Coinbase, the leading cryptocurrency exchange in the United States, has announced that it will be listing a new altcoin focused on artificial intelligence (AI). The altcoin, called Karrat (KARRAT), will be listed as an “experimental asset” on the Coinbase platform.
In a statement released on their social media platform, Coinbase Assets, the exchange confirmed that Karrat is now available for trading on coinbase.com, as well as on the Coinbase iOS and Android apps. Coinbase customers can use the platform to buy, sell, convert, send, receive, or store Karrat.
Coinbase explained that they label certain assets as “experimental” if they are either new to their platform or have low trading volume compared to other cryptocurrencies. Karrat falls into the latter category, with its value currently at $0.848 and experiencing a 6.4% decrease since the announcement.
According to a press release from Chainwire, the Karrat protocol was created by the Karrat Foundation and focuses on AI technology in the fields of entertainment, gaming, and AI. KARRAT serves as the governance token for the protocol.
The protocol’s first game, “My Pet Hooligan,” has already been launched. The game allows players to use in-game non-fungible tokens (NFTs), and holders of My Pet Hooligan NFTs will be eligible for an upcoming KARRAT airdrop.
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