Zilliqa Rises on Metapolis’ Partnership with Photo Sharing App Agora

Blockchain Metaverse NFT Non-fungible tokens

Author

Fredrik Vold

Author

Fredrik Vold

Author Profile

Share

Copied

Last updated: 

June 26, 2023

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The metaverse-focused Layer 1 blockchain Zilliqa’s native token ZIL rose in price today after news that a virtual world built on it has partnered with the photo-sharing and awards app Agora.

At 12:39 UTC, ZIL was up 6% for the past 24 hours and a massive 156% for the past 7 days to a price of USD 0.109. The gains positioned the token as one of the better performers among the top 100 cryptoassets by market capitalization today, and the best one by far over the week, per CoinGecko’s ranking.

ZIL price past 14 days:

Today’s move by Zilliqa’s native token may have been triggered by an announcement from Metapolis, a yet-to-be-launched metaverse virtual world built on Zilliqa, which said it has partnered with the photo-sharing and awards app Agora to deliver blockchain-based solutions.

Agora is described as a global talent awards app where individuals can upload creations and participate in contests to win support and visibility.

Metapolis, meanwhile, is described as “the first metaverse-as-a-service (MaaS) platform” that is powered by a Layer 1 blockchain. The platform is said to allow users to build “conceptually-rich and custom-designed domes as part of cities” that can be used to host things like brands, games or e-stores.

Metapolis will be officially launched during an event in Miami, USA, on April 2 this year, the team said in the announcement, adding that it has already collected USD 2m in pre-launch revenues from clients.

“Metapolis has already garnered interest in its hyper-realistic graphics and ability to engage through gamification and e-commerce and [non-fubgible tokens] NFTs. And, now major creator-focused brands and esports brands are joining the equation,” the announcement said.

In addition to working with Agora, Metapolis has also recently secured partnerships with Swedish esports organization Ninjas in Pyjamas, Indonesian esports team RRQ, and Spain’s MAD Lions.

“We are excited for this partnership as we are able to bring not only creativity to life within the metaverse but also open borderless access for creatives worldwide to connect in the digital world,” Sandra Helou, Head of Metaverse and NFTs at Zilliqa said in a comment.

____

Learn more: 
– ‘Anything is Possible in Metaverse’: Decentraland’s Fashion Week Attracts 60+ Designers, Brands & Artists
– NFT Rental Has Major Growth Potential as ‘Airbnb of the Metaverse’ – Analysts

– Top 20 NFT Marketplaces Where You Can Buy & Sell Digital Collectibles
– Metaverse Banking: HSBC Enters The Sandbox as JPMorgan Tests Decentraland