Ethereum-Based Gaming Altcoin Rallies After Coinbase Suddenly Adds It to Listing Roadmap
A massive multiplayer online (MMO) strategy game that harnesses the power of blockchain technology is surging after top US crypto exchange Coinbase put it on the path to joining the marketplace.
The Coinbase listing roadmap consists of crypto projects that are currently being considered for inclusion among the exchange’s roster of supported assets.
In an announcement, Coinbase says it has updated the roadmap with the addition of Medieval-themed metaverse battle game League of Kingdoms (LOKA).
Its native token LOKA can be used for in-game purchases, minting or upgrading non-fungible token (NFT) assets, as well as staking to earn rewards.
League of Kingdoms goes beyond the traditional strategic fighting game format by employing blockchain features such as NFTs, which serve as digital plots of land players own and use to can earn dividends.
According to the project’s whitepaper,
“Not only [can] gamers own these Lands, but also gather resources on the Lands and mint them into NFTs to trade.
All these tokenized assets are transparently and trustlessly transacted and traded across the blockchain, without intermediaries.”
Assets added to the roadmap today: League of Kingdoms Arena (LOKA) https://t.co/zu1IBdrD7X
— Coinbase Assets (@CoinbaseAssets) July 28, 2022
Recently added to the game were Dragos, dragon-like NFT creatures that seek out gems that in turn can be used to create the utility token Dragon Soul Token (DST).
League of Kingdoms rallied a massive 53.2% from $0.62 to $0.95 as news of the Coinbase announcement spread. The altcoin has since corrected with LOKA currently trading for $0.80.
Coinbase’s listing roadmap was originally created to increase transparency by “providing as much information symmetry as possible” and to communicate with the market before deciding to list an asset.
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