Imagine getting crypto punk with those NFTs in the first few days after introduction without price floors in the hundreds of thousands of dollars. It would have been an excellent exchange, and you don’t mind a little history? #crypto #nfts #bayc
NFTs on Ethereum are still in their infancy, and fresh drops with price floors of 1 or 2 ETH are appearing. However, this is not the situation on Cardano at the moment. It’s like when NFTs on Ethereum were first introduced. Cardano’s NFT adventure is only getting started, with the first marketplaces and NFT projects launching soon.
The initial projects are already witnessing daily increases in interest, and prices are also rising, as evidenced by my statistics.
In this post, I’ll show you how to get started with Cardano’s brand-new NFT ecosystem, how to use the finest marketplaces to purchase and trade Cardano cNFT, how to get set up, and then show you some really amazing projects that have the ability to grow and become history, just like some have on Ethereum.
First, we’ll look at how Cardano handles NFTs. Knowing the fundamentals is vital since it can help you predict how the ecosystem will evolve.
Unlike Ethereum, Cardano has the power to mint assets natively on its ledger. A smart contract is used to create Ethereum tokens and NFTs. ERC20 fungible tokens and ERC721 for non-fungible tokens are the two main token standards.
Cardano, on the other hand, does not have these token requirements because NFTs, like other coins, are directly created on the Cardano ledger. Developers will tell you that NFTs and other tokens can possibly be integrated more easily into other forms of smart contracts, which might mean the ecosystem will grow quickly as developers can more easily integrate them into games or other types of dApps.
Cardano also has a huge advantage over Ethereum in terms of blockchain costs. As of the time of writing, ETH is back on the rise, thanks in part to increased demand for NFTs. So that’s it for today, thank you for watching, and please like and subscribe.
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