KuCoin News
Key Highlights
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Price Surge: KARRAT jumps 40%, reaching an all-time high.
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New Partnerships: Collaborations with Palantir and Nvidia boost the token.
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Increased Trading Volume: Trading volume rises by 600% to $32 million.
KARRAT/USDT price spikes | Source: KuCoin
KARRAT, the governance token of the KARRAT protocol, has surged over 40%, hitting an all-time high. According to an update on Crypto.News, the token is now trading at $1.10, marking a 41% increase in the last 24 hours. Trading volume also rose significantly, climbing by 600% to $32 million.
An Introduction to KARRAT Protocol
Launched on April 22 by the KARRAT Foundation in Camana Bay, Cayman Islands, the KARRAT Protocol targets the gaming and AI sectors. AMGI Studios, an independent animation and gaming company, supports KARRAT and collaborates with entities like Polygon and Delphi Digital.
Partnership with Palantir
KARRAT’s recent surge followed a June 4 announcement of a partnership between AMGI Studios and AI & Big Data powerhouse Palantir. AMGI Studios will use Palantir’s Foundry architecture in its products, enhancing the KARRAT ecosystem.
Collaboration with Nvidia
On May 23, AMGI Studios announced a partnership with AI leader Nvidia. This collaboration is expected to further integrate advanced AI technologies into the KARRAT ecosystem.
Market Potential
An X user, @CryptoGodJohn, suggested KARRAT could become as influential as SAND and MANA in the gaming coin market, potentially reaching a fully diluted valuation of over $10 billion. KARRAT is already listed on major crypto exchanges like KuCoin, boosting its accessibility and trading potential.
Web3 Game Launch
In February, KARRAT Protocol launched its first web3 game, 'My Pet Hooligan,' available in early access on the EPIC Games platform. The game features advanced motion capture technology, AI-driven characters, and real-time face-driven animation, allowing players to embody NFTs in-game using the KARRAT protocol. It won the Best Action Game award at the GAM3S.GG Awards in December 2023.
KARRAT’s partnerships with Palantir and Nvidia, along with its strong market performance and innovative gaming ventures, position it for continued growth. Keep an eye on this promising token as it gains traction in the gaming and AI sectors of the crypto market.
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