Stratis (STRAX) Up 220% After Launching Metaverse And Stablecoin

Despite the market’s downward trend, Stratis (STRAX), a blockchain development platform designed to help businesses set up their blockchain simply, experienced a sharp rise in prices.

TradingView shows that after hitting a low of $0.365 on June 15, STRAX prices rose 220% to reach a daily high of $1.20 on June 29 amid a sharp increase in 24-hour trading volume.

Start Metaverse

Metaverse is one of the hottest topics in the 2021 bull market, and the concept continues to be the driving force behind the mass adoption of cryptocurrency.

Before the recent rally, the research team unveiled the upcoming launch of Sky Dream Mall, a Metaverse project powered by the Stratis blockchain.

Stratis has seen growth in the NFT and GameFi communities, thanks to Astroverse Club and Trivia Legends projects.

Stablecoin and NFT

Along with the developments on the Metaverse front, Stratis could also get a boost from the launch of the Great British pound Token (GBPT) stablecoin.

GBPT is being developed in conjunction with Price Waterhouse Coopers (PwC), helping Stratis complete the Financial Conduct Authority (FCA) application process. PwC will also provide future audit services when GBPT is released.

The team is also working on a ticketing management system that will allow NFT to authenticate participation while storing benefits and privileges for designated events and venues.

Awareness-raising in Uganda

The third factor that helps STRAX raise prices is the continued development of a blockchain innovation center in Uganda, which aims to increase knowledge and awareness of blockchain.

The project began after Stratis entered into a long-standing partnership with King Oyo‘s organization, the current king of the Tooro Kingdom in Uganda.

“The foundation of the Stratis blockchain innovation center in Uganda is nearing completion as part of Stratis’ global expansion.”

Construction of the center began on 24 May, and the most recent update on the project posted on 27 June shows that the center’s foundation is nearing completion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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