Skale Crypto Sees Significant Surge Amid IT Remains Integration
Skale, a gas-free blockchain designed for scaling games, artificial intelligence, and powerful decentralized applications, has seen its native token trade at $0.032, ranking among top cryptocurrencies. This surge comes as the crypto market experiences a spike, with old coins rising in value.
The Skale crypto price has risen by over 30% in 24 hours, outperforming other top cryptocurrencies. This increase can be attributed to the integration of Skale into IT Remains, a transmedia franchise. The partnership aims to bridge the gap between narrative and audience participation, leveraging Skale’s blockchain technology to provide immersive and interactive experiences.
Market Performance and Integration
While the Skale token (SKL) has seen a significant jump, other tokens like OKB (OKB) have experienced an even more substantial increase, with a 150% rise. Despite this, Skale still ranks among the top 500 coins by market capitalization. The token’s value has increased by almost 76% since its low point in March 2021, reaching $1.22.
The daily trading volume of Skale has risen by nearly 2,700%, with the market capitalization reaching $170 million. At the time of writing, Skale has a circulating supply of 5.94 billion SKL and a fully diluted valuation of $199.7 billion. The integration of Skale into IT Remains has contributed to this surge, with the platform seeking to add web3 functions to enhance user experience.
Skale’s Blockchain Technology
Skale’s blockchain technology provides gas-free, fast transactions, making it an attractive option for platforms looking to integrate web3 functions. The partnership between Skale Labs and IT Remains aims to bring together entertainment and blockchain, enabling the “viewer” to become a “participant.” This integration supports features such as interactive AR/VR experiences and NFT-driven governance.
The virtual machine chains from Skale’s Ethereum-based network provide free interactions for games, AI, and decentralized applications. The modular chains of Skale offer pooled security and customizable resource allocation, with partner app chains in the network recording significant growth. Christo Peev, co-founder of IT Remains, noted that “Skale lets us break the barrier between traditional stories and the decentralized future. With gasless interactions and high-speed throughput, we can finally achieve mass acceptance of immersive, participatory entertainment.”
For more information on Skale’s crypto spike and its integration into IT Remains, visit https://crypto.news/skale-crypto-spikes-32-amid-it-remains-integration/
