Komodo (KMD) up 50%: why is Komodo price rising?

August 25, 2023 09:01 PM AEST | By Invezz

Komodo (KMD) up 50%: why is Komodo price rising? — Image source: Invezz

Why is Komodo price going up?

The main reason behind today’s Komodo price rise is the increased activity on the Komodo Platform after it announced the creation of AI art that embodies the spirit of 10 crypto projects listed on Komodo Wallet.

🎨 We created AI art that embodies the spirit of 10 #crypto projects listed on Komodo Wallet!https://t.co/Il68wUnOFu

Which is your favorite from this group?

Which projects should we make artwork for next?

1. @RunOnFlux ($FLUX) pic.twitter.com/qFi4LpiUAG
— 🦎 Komodo (@KomodoPlatform) August 24, 2023

The crypto projects depicted in the 10 AI-generated images include FLUX, STEPN (GMT), Travala (AVA), Brave (BAT), Action Coin (ACTN), Peercoin (PPC), AmbireAdEx (ADX), Paxos (PAXG), Harmony Protocol (ONE), and Navcoin (NAV). These images mark the second time that the Komodo platform is generating AI-generated images for cryptocurrencies in its crypto wallet.

In April, Komodo released a set of eight AI-generated images embodying the spirit of eight crypto projects, among them Dogecoin (DOGE), Qtum (QTUM), Polygon (MATIC), Dash Pay (DASH), Avax (AVAX) DigiByteCoin (DGB), GnosisDAO (GNO), and Ravencoin (RVN).

In addition to the AI-generated artwork, Komodo recently also announced a contest in partnership with Navcoin that will see winners share $200 in $NAV.

Komodo Wallet <> Navcoin Contest
10 winners x $20 each in $NAV

1. Follow @KomodoPlatform & @Navcoin
2.❤️&🔁this post
3. Create a new Komodo Wallet (web) https://t.co/Il68wUngPW🖥️
4. Find your Komodo Wallet $NAV (native) address. Comment it below this post (text & screenshot)🗨️ pic.twitter.com/yVTLA1dSiF
— 🦎 Komodo (@KomodoPlatform) August 23, 2023

Komodo also announced that Komodo Wallet is now their premier decentralized platform for Wrapped XEP to XEP swaps.

The post Komodo (KMD) up 50%: why is Komodo price rising? appeared first on Invezz.

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