Coinbase, the leading cryptocurrency exchange in the United States, has announced that it will be listing a new altcoin focused on artificial intelligence (AI). The altcoin, called Karrat (KARRAT), is being labeled as an “experimental asset” on the platform.

In a statement released on their social media platform, Coinbase Assets, the company stated, “Karrat (KARRAT) is now live on coinbase.com & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

Coinbase explained that they add the experimental asset label to tradable assets that are either new to their platform or have low trading volume compared to their broader crypto marketplace. Karrat falls into the latter category, as its value is currently $0.848, down 6.4% since the announcement.

According to a press release from Chainwire, the Karrat protocol, developed by the Karrat Foundation, is an AI-focused altcoin project that aims to bring Web3 technology to entertainment, gaming, and AI. KARRAT serves as the governance token for the protocol.

The first game to launch on the Karrat protocol is called “My Pet Hooligan.” In this game, players can experience being an in-game non-fungible token (NFT), and holders of My Pet Hooligan NFTs will be eligible for an upcoming KARRAT airdrop.

It is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, and it is not an investment advisor.