An under the radar crypto project may soon sail into the top ten crypto assets by market cap.
Enterprise-grade blockchain project Klaytn (KLAY) is attempting to break up the crypto market’s big ten.
In the past three months, KLAY has grown by 913% from a low of $0.43 to a high of $4.36 according to CoinMarketCap.
Currently Klaytn is 15th on the top coins by market cap, sitting right above Stellar (XLM) and only three spots below Chainlink (LINK).
To jump into the top 10, KLAY would have to appreciate in value by approximately 23%.
The project seeks to increase blockchain adoption on a global scale by providing a user-friendly experience and by leveraging decentralized and private blockchain tech to offer institutional grade security.
According to a recent press release, Klatyn’s blockchain will be the second-ever supported public network on OpenSea, a non-fungible token (NFT) marketplace.
The news comes as NFTs, which can represent unique digital or real-world assets such as art, virtual land, event tickets or even tweets, are skyrocketing in popularity.
“The integration with OpenSea will allow Klaytn-powered NFTs, ranging from game items and characters to digital arts, to be supported, with peer-to-peer trading to take place.”
Klaytn NFTs will be available to trade in June on OpenSea. Those who wish to buy and sell digital assets on their platform will need to set up and connect their Kaikas wallet to pay for items with KLAY.
KLAY is currently slightly down from its high and is sitting at around $4.11 as of writing.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Liu zishan