• Cardano has coined almost 800,000 NFTs

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

    The significant announcement was made by the NFT-making platform in a tweet on March 6:

    Over 800 000 #NFTs have been minted using https://t.co/MAZ1ocF75R🚀 pic.twitter.com/MJaZlOy1Qb— NFT-MAKER – $NMKR – Whitepaper out now! (@nftmakerio) March 6, 2022

    CardanoPeakz, a crypto project that uses the platform to mint its NFTs, is one of the crypto projects using the platform to mint its NFTs, featuring digital collectibles that symbolize the world’s mountain peaks such as Mt. Everest, Nanga Parbat, and Denali. In response to the tweet, the project announced the addition of more NFTs.

    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 comprehensive set of onboarding, minting, and secondary market selling tools that users can use without any coding experience.

    Cardano makes adjustments to support the growing use of NFTs.

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

    ULTCOIN365 previously published a research that discovered 1,263 NFT-related trademarks in 2021, a 421-fold increase from the three submissions in 2020. Indeed, filings increased by 552.17 percent between August 2021 and January 2022.

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

    Cardano completed a major network update, including smart contract features, in September 2021, 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 a 12.5 percent increase in block size – to 72KB – as well as other performance and scaling enhancements, such as the introduction of on-disk storage and improved block propagation times to at least 95 percent of peers within five seconds by reducing the ‘dead time’ between blocks.

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