QNT, the native crypto of the blockchain interoperability network Quant, saw about 40% price increase in the last 7 days despite bear market trends continuing to dominate.
Quant was founded in 2015. The network uses Overledger technology to ensure interaction with various blockchains. QNT powers the ecosystem serving as a means for payment.QNT's recent price increase is related to recent developments of the network.
Previously, in June, Quant announced a tokenization product, which enables developers to release crypto tokens on Polygon, Ethereum, and XDC Network. Later, in August the team informed the community about launching a non fungible token standard QRC-721.