After this, the Cardano blockchain (ADA) will support the non-fungible token (NFT) market and it is rumored the project is trying to get some key markets to move to the network.
The information was revealed personally by its founder, Charles Hoskinson on his official Twitter account, while at the same time Cardano is ready with Alonzo’s hard fork soon.
Clearly, after finishing with the hard fork this time, they will start working for NFT as the market has high potential.
Be aware NFT is a unique asset with metadata to ensure it cannot be plagiarized, copied or stolen. 1 BTC equals 1 BTC but not for the same two NFTs.
While the NFT market can be counted on as a ridiculous craze as its tokens are capable of reaching millions of dollars. Twitter founder Jack Dorsey proved his first tweet was successfully auctioned at $ 2.9 million and Beeple’s work was auctioned at $ 69 million, becoming one of the most expensive art tokens of the century.
The NFT market is mostly developed on the Ethereum network. However, Hoskinson is confident some of it will move to the Cardano blockchain in the future. The figure also revealed he has contacted several key markets to negotiate.
At the same time, Hoskinson described the Project Catalyst program as the world’s largest decentralized autonomous organization (DAO).
It was launched last year as part of the fifth and final phase of the Voltaire Cardano era. It is rumored it serves as a decentralized control project that will fund crypto projects.
So far, there are already six markets applying for funds with the project. Other NFT -related projects are also said to benefit DAO.
