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The Web3 altcoin has surged this week amid news of a sponsorship deal with the New England Patriots football team.
through multi-year partnership Chain (XCN), a blockchain infrastructure solutions company, along with Kraft Sports + Entertainment, has become the Official Blockchain and Web3 Sponsor of the Patriots, New England Revolution football team, Gillette Stadium and Patriot Place. rice field. A shopping center built around the stadium.
XCN, the chain’s native governance and utility asset, surged from around $0.067 before the announcement to around $0.075, an increase of around 12%. The 37th largest crypto asset by market capitalization is trading at $0.0778 at the time of writing, up more than 4% over the past 24 hours and up more than 25% from its weekly low of $0.619.
we are very excited to work together @chainan official Web3 and blockchain partner. https://t.co/VH6nNkwXpZ
New England Patriots (@Patriots) September 22, 2022
Murray Kohl, Vice President of Sales, Kraft Sports + Entertainment said:
Together with Chain, we aim to innovate similarly on cutting-edge blockchain technology. Our fans will be able to connect with the Patriots and Revolution in ways never before possible.
chain offer Cloud, ledger, non-fungible token (NFT) services.The company also recently partnered The exchange has teamed up with Coinbase to launch a learn and earn program that offers XCN rewards to crypto novices who complete a series of quizzes and learning modules.
Despite this week’s price hike, XCN remains down more than 57% from its all-time high of over $0.18 in late May.
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Featured Image: Shutterstock/Alexander56891/INelson
