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Cryptocurrency markets continue to experience Fed fluctuations, and BTC is recovering after significant losses. Some altcoins, which saw losses exceeding 20% this week, have made similar rapid recoveries. Although these quick rebounds are encouraging, BTC has not yet returned to safe levels. However, there is good news as well.
Avalanche (AVAX) News
Recently, Japanese game developer and publisher Konami Digital Entertainment announced a partnership with the popular Ethereum competitor. This collaboration is for Konami’s NFT solution Resella. Avalanche, known for its fast and cheap layer1 solutions, will support the gaming giant in developing an advanced NFT platform.
The NFT platform aims to provide Web3 services for companies and organizations looking to integrate blockchain technology into their operations. Initially targeting a regional market in Japan, the platform plans to expand its reach globally. In the Web3 narrative, games can become much more engaging thanks to NFTs. Through Resella, in-game achievements can be converted into NFT cards for various benefits.
AVAX price rose to $28.33 following the announcement.
