BLOCKv skyrockets by 491% after Visa’s groundbreaking declaration
BLOCKv experiences a significant surge of 491% following Visa’s introduction of the web3 loyalty program in collaboration with SmartMedia Technologies, the owner of the SmartNFT Protocol.
Visa made an announcement on January 4th, unveiling their web3 loyalty engagement solution developed in partnership with SmartMedia Technologies, a prominent web3 collaborator. The objective of this joint agreement is to revolutionize traditional loyalty programs by offering immersive experiences that include gamified rewards, augmented reality treasure hunts, and innovative ways to utilize loyalty points.
Tyler Moebius, the CEO of SmartMedia Technologies, expressed his excitement about the collaboration, stating, “This partnership goes beyond enhancing customer rewards; it aims to redefine the value exchange between brands and consumers in a world where mobile payments are prioritized. Our commitment lies in delivering experiences that are both rewarding and engaging, catering to the needs of today’s evolving consumers.”
It is worth mentioning that SmartMedia Technologies utilizes the blockchain-agnostic SmartNFT protocol, a technology developed by BLOCKv, the company it acquired.
In response to this news, CoinGecko data revealed that the price of BLOCKv (VEE) skyrocketed to $0.01519, with a 24-hour trading volume of $4.7 million. This represents a remarkable price surge of 491.4% within the past 24 hours, along with a notable increase of 397% over the course of the last seven days.
Furthermore, BLOCKv currently has a circulating supply of 3.3 billion VEE tokens, contributing to a market capitalization of over $49 million.
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