Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the most well liked trending matters within the cryptocurrency ecosystem and every helps the world slowly transfer toward the mass adoption of blockchain expertise.
One mission seeking to capitalize on these developments is CEEK VR (CEEK), a leisure and creator-focused platform aiming to make use of virtual worlds to attach music artists, athletes and digital content material creators with their followers.
Data from Cointelegraph Markets Pro and TradingView exhibits that since buying and selling at a low of $0.289 on March 15, the value of CEEK has gained 123% to hit a each 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 a number of 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 will have supplied a brand new stage of publicity for the mission since a variety of influencers and music followers would have visited the pop up.
Day2 #Grammys Gift Lounge – Presenters, performers and nominees expertise #VirtualReality Excited to convey extra #music #superstars into the #Metaverse #Ceek #virtualconcerts pic.twitter.com/cQPU4YRMUh
— Ceek (@CEEK) April 1, 2022
Hosting the sales space was made doable via CEEK VR’s partnership with Universal Music, which grants the protocol the rights to reside performances for a lot of widespread artists together with Lady Gaga, Bon Jovi, U2, Sting and Ziggy Marley.
The mission can also be partnered with Meta Oculus, Apple and Microsoft, that are three of the most important names engaged on the development of virtual reality (VR) expertise. In future, this partnership may increase 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 help 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 by way of making micropayments for streaming content material utilization, monitoring and artist funds.
Meet the 4th batch of initiatives becoming a member of the #MVBIV Incubation Program!
Congrats and welcome to @StarSharks_SSS @OfficialPearDAO @gat_network @subdao_network @Cosmic_Guild @hashflownetwork & @CEEK pic.twitter.com/UhSebUPP1W
— BNB Chain (@BNBCHAIN) March 9, 2022
Since launching help for the BSC, CEEK has been chosen for the BNB Chain MBVIV Incubation Program which gives the protocol with a sequence of incubation occasions, mentorship and neighborhood help.
New trade listings
A 3rd development backing CEEK’s rally is new trade listings on Huobi Global and KuCoin.
Huobi Global Will List $CEEK on April 8, 2022@HuobiGlobal #CEEK #Metaverse https://t.co/LI1YjTJftw pic.twitter.com/fsjs2Jt0ye
— 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 important trade itemizing.
The views and opinions expressed listed here are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Every funding and buying and selling transfer includes threat, you need to conduct your individual analysis when making a choice.
