NFT Projects On Cardano Coming To 7,000 Ahead Of Vasil Hard Fork

After modifying its network to support the NFT market, Cardano (ADA) has maintained its position as a leader in the market. In this area, the network is drawing more NFT projects that have reached a significant accomplishments.

Data from Cardano Daily shows that as of September 8, the network had around 7,000 NFT projects with 15 markets that had drawn a trading volume of about $459 million.

In particular, data from 100 NFT collections on Cardano has a market capitalization of around $616 million.

Additionally, JpegstoreNFT, which accounts for 64.19% of the network trading volume, is the biggest market. With a proportion of 7.9%, Spacebudz has the highest NFT collections overall.

It is important to note that despite the NFT functionality still being in its early stages, Cardano has experienced tremendous development in this market. After announcing plans to launch the first NFT financing business, the platform also achieved a new milestone.

In this instance, Aada Finance, a platform for lending digital assets, will introduce the Aada V1 service in the middle of September. This service will allow users to lend and borrow assets from each other using a special non-fungible token bond technique.

The latest Cardano NFT milestones can be considered a great stride towards the platform’s move to achieve mass adoption in the crypto ecosystem. This is considered a success ahead of the important Vasil hard fork update that took place on September 22.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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