Going by the statement shared by the team at NFTCDN, the platform is launched to advance and optimize data transfer in the NFT sector.

Read Also: ChilledKong8885 Sold For 135,000 ADA on Cardano-Based NFT Marketplace, Charles Hoskinson Reacts

NFTCDN team tweeted, “Display NFTs effortlessly & efficiently on your Marketplace, Wallet & DApp. nftcdn.io is a Cardano NFT Content Delivery Network service aimed at – Improving your end-users’ experience – Keeping your services lightweight – Reducing your operating expenses.”

Display #NFTs effortlessly & efficiently on your Marketplace, Wallet & DApphttps://t.co/37iLgi2BBu is a #Cardano NFT Content Delivery Network service aimed at:

Improving your end-users' experience
Keeping your services lightweight
Reducing your operating expenses

— nftcdn.io (@nftcdn_io) June 15, 2022

According to the team, NFTCDN.io is building an analog of a content delivery network (CDN) for NFT marketplaces, wallets, on-chain games with integrated NFTs, and others.

Precisely, the product is focused on streamlining the content logistics between the storage of content, metadata storage, and Web3 services associated with the content.

NFTCDN.io supports all platforms and methods for content storage, both centralized (HTTPS, centralized cloud services), Web3-native (Arweave, IPFS), and on-chain (Base64-encoded).

In its first releases expected to come by the end of 2022, the platform is set to support various types of image files, including JPEG, PNG, SVG, AVIF, ICO, HEIC, BMP, TIFF and GIF, which are mainstream in the NFT ecosystem.

Read Also: Non-Fungible Tokens (NFTs) Minted On Cardano Surpass 800,000 Mark

Consequently, NFT-centric protocols will have their latency reduced. Also, the integration of Cardano-based NFTCDN.io will be able to reduce transactional costs and resource expenses.

Unlike regular CDNs, NFTCDN.io platform will also be able to modify and watermark uploaded images.

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The post Cardano Welcomes Native Content Delivery Network (CDN) for NFTs appeared first on Times Tabloid.

Hoskinsea announced the launch of its native token HSK token which will be used on the marketplace for different purposes, early birds can participate in the ongoing HSK token private sale.

HSK Token Utilities

Purchase of NFT – Token holders can be able to purchase NFTs from the Hoskinsea marketplace at a discounted price

Transaction Fees – NFT minting fees can be paid using HSK tokens

Governance & Voting – HSK token holders will be made part of the decision-making process on issues that affect our Ecosystem. As such only holders of our token will be given the ability to vote on the necessary decision-making process that will affect our ecosystem.

It is important to note that the amount degree of votes you can give and participation in said voting process will be dependent on the amount of tokens you hold.

Exclusive Privileges – Top holders of HSK tokens will be given Exclusive access to rare edition NFTs which will only be made available during the Public mint

Purchase AD Slots – Due to a large number of NFTs that will be on the platform, users will be able to purchase ad slots for their NFTs using HSK Token.

Transaction Fees Redistribution – Top holders will be able to benefit also on our platform by earning a fixed percentage of profits made from all the transactions carried on our platform using the HSK token.

Creator Verification and Voting – Users will always be more likely to buy or transact from verified creators on our platform. As such creators who will wish to verify their platform will be required to stake a preset amount of HSK token before they can apply for verification.

Stoking Platform – HSK token holders can choose to stake their tokens on our staking platform to earn more tokens

NFT Farming – Users will be able to stake NFTs on our platform and be able to earn rewards in limited/Rare NFTs which can be tradable on other NFT platforms too.

How To Buy HSK Token on Private Sale

HSK Private Sale is Live now!! Early birds who wish to acquire some $HSK tokens at the Private Sale before Exchange Listing can do so by visiting the  $HSK Sale Page.

The Private Sale sale allocation is 10% (10,000,000) and will be made available for sale at a rate of 1 ADA for $HSK 200 tokens.

Minimum Buy: 200 ADA

Maximum Buy: 20,000 ADA

Purchase HSK tokens Here – https://sale.hoskinsea.io

About Hoskinsea NFTs & Collectibles Marketplace

Hoskinsea is the largest NFT and crypto Collectibles marketplace on the Cardano network. At Hoskinsea, we’re excited about a brand new type of digital good called a non-fungible token or NFT. NFTs have exciting new properties: they’re unique, provably scarce, tradeable, and usable across multiple applications. Just like physical goods, you can do whatever you want with them! You could throw them in the trash, gift them to a friend across the world, or go sell them on an open marketplace. But unlike physical goods, they’re armed with all the programmability of digital goods.

Hoskinsea is building tools that allow consumers to trade their items freely, creators to launch new digital works, and developers to build rich, integrated marketplaces for their digital items. We’re proud to be the largest marketplace for Cardano NFTs.

Hoskinsea Media Outlets:

Website: https://www.hoskinsea.io/

News channel: https://t.me/hoskinseanews

Telegram group: http://t.me/hoskinsea

Twitter: https://twitter.com/hoskinsea_io

GitBook: https://hoskinsea.gitbook.io/docs/the-company

Mail: Support@hosakinsea.io

Reddit – https://www.reddit.com/r/Hoskinsea/

The post Cardano News: Hoskinsea sells out 80% allocated token as private sale ends in few hours appeared first on Times Tabloid.

As recently shared on Twitter, ChilledKong8885 with Android Body has just been sold on a Cardano-based NFT marketplace, jpg.store. According to the report, the buyer spent a total of 135,000 ADA worth $128,524 to acquire the NFT.

Read Also: Snoop Dogg and Son Launch Over 19,000 Land Pitches on Cardano in Partnership with Clay Nation: Details

“ChilledKong8885 with Android Body (0.08%) was sold on jpg.store for 135,000 ADA ($128,524.16).”

ChilledKong8885 with Android Body (0.08%) was sold on https://t.co/L35OIFJv6U for 135,000 ADA ($128,524.16) pic.twitter.com/Ta6yWY2OGe

— ChilledKongs Sales (@ChilledKongBot) April 19, 2022

Charles Hoskinson Reacts to the Whopping Sale

Reacting to the whopping amount paid to purchase ChilledKong8885, Charles Hoskinson, the creator of Cardano, shared a GIF to describe his mood after seeing the update. The news also attracted reactions from the crypto community.

https://t.co/NbC3R6BBZb pic.twitter.com/UvIhVD3QP9

— Charles Hoskinson (@IOHK_Charles) April 19, 2022

The new development shows that Cardano is growing steadily to match other blockchains that are already thriving in the NFT sector.

What Is A Non-Fungible Token (NFT)

A non-fungible token (NFT) is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are purchased and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many digital currencies.

Although they’ve been around since 2014, NFTs are just becoming a popular way to buy and sell digital artwork, bringing lots of celebrities across the world into the crypto industry. They are also generally one of a kind with their unique identifying codes.

Read Also: Charles Hoskinson and Snoop Dogg to Discuss Cardano Ecosystem at Cardano360

NFTs are different from cryptocurrencies because each has a digital signature that makes it impossible for them to be exchanged for or equal to one another, which is why they are referred to as non-fungible.

They also get exclusive ownership rights. NFTs can have only one owner at a time, and their use of blockchain technology makes it easy to verify ownership and transfer tokens between owners. The creator can also store specific information in an NFT’s metadata. For instance, artists can sign their artwork by including their signature in the file.

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The post ChilledKong8885 Sold For 135,000 ADA on Cardano-Based NFT Marketplace, Charles Hoskinson Reacts appeared first on Times Tabloid.