RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Monday, rising by $4.57 percent to $31,708.25 as of 9:00 a.m. Riyadh time.

Ethereum, the second most traded cryptocurrency, was priced at $1,984.31 up by 5.78 percent, according to data from Coindesk.

Everdome marks OKX’s entrance into the metaverse

Cryptocurrency app OKX announced Monday that it has acquired land holdings in Everdome, the hyper-realistic metaverse.

OKX, a tier-1 crypto exchange with $1.5 billion in average daily trading volume, is a major player in the market, according to a press release.

In joining Everdome, OKX joins a global partnership that is driving metaverse innovation, it said.

The OKX platform allows people to trade, invest, and hold thousands of cryptos, digital assets, and collectibles. Trading volumes on the platform increased more than 700 percent in 2021, and the number of trades executed increased 480 percent, the release added.

By collaborating with the Everdome team, OKX will be able to bring their partners and others into the metaverse to create unique cultural experiences.

The statement added that OKX will design interactive experiences that will help Everdome participants learn more about cryptography and the web3 ecosystem.

NFT P2E games gain traction in UAE

Play-to-earn games based on non-fungible tokens are becoming very popular in the UAE, with 29 percent of internet users saying they played such games, according to a recent survey by the comparison website Finder.com.

India featured on top with 34 percent of internet users who participated in the survey saying they had played a P2E game, followed by Hong Kong where 29 percent said they said the same, the survey revealed as reported by cryptonews.com.

According to Finder’s survey, a global average of 18 percent of those under 35 report playing NFT games.

Singapore has the second-highest adoption rate when looking exclusively at this age group, with 35.5 percent of Singaporeans aged 18-34 having played a P2E game.

Young NFT gamers in the UAE came in third, with 35 percent reporting they had played, according to the survey.