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More than 800,000 NFT minted in Cardano since March with increasing number of projects built on it

More than 800,000 NFT minted in Cardano since March with increasing number of projects built on it

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Answer More than 800,000 NFT minted in Cardano since March with increasing number of projects built on it

According to recent statistics that Posted by The Cardano Foundation “IOHK”, the number of digital assets issued in Cardano has increased to 4.8 million.

On March 23, Morgan Schofield, head of ecosystem growth at IOHK, told that Cardano’s smart contract platform hosts four million non-fungible (NFT) tokens.

Citing this tweet, Charles Hoskinson wrote:

Remember when you predicted thousands of assets and decentralized applications on Cardano?

Well, I was wrong.

There are now millions of digital assets released and DApps are now in the hundreds.

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Since Morgan Schofield’s March 23 tweet, more than 800,000 digital assets have been released.

Cardano Blockchain can generate and interact with custom digital tokens.

“Native” indicates that users can interact with these assigned assets directly and in real time, without the need to use smart contracts.

The characteristics of Cardano’s NFT are the same as the NFT found in other blockchains, where, unlike exchangeable originals, which may consist of millions of exchangeable tokens, the NFT is a single digital asset that cannot be reprinted or destroyed, and is on the blockchain forever.

Number of NFT projects on the rise:

Last week, the IOHK Foundation presented the total number of NFT projects on the Cardano network and reported that it had reached 5,549 projects.

At present, this number has increased to 5,656, which is an increase of 107 projects.

More than 800,000 NFT minted in Cardano since March with increasing number of projects built on it
More than 800,000 NFT minted in Cardano since March with increasing number of projects built on it

The rise in the number of artifacts and minted projects is linked to the growth of the Cardano network.

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Sales of NFT Cardano reached $27 million in April.

The ADA is currently trading 3% higher at $0.54 at the time of writing.

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