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Ethereum Altcoin Project Rockets 160% Following Announcement of New NFT and Gaming Developments

The altcoin project, built on Ethereum, which has been relatively quiet for some time, is in the midst of an explosive rally as it outperforms other crypto markets.

Stratis Platform is an Ethereum-based decentralized blockchain platform aimed at enabling Microsoft developers to build applications on top of it.

Stratis code is based on Bitcoin(BTC) architecture, but combined with a unique Proof of Stake (POS) implementation, we are aiming for a more energy efficient blockchain.

Stratis’ native token STRAX has risen 103% in the last 24 hours, chilling from a rally that reached 160% at some point.

The exact cause of the Stratis Platform rally is unknown, but STRAX took off minutes after the project announced a series of updates, including a new non-fungible token (NFT) ticket system.

according to publicationStratis is developing a ticket management system that uses NFTs to verify admission and record the benefits of venues and events.

In addition, the project states that a number of new blockchain-based video games will be available on the Stratis mainnet this year.

The Stratis announcement also included the latest information on the launch of a stablecoin called the Great British Pound Token (GBPT), which was fixed in the pound sterling.

“Plans to launch Great British Pound Token (GBPT) Stablecoin using Stratis technology are underway at Stratis Investment Group Limited, a new entity used for Stratis GBP Stablecoin. Stratis is currently working with Price Waterhouse Coopers (PwC) to complete FCA registration. We also hope that this partnership will continue with PwC to provide audit services for the GBPT Stablecoin implementation.

As entities like Visa increasingly want to accept stable coin payments, there is a great opportunity to use blockchain technology to simplify cross-border payments and wholesale payments. We also expect more UK stocks and securities to be digitally issued in the coming months and years. This may increase the need to pay holders for these items using GBP-denominated crypto stablecoins such as GBPS. ”

At the time of writing STRAX It is trading at $ 0.92, up 13% on the day.

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Featured images: Shutterstock / VRstudio / Fotomay

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