{"id":139327,"date":"2023-09-02T01:53:55","date_gmt":"2023-09-01T20:23:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139327"},"modified":"2023-09-02T01:53:55","modified_gmt":"2023-09-01T20:23:55","slug":"parallels-prime-token-doubles-after-beta-launch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/parallels-prime-token-doubles-after-beta-launch-crypto-news\/","title":{"rendered":"Parallel\u2019s PRIME Token Doubles After Beta Launch – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

There\u2019s always a bull market somewhere.<\/p>\n

Parallel, a gaming ecosystem whose flagship offering is a sci-fi digital trading card game, has seen its PRIME token double since the game\u2019s beta version went live on July 31.<\/p>\n

<\/p>\n

PRIME Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

DeFi Dad<\/a>, a popular educator and investor in the crypto space, thinks that Parallel\u2019s founders are finally beginning to see the results of their efforts. \u201cPut simply, [the Parallel team] wants this more than everyone else,\u201d he told The Defiant. \u201cThey want to achieve greatness. And they are hungry, which was impossible not to take notice of even prior to the bear market.\u201d<\/p>\n

Parallel TCG (trading card game) involves getting an opponent\u2019s \u201clife\u201d down to zero. Gameplay is characterized by playing cards, some of which are \u201cunits,\u201d involved in attacking, with others being \u201ceffects,\u201d unlocking specific powers.<\/p>\n

\"the-defiant\"
A Twitch streamer reviews Parallel’s Beta Release<\/figcaption><\/figure>\n

ParallelAIRev<\/a> told The Defiant that they are the largest individual holder of the PRIME token and that lore \u2013 the backstories that provide context for the game \u2013 is one of Parallel\u2019s biggest strengths.<\/p>\n

\u201cThe IP and storyline is the richest within Web3,\u201d they said. \u201cIt\u2019s a captivating story of survival and determination that is truly one of a kind.\u201d<\/p>\n

Trading Volume<\/h2>\n

Interest in the NFTs has been picking up over the past 90 days.<\/p>\n

\"the-defiant\"
Parallel Alpha Volume and Floor Price – 90 days<\/figcaption><\/figure>\n

Still, current volumes have a long way to go to reach all-time highs. The project topped 14,000 ETH in September 2021, and even with the recent momentum, weekly volume has barely begun to cross 100 ETH after languishing under that level for much of 2023.<\/p>\n

\"the-defiant\"
Parallel Alpha Volume and Floor Price – All Time<\/figcaption><\/figure>\n

Trading Card Games<\/h2>\n

There\u2019s an established market for franchises with major trading card game components \u2014 Magic: The Gathering, a game with tens of thousands of different cards, generated over $1B in revenue in 2022, according to its parent company Hasbro<\/a>.<\/p>\n

Pok\u00e9mon, which started as a video game, quickly established an accompanying trading card game before branching into movies, merchandise and more video games.<\/p>\n

And Yu-Gi-Oh is a wildly successful franchise built on a manga about a fantasy card game.<\/p>\n

Overall, many projects in the NFT space have been trying to crack the formula for a successful gaming franchise.<\/p>\n

Yuga Labs<\/a>, the creator of Bored Apes, has taken major steps towards a gaming ecosystem with releases like Dookey Dash<\/a> and Otherside. Others like TreasureDAO are looking to become the next Nintendo.<\/p>\n

Crypto projects looking to get into gaming face an uphill battle \u2014 many gamers just don\u2019t trust<\/a> NFTs.<\/p>\n

Parallel TCG<\/h2>\n

Parallel\u2019s primary game, Parallel TCG, centers on digital cards, which can optionally be purchased as NFTs. \u201cThe NFT version of the cards may change the in-game experience you have while playing Parallel TCG or may be used to provide you different experiences outside of the Parallel TCG game,\u201d says the project\u2019s website<\/a>.<\/p>\n

<\/p>\n

\"the-defiant\"
An example of a Parallel card<\/figcaption><\/figure>\n

<\/a><\/p>\n

There are a whopping 6.1M Parallel NFTs, according to OpenSea<\/a>. The project dropped them as part of a Parallel Alpha collection that was completed in January. An expansion of the NFTs beyond the initial set is planned<\/a>.<\/p>\n

Parallel raised<\/a> $50M from crypto venture firm Paradigm in 2021 at a $500M valuation.<\/p>\n

In keeping with franchises like Pok\u00e9mon, Parallel isn\u2019t limiting itself to one offering. There\u2019s a comic book series with two issues in print. And there\u2019s another game called Colony, which the company is billing as \u201cthe world\u2019s first AI game.\u201d<\/p>\n

DeFi Dad applauded the mettle that the Parallel team showed through the bear market. \u201cParallel is a great example of a team that over-delivered during a terribly challenging time in our industry,\u201d he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There\u2019s always a bull market somewhere. Parallel, a gaming ecosystem whose flagship offering is a sci-fi digital trading card game, has seen its PRIME token double since the game\u2019s beta version went live on July 31. PRIME Price DeFi Dad, a popular educator and investor in the crypto space, thinks that Parallel\u2019s founders are finally […]<\/p>\n","protected":false},"author":2,"featured_media":139328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-139327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=139327"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139327\/revisions"}],"predecessor-version":[{"id":147768,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139327\/revisions\/147768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/139328"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}