The cryptocurrency market has entered a new phase with Bitcoin rising beyond $44,000. While the bulls are consolidating their positions in the market, experts and analysts are very hopeful about the bull run. Amidst this positive market, altcoin projects continue to form new partnerships and collaborations. An altcoin on the list of the giant cryptocurrency exchange Binance announced that it is collaborating with Coinbase’s Base. After this, the token price jumped north from the red zone.
NKN announced its Base partnership, altcoin price jumped!
As you follow from Kriptokoin.com, the wind is blowing in favor of cryptocurrencies. Projects that have been having a hard time in the winter market for a long time have found some relief. This allows projects to develop themselves and establish partnerships. NKN (NKN), or New Kind of Network, a network focused on creating a decentralized and open-source network protocol for public Blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity, has also announced a major partnership . In this context, the altcoin project announced that it is collaborating with Base of the leading crypto exchange Coinbase. NKN shared this development on its official X account as follows:
The newly launched clink_fi is a one-of-a-kind Web 3.0 social networking application powered by NKN_ORG and BuildOnBase, revealing the future of social networking! NKN had a brief chat with the Clink team to find out.
The newly launched @clink_fi is a one of a kind Web 3.0 social networking app, powered by @NKN_ORG and @BuildOnBase , that unleash the future of social networking! NKN had a short chat with the Clink team to find out.https://t.co/A5CUtI9B76
— NKN (@NKN_ORG) December 6, 2023
Following the news, the altcoin price made a vertical rise. While NKN was traded in the red zone at $0.113 during the day, it jumped to $0.124 with the news. At press time, the token was trading at $0.123, up 3.24% on a daily basis. However, it is unclear whether NKN will be able to continue its rise. Because he was having trouble maintaining his momentum.
NKN daily price chart. Source: CoinMarketCapThe future of social app: Clink
Altcoin project Clink gave some details about its application. He made the following statements on the relevant website.
It was Thanksgiving week and we at NKN Headquarters were so thankful for the happy surprise of the launch of the Clink – Future of Social app on NKN and BASE! In his words, Clink is “a one-of-a-kind web 3.0 social networking application that unleashes the future of social networking! Immerse yourself in a world where influencers and fans make dynamic connections, create thriving communities, and create unparalleled value together. Chat with unrivaled security. “Trade and earn together in an exciting Web3 and Blockchain universe.”
Meanwhile, in the digital age, social networks have become an integral part of our daily lives. However, we stand on the threshold of a new era with Web 3.0. Social networks are preparing for a transformative leap into the future. Are we really at the critical juncture of the paradigm shift from Web 2.0 to Web 3.0 in social networks focused on user privacy and data protection?
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