CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies

Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the most popular trending matters within the cryptocurrency ecosystem and every helps the world transfer slowly towards the mass adoption of blockchain know-how. 

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.

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Information from Cointelegraph Markets Professional and TradingView exhibits 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.

CEEK/USDT 4-hour chart. Supply: TradingView

Three causes for the climbing worth of CEEK embody being featured within the present lounge on the Grammy awards, deeper integration with the BNB Good Chain (BSC) and a number of other new cryptocurrency alternate listings.

Main 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 increasingly have offered a brand new stage of publicity for the undertaking since a variety of influencers and music followers would have visited the pop up.

Internet hosting the sales space was made potential via CEEK VR’s partnership with Common Music, which grants the protocol the rights to dwell performances for a lot of widespread artists together with Girl 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 largest names engaged on the event of digital actuality (VR) know-how. In future, this partnership might develop entry past the protocol’s native CEEK VR headset to different VR headsets. 

Integration with BNB Good Chain

A second issue serving to entice extra consideration to CEEK has been its integration with the BNB Good 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.

Since launching assist for the BSC, CEEK has been chosen for the BNB Chain MBVIV Incubation Program, which offers the protocol with a collection 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.

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 includes danger, it is best to conduct your individual analysis when making a choice.

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