The $PEAK token will be a spendable currency in the NFT Marketplace, allowing users to purchase and sell their NFTs with Peak. There is also work underway to enable the purchase of apparel from the NFT Apparel marketplace, the companies said in a joint statement.

Ben Guihot, CEO of NFT Apparel, said: "We're extremely excited to be working with Peak Finance as we launch our NFT Marketplace. I have seen the incredible community that Peak has built from the ground up and know that they have plans to keep building for years to come. We can't wait to see Peak as a currency on NFTA when we launch."

Peak Finance launched on the first of April as an algorithmically pegged token on the Metis Andromeda ecosystem with the goal of creating a monetary layer on Andromeda.

Fibre2Fashion News Desk (KD)