Coinbase, the leading cryptocurrency exchange in the United States, has announced the listing of a new artificial intelligence (AI) altcoin. The project, called Karrat (KARRAT), will be available on the platform as an “experimental asset,” according to Coinbase’s social media account.

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

The Karrat protocol, developed by the Karrat Foundation, aims to bring Web3 technology to the fields of entertainment, gaming, and AI. As the governance token of the protocol, KARRAT plays a crucial role in the project.

The protocol’s first game, called “My Pet Hooligan,” has already been launched. In this game, players can assume the role of an in-game non-fungible token (NFT), and those who hold My Pet Hooligan NFTs will be eligible for an upcoming KARRAT airdrop.

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