KARRAT surges 40% amid partnerships with Palantir and Nvidia

KARRAT, the governance token of the KARRAT protocol, has increased by over 40% since its launch, reaching an all-time high.

At the time of writing, the token was trading at $1.10, up 41% in the last 24 hours. Crypto asset trading volume also increased significantly, increasing by 600% to $32 million.

KARRAT 24-hour price chart | Source: CoinMarketCap

Launched on April 22 by the KARRAT Foundation in Camana Bay, Cayman Islands, the KARRAT Protocol is funded by KARRAT tokens focused on the gaming and artificial intelligence sectors.

AMGI Studios, an independent animation and gaming company at the intersection of AI and gaming, is a major supporter of KARRAT and collaborates with major organizations such as Polygon and Delphi Digital.

The latest increase in KARRAT’s value follows the June 4 announcement of a partnership between AMGI Studios and AI and big data giant Palantir.

The partnership will enable AMGI Studios to use Palantir’s foundry architecture in its products and applications and will be a significant step forward for the KARRAT ecosystem.

First NVIDIA, now AMGI x Palantir

Founded by PayPal co-founder Peter Thiel, Palantir is an AI and Big Data powerhouse. AMGI Studios uses Foundry architecture in products and applications.

Artificial Intelligence, Gaming and Entertainment $KARRAT pic.twitter.com/JIBV77CdVz

— Karrat (@karratcoin) June 3, 2024

Another notable development is that AMGI Studios announced on May 23 that it is collaborating with artificial intelligence leader Nvidia. This partnership is expected to further enhance the integration of advanced artificial intelligence technologies into the KARRAT ecosystem.

In a May 3 post, X user @CryptoGodJohn suggested that KARRAT has the potential to be as influential as SAND and MANA in the play currency market, potentially reaching a fully diluted valuation of over $10 billion.

KARRAT has already secured listing on major crypto exchanges including Coinbase, Gate, and KuCoin, increasing its accessibility and trading potential.

Earlier in February, KARRAT Protocol announced the launch of its first web3 game called ‘My Pet Hooligan’, a social action game available in early access on the EPIC Games platform.

The AAA game, AMGI Studios’ flagship IP, features advanced motion capture technology, AI-powered sprites, and real-time face-focused animation. It allows players to embody NFTs in-game using the KARRAT protocol.

The Web3 game has already been recognized by winning the Best Action Game award at the GAM3S.GG Awards in December 2023.