Number of NFTs Minted on Cardano ($ADA) Network Surpasses 800,000

Number of NFTs Minted on Cardano ($ADA) Network Surpasses 800,000

The number of non-fungible tokens (NFTs) minted on top of the Cardano ($ADA) network has now surpassed the 800,000 mark as activity on the cryptocurrency’s network keeps surging and its decentralized finance (DeFi) space hits new highs in terms of total value locked.

According to a tweet published NFT MAKER ($NMKR), a tool built on top of Cardano allowing users to mint NFTs “on-demand,” over 800,000 of these tokens have so far been launched. The platform was launched to reduce entry barriers to the NFT marketplace, and as such includes tools to help artists and brands create and sell NFTs without coding knowledge.

One of the cryptocurrency projects using the platform to mint tokens is CardanoPeakz, which creates digital collectibles representing some of the world’s mountain tops including Mt. Everest, Nanga Parbat, and others. As Finbold reported, the project replied to the tweet saying it’s looking to launch even more NFTs.

The popularity of NFTs has been exploding over the last few months with several large firms getting involved in the space, partly anticipating a wider shift to the metaverse and Web 3.0. the world’s third-largest pizza delivery firm Papa Johns, has, for example, recently started offering NFTs minted on the Tezos ($XTZ) network, according to a press release shared with CryptoGlobe.

Earlier this month, the testnet for the Floki Inu ($FLOKI) powered NFT-based play-to-earn metaverse game Valhalla went live. The game is set to “feature A-level game mechanics on the blockchain” (note that this “includes on-chain gaming interactions and upgradeable NFTs”).

Cardano has notably been seeing whales enter a buying spree on its network to the point they scooped up over 16 million tokens in only 24 hours, at a time in which data shows that Cardano’s developer activity so far this year is more than seven times that of BTC, and has recently greatly surpassed that of Ethereum.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Featured image via Unsplash

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