The number of non-fungible tokens (NFTs) minted on the Cardano (ADA) network has now surpassed the 800,000 mark as activity on the cryptocurrency network continues to surge and its decentralized finance (DeFi) space hits new highs in terms of total. locked value.
According to a tweet posted by NFT MAKER (NMKR), a tool built on Cardano that allows users to generate NFTs “on demand”, more than 800,000 of these tokens have been launched so far. The platform was launched to lower the barriers to entry into the NFT market, and as such includes tools to help artists and brands create and sell NFTs without coding knowledge.
One of the cryptocurrency projects that the platform uses to mint tokens is CardanoPeakz, which creates digital collectibles depicting some of the world’s mountaintops, including Mount Everest, Nanga Parbat, and others. As Finbold reported, the project responded to the tweet by saying that it is looking to release even more NFTs.
The popularity of NFTs has skyrocketed in recent months with several major companies getting involved in the space, in part anticipating a broader shift to the metaverse and Web 3.0. The world’s third-largest pizza delivery company, Papa Johns, for example, recently began offering NFTs minted on the Tezos (XTZ) network, according to a press release shared with CryptoReport.
Earlier this month, the testnet for the NFT-based, NFT-based metaverse game Valhalla of Floki Inu (FLOKI) went live. The game is set to “feature A-tier gameplay on the blockchain” (note that this “includes upgradable NFTs and on-chain game interactions”).
Cardano has been seeing whales go on a buying spree on its network to the point where they collected over 16 million tokens in just 24 hours, at a time when data shows Cardano development activity as far as So far this year it is more than seven times that of BTC, and has recently far surpassed that of Ethereum.
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