Why is CEEK VR (CEEK) crypto rising?

Highlights

• CEEK VR (CEEK) develops premium social, virtual, and augmented reality (V & AR) experiences.
• The CEEK cryptocurrency token operates on the Ethereum platform. 
• CEEK VR’s partnership with Universal Music grants it the right to conduct live performances of artists like Katy Perry, Lady Gaga, U2, Sting, Neyo, Ziggy Marley, etc.  

CEEK VR (CEEK) crypto is grabbing attention ahead of its listing on the HuobiGlobal crypto exchange on Friday, April 8, 2022. Huobi will start CEEK deposits and trading from 04:00 UTC on April 8. The spot trading of CEEK/USDT will be announced after the deposit volume meets the market demand. Also, CEEK withdrawals will open at 13:00 UTC on April 9.

What is CEEK VR (CEEK)?

CEEK is a developer of premium social, virtual, and augmented reality (V & AR) experiences. Its mission is to empower creators to generate new revenue streams by providing them digital tools. CEEK connects artists and fans through its virtual world for long-term engagement. 

The company helps music artists, athletes, digital content creators, and event organizers create exquisite fan experiences and monetize their work.

It replicates the experience of a live sporting event, classroom, concert, and other experiences for fans through its virtual reality platform anywhere and at any time.

Also Read: Why is RAMP (RAMP) crypto grabbing attention?

CEEK VR’s partnership with Universal Music grants it the right to conduct live performances with top-tier artists such as Katy Perry, Lady Gaga, U2, Sting, Neyo, Ziggy Marley, etc. 

Content creators can monetize their work using CEEK’s virtual event streaming platform and reach out directly to their audience worldwide. 

CEEK enables real-time artist payments, verified on the blockchain, and ensures a faster, efficient, and seamless monetization of the works of the performers and creators. 

Also Read: Why Web3 Project (WEB3) crypto skyrocketed 128% in one week?

In its virtual reality environments, CEEK uses Smart Contract for governance. CEEK token holders can tokenize ‘in-world’ interactions, rewards, voting, contests, and virtual goods. 

In addition, the token holders are allowed to participate in the virtual reality space for real-world celebrity concerts, award shows, charity fund-raisers, sporting events, VR commerce, tech talks, classroom learnings, and more such events.

CEEK plans to have its NFT marketplace where users can create and trade online blockchain-based digitized assets. The token holders can not only hold the rare digital and physical goods but also have exclusive access to the content from their favorite celebrities.

Also Read: Why PLC Ultima (PLCU) crypto skyrocketed nearly 300% YTD?

CEEK offers VR experiences inside virtual reality within ‘CEEK CITY', which has a theatre, a concert arena, hangout lounge, sports complex, etc. 

The company plans to position CEEK as a Mobile VR Entertainment market leader in the future, leveraging its early mover advantage and its team’s industry expertise and relationships. It boasts having team members coming from companies such as Microsoft, Boeing, The Walt Disney Company, NFL, Verizon, Dreamworks SKG, 20th Century Fox, and Zynga.

Also Read: Why is Synapse (SYN) crypto gaining attention?

Data Source: coinmarketcap.com

Also Read: What is EarthFund (1EARTH) crypto and why is gaining attention?

CEEK token price and performance:

 The CEEK token, which operates on the Ethereum platform, can be used to make purchases, vote for content, control the programming, etc. The token volume rose 364.23% to US$58.3 million, while it traded at US$0.5374 with a 21.22% gain at 5:07 am ET on Thursday.

The token can be traded on Uniswap (V3), Gate.io, Bitget, MEXC, and BKEX crypto exchanges.

CEEK’s current market capitalization is US$399.95 million. Its circulating supply is 744.18 million, while its total supply is one billion.

Also Read: Why Chain (XCN) crypto jumped over 70% in 30 days?

Bottom line:

The Huobi listing could be the reason for the token’s upswing on Thursday. However, investors must remember that the newly listed tokens are often subject to high price volatility. Also, the market is prone to scams and hacking; hence , investors should exercise due diligence before investing in digital assets.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.