In recent days, we have been constantly advising investors to be prepared for significant announcements from altcoin teams. This trend has been evident as numerous crypto ventures have been making headlines with major news. The latest good news comes from the NKN Coin team, which has led to an increase in the price of the token. But what are the details of the announcement?
Why is NKN Coin Rising?
Coinbase launched its own blockchain called BASE months ago but said it would not issue a token. However, partnerships with existing crypto ventures announced through this network are causing many altcoins to experience rapid rallies. Today, we saw the latest example with the NKN Coin. The team announced that it would work with Base for the Clink social media application, which caused the token price to increase by approximately 10 percent to $0.126.
The announcement stated the following;
“In the digital age, social networks have become an integral part of our daily life. However, as we stand on the threshold of a new era with Web 3.0, are social networks truly preparing for a transformative leap in the future? We are working on more as we face a critical juncture in the paradigm shift from Web 2.0 to Web 3.0 focusing on user privacy and data protection in social networks.
The future of social networks in the Web 3.0 era is not just a technological shift, but also a redesign of how we connect, share, and value our online interactions. Next-generation social networks, leveraging blockchain technologies like NKN and BASE, can offer a secure, user-centric, and transparent platform. This change promises to restore trust in online interactions, empower users, and pave the way for a fairer digital world.”