KARRAT, the governance token of the KARRAT protocol, has surged over 40%, reaching an all-time high since its launch. At the time of writing, the token was trading at $1.10, marking a 41% increase in the last 24 hours. The crypto asset’s trading volume also saw a significant rise, climbing by 600% to $32 million.

Launched on April 22 by the KARRAT Foundation in Camana Bay, Cayman Islands, the KARRAT Protocol is funded by KARRAT tokens, focusing on the gaming and AI sectors. AMGI Studios, an independent animation and gaming company at the intersection of AI and gaming, is a key supporter of KARRAT and collaborates with major entities.

KARRAT’s latest surge in value followed a June 4 announcement of a partnership between AMGI Studios and AI & Big Data company Palantir. The partnership will see AMGI Studios utilize Palantir’s foundry architecture in its products and applications, marking a significant step forward for the KARRAT ecosystem.

“First NVIDIA, now AMGI x Palantir”

In another notable development, AMGI Studios announced a collaboration with AI leader Nvidia on May 23. The partnership is expected to further enhance the integration of advanced AI technologies within the KARRAT ecosystem.

KARRAT has already secured listings on major crypto exchanges, enhancing its accessibility and trading potential. Earlier in February, KARRAT Protocol launched its first web3 game, ‘My Pet Hooligan,’ a social-action game available in early access. The AAA game, the flagship IP of AMGI Studios, features advanced motion capture technology, AI-driven characters, and real-time face-driven animation. It allows players to embody NFTs in-game using the KARRAT protocol.

The web3 game has already gained recognition, winning the Best Action Game award at the GAM3S.GG Awards in December 2023. For those interested in cryptocurrencies, investing, and finance, keep up with the latest news on Global Crypto News.

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