In a surprising turn of events, the native altcoin of a gaming-focused non-fungible token (NFT) marketplace experienced a remarkable surge of over 35% within a 24-hour period, defying the overall lackluster performance of the crypto market.

Known as Prom (PROM), this platform prides itself on being a “decentralized, confidential, and secure” ecosystem for the exchange and rental of NFTs. Within the past 24 hours, the project’s native token, PROM, has skyrocketed by 36.3% and is currently being traded at $7.65 at the time of writing.

The exact catalyst behind the token’s impressive price surge remains unclear. However, it is worth noting that the surge coincided with Prom’s announcement of a new game listing. The project has now integrated Poglin, a blockchain-based fantasy battling game set in a captivating virtual world.

In comparison, the overall crypto market cap has only increased by a mere 0.2% in the past 24 hours and has experienced a decline of nearly 5% over the past week, as reported by CoinGecko.

Last month, Prom unveiled a strategic partnership with DWF Labs, an esteemed web3 investment firm. The project explained that their collaboration focuses on the exchange of knowledge and expertise, combining Prom’s innovative approach in the gaming sector with DWF Labs’ strategic insights into digital assets. This synergistic alliance aims to drive innovation and establish new standards within the Web3 gaming space.

Despite its recent price gains, PROM is still trading at a significant 93% below its all-time high of $106, which was reached in April 2021.

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