Imagen Network (IMAGE) Pumps 326% Following Partnership With AIXONE

Imagen Network, a decentralized social networking platform, has become one of the top gainers in the crypto market over the past 24 hours. According to on-chain data from the price-tracking website CoinMarketCap, Imagen Network’s native token, IMAGE, saw a meteoric 326% price surge, bringing its valuation to $0.0069 at the time of writing.

The sudden price pump came shortly after Imagen Network announced a new partnership and feature.

A New Partnership

A few hours ago, the development team behind the Imagen Network forged a new partnership with AIXONE, a project building at the intersection of artificial intelligence (AI), blockchain technology, and healthcare.

AIXONE focuses on developing ribonucleic acid (RNA) medicines, which are targeted at treating various diseases at their genetic root. By bringing AI and blockchain into the picture, AIXONE aims to make “adaptive treatments faster and more accessible.”

Imagen Network, on its part, is a social platform that puts users in control of their data while they connect with others on the internet. Users often find themselves surrendering too much of their personal data to Web2 social media platforms, which evades their privacy. Imagen changes the narrative by introducing a decentralized social media interface. Users can create, own, share, and view content while interacting with others.

At the helm of Imagen’s operations is its dedicated AI called the Imagen AI. It harnesses the technology behind popular image generators like DALL-E and Stable Diffusion to enable users to create and manage AI-generated visual content.

The partnership between Imagen and AIXONE will enable community members to explore decentralized identity and ownership within the Web3 and healthcare communities. They can also tap into “Imagen’s AI content engines for community-driven biotech storytelling.”

Like Imagen and AIXONE, various projects have increasingly doubled down on building products that cut across AI and blockchain. Among these platforms are Talos, Infinity Ground, and SkyAI.

A New Feature

Aside from partnering with AIXONE, Imagen also unveiled a new feature called Smart Community Hubs, poised to bring increased engagement with the decentralized social platform.

The new feature allows users to collaborate within community spaces to co-create AI-powered digital content, which can be monetized. Co-creators also receive governance rights over their content. Each hub is customizable to suit its creators’ taste.

Can IMAGE Go Higher?

IMAGE is the lifeblood of the Imagen ecosystem, allowing users to execute transactions and pay for premium services. The development team also uses the token to incentivize community members during campaigns. The token is available on BNB Chain, Ethereum, and Solana.

Notably, IMAGE’s price surge following these announcements is admirable. Still, it is a far cry from its all-time high (ATH) of $0.03797, which is an 81.6% drop.

It remains to be seen whether IMAGE can go higher than its current price level. The digital asset will likely record more price gains if the Imagen Network secures more strategic partnerships and unveils toolsets that will benefit its users. Aside from these, an endorsement from a notable figure can be a driving force to propel IMAGE’s market valuation to new frontiers.

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