Cardano NFTs Have Surpassed The 800,000 Milestone

NFT MAKER (NMKR), the first-ever public ‘Mint-on-Demand‘ tool based on the Cardano (ADA) blockchain, has minted over 800,000 non-fungible tokens (NFTs).

On March 6, the NFT-making platform announced the big news in a tweet:

CardanoPeakz, a crypto project with digital collectibles that symbolize the world’s mountain summits such as Mt. Everest, Nanga Parbat, and Denali, is one of the crypto projects leveraging the platform to mint its NFTs. The team also announced the addition of even more NFTs in response to the tweet.

NFT MAKER was created to make it easier for end-users, artists, and brands to get started with NFTs. To that purpose, it has developed a set of onboarding, minting, and secondary market selling tools that users can use without having to know how to code.

Cardano updates to handle the growing use of NFTs

It’s worth mentioning that the news follows a trend of NFTs’ growing popularity, despite the fact that they’re still in their infancy.

A research that identified 1,263 NFT-related trademarks filed in 2021, a 421-fold increase from the three filed in 2020. Indeed, the number of filings increased by 552.17 percent between August 2021 and January 2022.

Cardano’s scalability – continually rising capacity and throughput to accommodate the growth of the decentralized app (dApp) ecosystem and onboard millions of new users – is one of the features that makes it one of the chosen platforms for NFT minting.

Cardano completed a major network upgrade in September 2021, which included smart contract features, increasing the blockchain’s scalability and performance. It had accepted over 1,000 smart contracts and over 3 million new ADA wallets by the end of January 2022.

In January, the company announced that the block size had been increased by 12.5 percent to 72KB, as well as other performance and scaling improvements, such as the addition of on-disk storage and faster block propagation times to at least 95 percent of peers within five seconds by reducing the ‘dead time’ between blocks.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News