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 slowly transfer towards the mass adoption of blockchain expertise.
One undertaking seeking to capitalize on these traits 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.
Data from Cointelegraph Markets Pro and TradingView reveals that since buying and selling at a low of $0.289 on March 15, the worth 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 present lounge on the Grammy awards, deeper integration with the BNB Smart Chain (BSC) and several other new cryptocurrency trade listings.
Major partnerships and a sales space on the Grammy’s
CEEK hosted a sales space within the present lounge on the 2022 Grammy and this may occasionally have offered a brand new stage of publicity for the undertaking since various influencers and music followers would have visited the pop up.
Day2 #Grammys Gift 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
Hosting the sales space was made doable by way of CEEK VR’s partnership with Universal Music, which grants the protocol the rights to stay performances for a lot of well-liked artists together with Lady Gaga, Bon Jovi, U2, Sting and Ziggy Marley.
The undertaking can also 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 develop entry to VR headsets past the protocol’s native CEEK VR headset.
Integration with BNB Smart Chain
A second issue serving to entice extra consideration to CEEK has been its integration with the BNB Smart 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 gives the protocol with a collection of incubation occasions, mentorship and group assist.
New trade listings
A 3rd improvement backing CEEK’s rally is new trade listings on Huobi Global and KuCoin.
— Ceek (@CEEK) April 6, 2022
While buying and selling for CEEK would 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 inclined to accumulate tokens earlier than any vital trade itemizing.
The views and opinions expressed listed below are solely these of the writer and don’t essentially mirror the views of Cryptonomie.eu. Every funding and buying and selling transfer includes threat, you need to conduct your personal analysis when making a call.