HomeCardanoCardano Network Strikes Over 800K NFTs

Cardano Network Strikes Over 800K NFTs

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The number of non-fungible tokens (NFTs) created on the Cardano ($ADA) network has already topped 800,000, as activity on the cryptocurrency’s network continues to rise and the cryptocurrency’s decentralized finance (DeFi) area reaches new highs about total value locked.

According to a tweet from NFT MAKER ($NMKR), a Cardano-based application that allows users to mint NFTs “on-demand,” over 800,000 of all these issued tokens so far. The Network created the platform to lower the hurdles to entry into the NFT industry, and it contains tools to allow artists and brands to make and to sell NFTs without needing to know how to code.

CardanoPeakz, a cryptocurrency project that creates digital collectibles symbolizing some of the world’s mountain peaks such as Mt. Everest, Nanga Parbat, and others, is one of the cryptocurrency projects that use the platform to manufacture tokens. According to Finbold, the project responded to the tweet by stating that it plans to launch even more NFTs.

The popularity of NFTs has exploded in recent months, with several significant corporations entering the market, partially in anticipation of a larger move to the metaverse as well as Web 3.0. As shown in a press release shared with CryptoGlobe, the world’s third-largest pizza delivery company, Papa Johns, has recently begun distributing NFTs minted on the Tezos ($XTZ) network.

Metaverse Games on the Blockchain

Valhalla is a play-to-earn metaverse game.  The Floki Inu ($FLOKI) empowers the game. Floki Inu is also based on NFTs. It has launched its testnet earlier this month. The game will include on-chain gaming engagements and upgradeable NFTs. In addition, it will also have A-level game mechanics on the blockchain.

The crypto whales on Cardano’s network bought as many tokens as they can. In less than 24 hours, they had collected nearly 16 million tokens. This was at a time when data shows Cardano’s developer activity is more than seven times. This was compared to BTC’s activities this year. Moroever, it has lately substantially eclipsed that of Ethereum.

Charles Hoskinson’s Credibility Questioned

In other news, Charles Hoskinson, a well-known American software developer, Cardano (ADA) founder, Ethereum co-founder, and successful entrepreneur, defended his reputation as an opinionated crypto space debater. Charles Hoskinson, a German cryptocurrency critic, had previously impeached IOTA for fraudulent representation on the subject of freedom from fees about a year ago.

If critics do not lighten up Charles Hoskinson’s educational bio, he’ll feel humiliated. Laura Shin published a book in which she revealed the hacking of the Decentralized Autonomous Organization (DAO). Shin is a well-known cryptocurrency journalist. While scrutinizing the book’s pages, one of the observant readers saw Charles Hoskinson and started a Twitter dispute.

Laura Shin’s perspective humilated Charles Hoskinson’s career. Shin’s impeachment was because he produced such novels. Charles sneered and claimed that he was competing with science fiction, sci-fi, and fictitious scriptwriters. He urged the crypto community to ignore the report conclusions.

“The opinions voiced in this Cryptocurrency news article are solely those of the individuals quoted or interpretations of the author. These opinions & interpretations are not necessarily endorsed by Your Crypto Banker or its subsidiaries.”

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