Virtual Protocol’s price surge highlights growing interest in decentralized gaming, as ReadyGamer promises to merge AI, blockchain, and autonomous worlds into the gaming landscape.

Having experienced a major pump in the last few days, Virtual Protocol (VIRTUAL) continues to garner attention, reflecting increased investor confidence in the token and its ecosystem. The introduction of ReadyGamer, a joint venture with Sovrun that intends to incorporate AI, blockchain, and autonomous worlds into Web3 gaming, further underscores the growing market interest in VIRTUAL.

VIRTUAL has increased by 5.55% over the last day, and it is now trading at $3.88. Its 24-hour trading volume has reached $408.28 million, and its market capitalization has increased to almost $3.88 billion. This upward trend predates the ReadyGamer announcement, driven by rising expectations of Virtual Protocol’s ability to transform digital interactions and gaming ecosystems.

The ReadyGamer project seeks to provide a cutting-edge gaming platform by leveraging Virtual Protocol’s GAME architecture. The initiative combines dynamic AI systems, blockchain-secured transactions, and autonomous virtual environments to empower gamers with greater control and participation. Sovrun, with its expertise in decentralized systems, complements Virtual Protocol’s technology, positioning the two companies to tap into the growing demand for player-driven and immersive ecosystems.

Sovrun, formerly BreederDAO, brings deep expertise in blockchain gaming and on-chain ecosystems. The company specializes in fostering virtual economies and enabling players and creators to build autonomous worlds. Its collaboration with Virtual Protocol strengthens the foundation for innovation in decentralized gaming.

While VIRTUAL‘s price spike has captured attention, industry experts suggest ReadyGamer’s long-term potential could overshadow the current market momentum which is yet to be seen.

The creator of Base, the blockchain of top US-based crypto exchange Coinbase, says that the company’s stock (COIN) could soon become available on-chain.

In a new thread on the social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN.

However, Pollak notes that some traders can already access COIN on Base through asset tokenization protocol Backed.fi, adding that regulatory clarity would “unlock” it for everyone.

According to Pollak, Coinbase has not yet formulated concrete plans to bring over real-world assets to the blockchain, which launched in August 2023 as an Ethereum (ETH) layer-2 scaling solution.

“And to clarify even further: there are no concrete plans right now. We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like COIN to Base in a safe, compliant, future-looking way. Still day one.”

Looking at a longer arc of time, Pollak reiterates Base’s plans to see the blockchain as the backbone of global transactions.

“Base’s north star is to build a global economy, on-chain… We are going to bring $1 trillion+ assets to Base and it’s going to happen faster than anyone expects – still day one.”

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Tether and a top third-party cryptocurrency exchange have announced a chain swap that will move $1 billion USDT from other blockchains to the Tron network.

On Jan. 6, stablecoin issuer Tether posted on X that it plans to coordinate with a major exchange to facilitate the chain swap.

According to the announcement, the coordination will see Tether and the exchange convert a portion of the third party provider’s Tether (USDT) held in cold wallets to the Tron (TRX) network. The USDT will be swapped from different blockchains.

Tether’s USDT is available on multiple blockchains, including Ethereum, Tron, and Solana. The stablecoin issuer clarified that the chain swap will not impact the total supply of USDT.

Chain swaps involve the movement of crypto from one blockchain to another. 

This is key to the trading market as it helps traders to use their digital assets on any of the supported blockchains. Tether’s flagship stablecoin is a major player in the crypto industry, with billions of dollars traded daily as users tap into it for payments, trading and cross-border transactions.

USDT holders can transact without the inherent volatility that largely characterizes the crypto market. 

The stablecoin is pegged 1:1 to the U.S. dollar and currently dominates the sector across the ecosystem with over $137 billion in market cap. Circle’s USDC (USDC) is the second largest stablecoin with a market cap of $45.8 billion.

Data shows Tether’s 24-hour trading volume is around $102.5 billion, with this representing a 61% increase in the past 24 hours. USDC’s stands around $7.1 billion, up 80% in the past 24 hours.

While Tether contiues to lead the stablecoin space by market share, its market cap has recently suffered as European Union’s Markets in Crypto-Assets regulation came into full effect last December.