ARIA (AriaAI) rose 56.35% in 24 hours

Gate News Bot news, on September 12, according to CoinMarketCap, as of the time of publication, ARIA (AriaAI) is currently reported at 0.16 USD, rising 56.35% within 24 hours, with a high of 0.18 USD and a low of 0.10 USD. The current market capitalization is approximately 29.9 million USD, an increase of 1.08 million USD compared to yesterday.

Play Aria Game is an open-world mobile game experience. The game is set in the world of Fudonia and tells the story of the Elven race ( Aria ) and the war against the evil entity Satanic. Each character in the game has its own story, and players can embark on their adventure journey at Theodorerick Adventurer Academy. The project recently announced that it has received seed round investments from several well-known angel investors and has surpassed the milestone of 150,000 followers on Twitter.

Recent important news about ARIA:

1️⃣ Aria Protocol completes $15 million funding Aria Protocol Labs and Aria Foundation completed a total of $15 million in seed and strategic round financing on September 4. This financing was co-led by Polychain Capital and Neoclassic Capital, with support from multiple parties including the Story Protocol Foundation. The financing utilized a combination of equity and token warrants, bringing Aria's equity valuation to $50 million. This significant financing event demonstrates institutional investors' confidence in the Aria project and provides strong financial support for its future development.

2️⃣ Aria focuses on music IP tokenization The Aria project currently focuses on the tokenization of music IP, aiming to transform music royalties into tradable tokens. This innovative model is expected to enhance the liquidity of music copyright assets, creating new value exchange methods for investors and music creators. Aria's unique positioning may attract the dual attention of the music industry and cryptocurrency investors, bringing more application scenarios and demand for the ARIA token.

3️⃣ Gate exchange continues to support the ARIA ecosystem Gate exchange launched ARIA globally on August 21 and initiated the Launchpool event, providing users with the opportunity to stake ETH or ARIA to share in the airdrop rewards of 625,000 ARIA tokens. This series of activities not only enhanced the liquidity of ARIA but also increased its market exposure, which may be one of the important driving factors for the recent continuous rise in ARIA's price.

From a technical perspective, AR has shown a strong rise in momentum over the past week, with the price increasing from $0.12 to $0.16, a rise of over 33%. This significant price growth may be closely related to the aforementioned financing news and the project's development prospects. However, considering its small market capitalization, investors should remain cautious of potential high volatility risks and closely monitor the long-term development trends of the project.

This message is not an investment advice; investors should be aware of market volatility risks.