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.
Read Also: Charles Hoskinson: JPMorgan Does Not Own Any Critical Cardano Infrastructure
The new development was announced on 6th March via NFT MAKER’s official Twitter handle.
NFT MAKER tweeted, “Over 800 000 NFTs have been minted using .”
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.
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.
Read Also: Cardano Is Number 3 Most Mentioned Crypto on Reddit; ADA Triples ETH in Transaction Volume
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.
Follow us on Twitter, Facebook, Telegram, and Google News
Shiba Inu (SHIB), the Doge-inspired meme coin, continues to become popular across the crypto community.…
Crypto's volatility lures traders with fortunes, but efficiently capturing moves proves challenging manually. This gap…
The cryptocurrency landscape continues to be a battleground for volatility and innovation, where tokens like…
In the past 24 hours, the Shiba Inu blockchain has experienced a surge in activity…
The recent Bitcoin halving event, which occurred on April 19, 2024, has sparked discussions within…
The early bird gets the fattest worm, and this saying is true in the crypto…