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0x Protocol's Token Surges Over 47% After Coinbase NFT partnership
A partnership between Coinbase NFT and 0x protocol has sent the ZRX token soaring, with a 47% rally over the past 24-hours.
0x (ZRX), the native token behind the 0x protocol, has rallied by more than 47% following an announcement that it will power Coinbase's (COIN) non-fungible token (NFT) marketplace.
- ZRX is now nearing market cap of $1 billion as it trades at a five-month high of $1.09.
- Trade volume over the past 24-hours has also seen a significant uptick, rising by more than 3,000% to $1.25 billion, its largest volume spike since February 2021.
- Coinbase said that its NFT platform will utilize 0x protocol's "powerful multi-chain NFT swap support", as well as the up to 54% more gas efficiency. The protocol will also enable Coinbase NFT to reward creators with instant royalties as well as free, non-custodial listings.
- "We're thrilled that Coinbase is using 0x to power their new social marketplace for NFTs and anticipate this launch will unlock a massive wave of new users into the blockchain space," said Will Warren, co-founder and co-CEO of 0x Labs.
Mais para você
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
O que saber:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
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