Cardano blockchain experienced a significant transformation after the implementation of smart contracts functionality through Alonzo mainnet launch that played out in September 2021. The major development opened the door for developers and more projects.
As a report has it, over 800,000 non-fungible tokens (NFTs) have been minted using NFT MAKER (NMKR), the first-ever Cardano-powered ‘Mint-on-Demand’ tool.
The new development was announced on 6th March via NFT MAKER’s official Twitter handle.
— NFT-MAKER – $NMKR – Whitepaper out now! (@nftmakerio) March 6, 2022
NFT MAKER’s Progress on Cardano Blockchain
One of the major crypto projects that are leveraging the platform to mint their NFTs is CardanoPeakz, with digital collectibles that represent mountain tops such as Mt. Everest, Nanga Parbat, and Denali.
NFT MAKER was launched as a means to reduce the entry barrier to NFTs for end-users, artists, and brands. It has managed to create a whole set of onboarding, minting, and secondary market selling tools that users can deploy with no coding knowledge.
Over 60 Decentralized Finance (DeFi) Set To Launch on Cardano
According to the data provided by BuiltOnCardano, the number of projects, especially decentralized finance (DeFI), which are launching on Cardano blockchain, experienced a notable increase.
Data from BuiltOnCardano reveal that there are 61 DeFi projects, including 26 decentralized exchanges (DEXs), which are being built on Cardano at the moment.
Some of the decentralized exchanges that are under construction on Cardano include ADA Finance, Ray Network, Occam.Fi, YaySwap, Cardax, Matrixswap, and Meowswap.
While a total of 26 decentralized exchanges are still building to officially go live on the Cardano network, it’s worthy of note that 6 DEXs had initially launched on the blockchain.
SundaeSwap became the first-ever decentralized exchange to fully launch on Cardano following the activation of smart contracts functionality on the network.
Although the DEX encountered slight issues in the early hours of its launch, the bug was swiftly resolved.