The digital arm of Japanese gaming giant Konami Group announced that it will use Avalanche Blockchain to improve the services of its NFT platform Resella. Konami aims to build Resella to make it easier for developers to design and issue NFTs. The gaming giant also aims to offer users a better market experience with this move. Meanwhile, IntoTheBlock data points to a bearish trend for the altcoin.
Konami chose Avalanche for Resella!
Konami Digital Entertainment, the digital arm of Japanese entertainment and gaming giant Konami Group, today announced a partnership with Avalanche. With this move, Konami aims to increase the efficiency of the Non-Fungible Token platform Resella and offer lower costs to users. Regarding the issue, Konami announced that Resella will be supported by Avalanche Subnet. He also stated that there will be zero gas fees for users. In this context, Konami noted that Resella will be supported by Ava Labs’ AvaCloud Web3 launchpad service.
Konami is known for its global series such as eFootballTM, Metal Gear and Silent Hill. The company announced its Resella platform last year, designed to meet the needs of both developers and users. Konami said Resella can empower developers to “seamlessly design, issue and trade NFTs within their apps,” while also providing users with a good marketplace experience. Additionally, Konami underlined the following points:
Resella paves the way for new social experiences in the Web3 ecosystem. It also envisions seamless integration between various services to increase user engagement. For example, NFTs originating from gaming environments can transcend their virtual boundaries to serve as event tickets or unlock exclusive in-game content, enriching the overall user experience.
on-chain givenWhat does r show for altcoin?
cryptokoin.comAs you follow from , AVAX, which is also on the radar of Turkish cryptocurrency investors, saw a strong increase this year. The token has increased by over 140% in the last year. However, it has lost this momentum recently. In this context, the altcoin has lost approximately 24% in value in the last month. Currently, the token was changing hands at $27.06. The altcoin market value is approximately $10.70 billion. The distribution among holders in the money at the current price is relatively balanced, with 49% in the money. AVAX traded at over $110K with a value of $461 million. According to data provided by IntoTheBlock, sentiment and trading signals are mostly bearish.
This sentiment is supported by several bearish on-chain and exchange signals, such as net negative growth in network transactions and bearish bid-ask volume imbalance, meaning selling pressure is increasing. However, the overall sentiment remains mixed.
As seen in the chart above, the price of AVAX is moving below all averages. According to analysts, this indicates a strong downward trend in the near term. An RSI reading of 40 means that the asset is neither overbought nor oversold, meaning it is neither bullish nor bearish. Bollinger Bands show that AVAX is mostly trading within the bands, indicating stable volatility. Periodic breaks below the lower band indicate that the bears are fully responsible, consistent with the small declines observed.
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