KOK has been on a steady uptrend since May. The cryptocurrency’s bullish momentum has been going strong ever since the peak of the 2021 bull run – apart from brief movements of stagnation. The month of December resulted in a further spike in the momentum of the digital asset and it managed to establish a new all-time high of $5.68 yesterday. At the time of writing, the cryptocurrency stands at a price level of $5.61. The price shows an increase of more than 20% during the past twenty-four hours while the daily trading volume has surged upwards by more than 300%. KOK token stands at a market rank of #232 with the capitalization growing.
What is KOK?
KOK – or the Keystone of Opportunity and Knowledge – is a decentralized digital content platform. The aim of the platform is to harness the power of decentralization in promoting equality among various stakeholders of the digital content industry. While the current digital content industry is dominated by centralized intermediaries, KOK has the vision to completely alter the current landscape of the industry by creating a fair, open, and transparent ecosystem. Through the platform, creators receive fair compensation for their efforts as there are no centralized intermediaries while content consumers enjoy a diverse variety of content.
Recent developments
Ever since Facebook announced and then rebranded to Meta in order to celebrate the digital realm, cryptocurrency and blockchain technology has seen unprecedented growth. KOK aims to stay on the forefronts of the developments going on in the cryptocurrency market and has been arduously working on maintaining its position in the market. During the beginning of December, the network announced an update of its mobile application – KOK Play – which will re-align the vision of the platform with the changing landscape of the crypto market. The network is moving towards the creation of its metaverse through the launch of various projects.
Some of the updates that are going to take place on KOK Play are the introduction of subscription passes, reorganization of the user interface to make the application more user-friendly, along with added chat and payment functions.
Moreover, KOK Foundation has been gaining traction and increasing in popularity. The platform has been attracting attention throughout the world. Recently, the platform received investments from global venture capital firms – Chain Capital and Kirin Fund. Both these funds specialize in blockchain and related technologies. Moreover, Chain Capital has previously invested in some of the top projects in the cryptocurrency market including Solana and Polkadot.
