GAN (Galactic Arena: The NFTverse) rose 12.01% in 24 hours

Gate News Bot news, on September 2, according to CoinMarketCap data, as of the time of writing, GAN (Galactic Arena: The NFTverse) is currently reported at $0.000049, having risen 12.01% in the last 24 hours, reaching a high of $0.000053 and a low of $0.000043. Its current ranking is 4920.

Galactic Arena is an NFT battle gaming platform where players can enter the game world with their favorite NFT heroes. The game includes a PvP real-time combat mode, allowing players to bet their characters and win rewards in BNB, BUSD, and GAN tokens. Additionally, there is “The Carnival” mode, where players can win rare prizes through a spin wheel and card draws. New gameplay modes such as “Fight the Boss” will be launched in the future.

Important news about GAN recently:

1️⃣ Games and Web3 are seen as the driving forces of the crypto economy The founder of the crypto investment company OP Crypto Capital, David Gan, stated that the gaming and Web3 sectors are becoming important forces driving the development of the crypto economy. This view is highly consistent with the gaming positioning of Galactic Arena and may enhance investors’ confidence in the future development of the GAN token.

2️⃣ The application of AI technology in the NFT field has attracted attention Recently, an NFT series created using AI technology has sparked widespread discussion in the art world. As an NFT gaming platform, Galactic Arena may consider integrating AI technology into game development to enhance user experience and increase game innovation.

3️⃣ The regulatory environment in the cryptocurrency industry is tightening The U.S. Department of Justice has taken legal action against certain cryptocurrency exchanges, indicating that the regulatory environment is tightening. For NFT platforms like Galactic Arena, compliant operations will become increasingly important, potentially requiring adjustments to some business strategies to adapt to the new regulatory requirements.

From a technical perspective, the 12.01% rise of the GAN token within 24 hours demonstrates strong upward momentum. However, considering its current low ranking, investors should remain vigilant about potential high volatility risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.