Coinbase Launches Support for NFT Gaming Altcoin As Crypto Markets Tumble

Top US crypto exchange Coinbase is listing a new altcoin powering a new multiplayer non-fungible token (NFT) game built on the blockchain.

In a new tweet, Coinbase says the interactive game My Neighbor Alice (ALICE) will start trading on Coinbase Pro once certain conditions are met.

My Neighbor Alice is a non-fungible token play-to-earn video game where players invest in digital islands by staking tokens. Players can then upgrade and build upon their islands and explore to find new collectibles. ALICE is the native currency of the game.

The bright-themed seaside game encourages users to make new friends and offers the ability to purchase plots of lands, virtual islands and NFTs.

Native token ALICE serves several roles, including purchasing in-game items, earning staking rewards and governance of the ecosystem’s decentralized autonomous organization (DAO).

The game was inspired by Nintendo’s successful Animal Crossing franchise and developed by the Stockholm-based Antler Interactive studio, which was founded in 2016.

My Neighbor Alice has partnered with investors like The Sandbox (SAND), Maker, Genesis Block and Neo Global Capital.

News of the Coinbase listing has not been able to resist the overall market downtrend in the wake of rising geopolitical tensions with My Neighbor Alice is currently down 16.41% to $6.45.

Coinbase says that ALICE will be available to trade paired with the US Dollar (USD) and Tether (USDT) once appropriate liquidity conditions are met.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Vit-Mar/Sensvector

Leave a Reply

Your email address will not be published. Required fields are marked *