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Nftnews Today 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 subjects within the cryptocurrency ecosystem and every helps the world transfer slowly towards the mass adoption of blockchain expertise. 

One undertaking seeking 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 day by 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 embrace being featured within the present lounge on the Grammy awards, deeper integration with the BNB Sensible 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 will likely have offered a brand new stage of publicity for the undertaking since numerous influencers and music followers would have visited the pop up.

Internet hosting the sales space was made potential by CEEK VR’s partnership with Common Music, which grants the protocol the rights to reside performances for a lot of fashionable artists together with Girl Gaga, Bon Jovi, U2, Sting and Ziggy Marley.

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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) expertise. In future, this partnership might develop 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 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 when it comes to making micropayments for streaming content material utilization, monitoring and artist funds.

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 alternate listings

A 3rd improvement backing CEEK’s rally is new alternate listings on Huobi International and KuCoin.

Whereas 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 alternate itemizing.

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The views and opinions expressed listed below are solely these of the writer and don’t essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer includes danger, it’s best to conduct your personal analysis when making a call.

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