NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

Gordon James

Binance

Buy and Sell Crypto

In a recent blog post, Aleph.im highlights the partnerships and integrations that have led to over $200 million of investment in its platform since launching just 20 months ago. The article states that the blockchain-based gaming platform is focused on integrating with projects such as WAX and Tezos to provide a seamless experience for gamers who already own digital assets they can use within games while avoiding fraud risks associated with centralized marketplaces like Steam or Twitch

The cryptocurrency market’s roller coaster journey resumed on Dec. 8, when the price of Bitcoin (BTC) momentarily fell below the $49,000 barrier. Despite the setback, there are still strong indicators of crypto widespread acceptance, with Visa’s statement that it would introduce crypto consultancy and advising services for merchants and banks serving as a prominent example. 

Analysts anticipate Bitcoin to continue its hunt for a more stable footing, and while this happens, Ether and a handful of mid- and low-cap altcoins are gaining ground.

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.imTop 7 coins with the biggest price swings in a 24-hour period. Cointelegraph Markets Pro is the source of this information.

Tezos (XTZ), WAX (WAXP), and Aleph.im were the top gainers in the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView (ALEPH).

Tezos is now home to Ubisoft’s NFTs.

Tezos is a layer-one blockchain technology with a built-in mechanism that enables the network to adapt and upgrade without the need for hard forks over time.

Prior to the latest price spike, VORTECSTM data from Cointelegraph Markets Pro started to indicate an optimistic prognosis for XTZ on Dec. 5.

The VORTECSTM Score is an algorithmic assessment of past and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity, which is unique to Cointelegraph.

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.imXTZ pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.

The VORTECSTM Score for XTZ started to rise on December 4 and soared to a peak of 87 on December 5, roughly 21 hours before the price surged 60.5 percent over the following two days, as seen in the chart above.

After Ubisoft, one of the top three video game companies, revealed that it will be launching its first line of in-game playable NFTs on the Tezos network, starting with Ghost Recon: Breakpoint, the price of XTZ skyrocketed.

Amazon and Mattel are welcomed into WAX’s ecosystem.

WAX is a purpose-built NFT blockchain that gives businesses all of the tools they need to create an NFT collection and make e-commerce transactions faster and safer for everyone involved.

Before the latest price spike, VORTECSTM data from Cointelegraph Markets Pro started to indicate an optimistic prognosis for WAXP on Dec. 4.

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.imWAXP pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.

The VORTECSTM Score for WAX soared into the green zone on Dec. 4 and reached a peak of 81 about 40 hours before the price rose 84.8 percent over the following two days, as seen in the chart above.

The surge in popularity for WAXP came when it was reported that Amazon had joined the WAX ecosystem after investing in the collection marketplace Dibbs, as well as three major toy brands, Funko, Mattel, and Hasbro, partnering with WAX for “Sellout Collections.”

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Serum’s analytics are supported by Aleph.

Aleph.im is a cross-chain protocol that aims to build a decentralized database with file storage, computation, and a decentralized identification (DID) foundation.

Prior to the latest price gain, VORTECSTM data from Cointelegraph Markets Pro started to indicate a favorable prognosis for ALEPH on Dec. 5.

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.imALEPH pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.

The VORTECSTM Score for ALEPH reached a peak of 80 on Dec. 5, roughly 31 hours before the price surged 38 percent over the following two days, as seen in the chart above.

The rise in ALEPH’s price follows the protocol’s announcement that it would now provide its indexing solution to the Solana-based decentralized exchange Serum, a move that should improve the Solana network’s capacity to collect DeFi data.

The total cryptocurrency market capitalization is currently $2.373 trillion, with Bitcoin commanding 40.1 percent of the market.

The author’s thoughts and opinions are completely his or her own and do not necessarily represent those of Cointelegraph.com. Every investing and trading choice has risk, so do your homework before making a decision.

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