TAG (Tagger) rose by 10.55% in the last 24 hours.

Gate News Bot news, July 29, according to CoinMarketCap data, as of the time of writing, TAG (Tagger) is currently reported at $0.00077198, having risen 10.55% in the last 24 hours, reaching a high of $0.00082521 and a low of $0.00057795. The current market capitalization is approximately $837,000, an increase of nearly $79,800 compared to yesterday.

Tagger is a decentralized artificial intelligence data solution platform that has established a DeCorp model, creating a boundaryless workforce for data labeling, collection, management, and trading within a permissionless framework. The platform offers services such as AI-assisted labeling, manual data labeling, and data review, boasting advantages like professional industry datasets, decentralized processing and storage, and privacy and ownership protection. Tagger also provides a seamless pipeline for data collection, storage, and sharing through DePIN, enabling permissionless trading of data.

Important news about TAG recently:

1️⃣ Gate launches TAG perpetual contracts, enhancing liquidity Gate launched the TAG/USDT perpetual contract trading pair on July 25, supporting 1-20x leverage for long and short positions. The new contract settles the funding rate every 4 hours, providing more trading options and liquidity support for TAG, which may attract more investors to participate in TAG trading.

2️⃣ BNB Chain Foundation Strategic Investment in TAG The BNB Chain Foundation recently purchased TAG tokens worth $25,000, demonstrating confidence and support for the Tagger project. This strategic investment may enhance TAG’s position within the BNB Chain ecosystem and bring more development opportunities.

3️⃣ Tagger uses USD1 stablecoin for settlement, expanding the payment ecosystem Tagger announced the adoption of the USD1 stablecoin issued by World Liberty Financial as the settlement method for data orders from Web 2 client enterprises, and plans to issue part of the real-time task rewards to platform data annotators in USD1 form in the future. This initiative is expected to optimize Tagger’s payment process, enhance the efficiency of cross-border transactions, and may attract more corporate clients.

From a technical perspective, TAG has shown strong price trends recently, with a rise of over 10% in 24 hours, indicating positive market attention towards the project. On the fundamental side, Tagger’s innovative model in the AI data industry and recent strategic partnerships provide a solid foundation for its future development.

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