Leading US cryptocurrency exchange Coinbase has added the altcoin that powers a multiplayer non-fungible token (NFT) game built on the blockchain.
Coinbase’s official Twitter account recently tweeted that the interactive game My Neighbor Alice’s (ALICE)announced that it will begin trading on Coinbase Pro once certain conditions are met.
Inbound transfers for MyNeighborAlice (ALICE) are now available on @Coinbase and @CoinbaseExch in the regions where trading is supported. Trading is not enabled at this time. Trading will begin on or after 9AM PT on Thurs Feb 24, if liquidity conditions are met. pic.twitter.com/DNt0KnlXJm
— Coinbase Exchange (@CoinbaseExch) February 23, 2022
My Neighbor Alice is a non-fungible token play-to-win video game where players stake tokens and invest in digital islands. Players can then upgrade and expand their islands and explore to find new collectibles. ALICE is the game’s local currency.
A multiplayer builder game that introduces millions of players to the blockchain, players can build their own virtual land, interact with neighbors, hold events and earn rewards. Anyone can become a part of the world of My Neighbor Alice by purchasing a piece of land and engaging in various activities such as farming, fishing, insect hunting and beekeeping. Analysts think the future of cryptocurrency is pretty bright:
“This is not just a game for blockchain players, it is a game that will introduce blockchain to millions of players.”
The cheerful, brightly themed seaside game encourages users to make new friends and offers them the opportunity to purchase lands, virtual islands and NFTs.
As the native icon of the ecosystem, ALICE serves various functions, including purchasing in-game items, earning staking rewards, and managing the decentralized autonomous organization (DAO) of the ecosystem.
The game was inspired by Nintendo’s successful Animal Crossing series and was developed by Stockholm-based studio Antler Interactive, founded in 2016.
In addition, it has established various partnerships with major investors such as My Neighbor Alice, The Sandbox (SAND), Maker, Genesis Block and Neo Global Capital.
The news of Coinbase’s listing failed to counter the overall market downtrend caused by escalating geopolitical tensions. Despite this news, which should normally increase the price by double-digit percentages, the price of My Neighbor Alice is currently down 9 percent to $6.67.
According to Coinbase, ALICE will be ready to be traded alongside US Dollars (USD) and Tether (USDT) once appropriate liquidity conditions are met.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.