Price Soars: Coinbase Announces This Metaverse Coin!

Coinbase, one of the largest cryptocurrency exchanges, has made an announcement for a metaverse coin. It added Kingdoms Arena (LOKA) to its roadmap of cryptocurrencies that it can add to its platform. Here are the details…

Coinbase has added this metaverse coin project to its roadmap

Coinbase, one of the largest cryptocurrency exchanges, has updated its roadmap of cryptocurrencies that have the potential to be added to the platform in the future. According to the latest update, the crypto exchange has League of Kingdoms Arena (LOKA) in mind. As always, the value of crypto money increased after Coinbase’s announcement. LOKA has increased by 22.7 percent in the last 24 hours and is changing hands at $ 0.81. LOKA displayed its performance by rising as high as $0.92 during the day.

LOKA’s market value appears to be around $20.7 million. On the other hand, the cryptocurrency reached its all-time high (ATH) on April 2, 2022, about 4 months ago. The altcoin, which saw $5.37 at the time, is currently changing hands about 85 percent below that level. But it’s still some 64 percent above the all-time low of $0.0551 that it saw a month ago.

What is League of Kingdoms Arena (LOKA)?

So, what is LOKA? What does it do? League of Kingdoms (LOKA) is a blockchain-based Massive Multiplayer Online (MMO) strategy game. League of Kingdoms, a play-to-earn ecosystem, allows players to earn real income through in-game events. During the game, users can form kingdoms, form armies, form alliances and compete on battlefields for power and wealth. The game supports player versus environment (PvE), player versus player (PvP), and party game (MMO) game modes.

League of Kingdoms’ management token, LOKA, allows its holders to participate in decision-making on the platform, purchase in-game items and earn profits through staking, while the project’s utility called DST (Dragon Soul Token) is essential for breeding dragons. The LOKA token went live in January 2022. According to the official whitepaper, the game was released in July 2021. In 2022, the platform plans to release a proprietary NFT marketplace, a PvP arena, and a land reward center, among other new features.

Chan Lee is the CEO (CEO) and co-founder of NOD Games, a blockchain-based game development company that created League of Kingdoms (LOKA). Chan Lee holds a Computer Science degree from Pohang University of Science and Technology, one of the top higher education institutions in South Korea. League of Kingdoms (LOKA) appeals to crypto enthusiasts and gamers alike, as it offers a wide variety of in-game content and game modes, as well as a play-to-win economy. All pieces of land in the game are represented as ERC-721 tokens (NFTs).