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

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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 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.

Knowledge 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 each 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 value of CEEK embrace being featured within the reward lounge on the Grammy awards, deeper integration with the BNB Good Chain (BSC) and a number of other new cryptocurrency change 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 may increasingly have supplied a brand new stage of publicity for the undertaking since various influencers and music followers would have visited the pop up.

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 dwell performances for a lot of in style artists together with Woman Gaga, Bon Jovi, U2, Sting and Ziggy Marley.

The undertaking 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) know-how. In future, this partnership may broaden entry past the protocol’s native CEEK VR headset to different VR headsets. 

Integration with BNB Good Chain

A second issue serving to appeal to extra consideration to CEEK has been its integration with the BNB Good Chain ecosystem and the latest 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 by way of 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 supplies the protocol with a collection of incubation occasions, mentorship and neighborhood assist.

New change listings

A 3rd growth backing CEEK’s rally is new change 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 likely to accumulate tokens earlier than any important change itemizing.

The views and opinions expressed listed here are solely these of the creator and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer includes threat, it is best to conduct your individual analysis when making a choice.