet the 4th batch of tasks becoming a member of the #MVBIV Incubation Program!
— BNB Chain (@BNBCHAIN) March 9, 2022
Since launching assist for the BSC, CEEK has been chosen for the BNB Chain MBVIV Incubation Program, which supplies the protocol with a sequence of incubation occasions, mentorship and neighborhood assist.
New alternate listings
A 3rd improvement backing CEEK’s rally is new alternate listings on Huobi World and KuCoin.
— Ceek (@CEEK) April 6, 2022
Whereas buying and selling for CEEK does not start till April 8 on each platforms, the bulletins have led to a spike in demand for the token as a result of customers are likely to accumulate tokens earlier than any vital alternate itemizing.
The views and opinions expressed listed below are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you must conduct your individual analysis when making a choice.