The native token of metaverse-focused blockchain MultiversX , EGLD, spiked almost 10% after the network announced a partnership with the cloud division of Google, a unit of tech giant Alphabet (GOOG).
EGLD jumped to just over $26 from under $24 during European morning hours on Friday, before dropping back to trade recently at $24.59, a 24-hour gain of 3.23%.
MultiversX announced during its xDay Conference in Bucharest, Romania that it would work with Google Cloud to tap its artificial intelligence (AI) and veri analytics tools.
This arrangement will allow MultiversX to streamline large-scale blockchain projects by enabling developers to easily access veri about addresses, transacted amounts, smart contract interactions and more, the firm said.