Not just a collection of NFTs
Mocossi Planet will soon be the first play-to-earn virtual pet game on the Cardano blockchain.

Mocossi - ITO
Our first launch included 10,000 adorable and unique Mocomons named ITO, which will soon become characters in our game. They were distributed for 35 ADA each and sold out in just three days. At the moment we are working hard to deliver the breeding feature, which will allow two ITOs to be paired and generate a second-generation ITO. Follow us on Discord to stay up to date!

Mocossi Planet
In 2048, advancements in science and technology enabled mankind to expand the search for interstellar planets in the universe. The search uncovered an Earth-like planet without any signs of humans and that is home to several intelligent alien species named Mocomon. After years of study, scientists found that the adorable inhabitants of this extraterrestrial space could coexist with earthly humans. Consequently, countries began sending more and more hooomans to inhabit the planet. As time passed, we entered a new evolutionary era, one in which we live in harmony and peace with our alien friends, the Mocomons.

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Mocossi

<a href="https://www.snek.com/">SNEK</a>, the cultural heartbeat of the crypto movement, announces a pioneering initiative in the Cardano ecosystem - a collaborative effort involving 18 of the top Cardano communities to deliver a holiday experience like no other. This initiative, a first-of-its-kind in the ecosystem, aims to spread holiday cheer and strategically onboard new users to the crypto community, making it a landmark event for the Cardano blockchain.Central to this initiative are custom physical holiday cards, designed collaboratively by the SNEK community on Twitter. These cards, available today for purchase at 20 USD each (including international shipping) on <a href="https://holidays.snek.com">holidays.snek.com</a>, offer more than seasonal greetings. Each card is embedded with 16 different tokens from participating projects, providing a fun, introductory gateway into the Cardano ecosystem.To access their gifts, card owners only need to scan two QR codes and tokens will be automatically deposited into their account. Introducing Cardano’s ecosystem to friends and family has never been simpler.Goofycrisp, Father of SNEK, highlights the initiative's broader impact, "Through this holiday card initiative, we're not only uniting the Cardano ecosystem with a historic collaboration but also guiding new members into the crypto community. Our goal is to make this onboarding exercise informative, easy and enjoyable. We're excited to merge the festive spirit with our vision of a fun, inclusive web3 world."Complementing these holiday cards is SNEK’s educational platform, snek.com/discover. This page will guide new crypto members through the Cardano ecosystem, showcasing the contributions and roles of each partner.Lukas, CMO at Lenfi, comments on the educational aspect, "Joining hands with SNEK for this initiative is not just about celebrating the holiday season; it's about educating and inspiring a new wave of crypto enthusiasts. We are happy that snek.com/discover will be a testament to our collective commitment to growing and enriching our ecosystem."The holiday card initiative, a collaboration with partners like World Mobile Token, Clay Nation, Lenfi, Minswap, NMKR, Iagon, Cornucopias and 12 others, marks a significant stride in fostering unity and facilitating crypto onboarding within the Cardano community.In a nod of rewarding user-generated content, SNEK announces that 25% of the proceeds from each holiday card will be given back to its creator, further encouraging community participation and creativity.Long Nguyen, Lead Engineer at Minswap Labs, celebrates this historic collaboration in the Cardano Ecosystem, "We are delighted to support this initiative by SNEK to unite top Cardano projects and also onboard new users to the ecosystem. For intiativessss like these, SNEK has a warm place in every Cardanians heart"Adam Dean, Proof of Onboarding Protocol Author, says "This is a great way to showcase the strength of the Cardano community and the ease with which we can bring new users into the ecosystem when we collaborate and work together to develop open standards and innovations that are accessible to all."About SnekSNEK is a cultural icon in the web3 world, embodying fun, inclusivity, and innovation. SNEK is at the forefront of making the crypto space accessible, engaging, and transparent. Rooted in the spirit of internet culture and fueled by a dedicated online community, SNEK brings fun and creativity to the crypto market, providing a much-needed bridge for web3 onboarding.Anvil Dev Agency | Sundae Labs | VyFinance | Mocossi Planet | DexHunter | Minswap Labs | World Mobile Token | The Block Investment Group | Spectrum Network | Cornucopias | Lenfi | Snek | Iagon | Derp Birds | VESPR | NMKR | Snek Energy | DripDropz | Clay Nation

Cardano Feed

SNEK orchestrates a groundbreaking holiday initiative in the Cardano ecosystem to foster unity and facilitate crypto onboarding

There has been lots of discussion recently within the Minswap community regarding $MINomics. The overall sentiment is that $MIN as a token lacks a use case and a role within the platform. Token mechanics are a pivotal part of the overall health of DEX, a revamp on $MINomics is due and $MIN holders deserve more clarity as well as a big say in the future of $MINomics.Background$MINomics have been extensively covered so far in the following 2 articles:<ul><li><a href="https://minswap-labs.medium.com/minomics-research-part-1-exploring-tokenomic-models-and-revenue-sources-dd59c434e38f">$MINomics Research Part 1: Exploring Tokenomic Models and Revenue Sources</a></li><li><a href="https://minswap-labs.medium.com/minomics-research-part-2-introducing-dynamic-emission-schedules-974783ef1f8d">$MINomics Research Part 2: Introducing Dynamic Emissions Schedule</a></li></ul>The $MIN token is the Governance token of the Minswap DEX. It is rewarded to Liquidity Providers, which are needed to have deeper liquidity to offer more cost-effective swaps. $MIN token holders decide on the future of the platform through <a href="https://app.minswap.org/gov">Governance</a>. The Daily Rate at which $MIN tokens are distributed (which can be seen on the <a href="https://app.minswap.org/farm">Farm</a> tab) changes bi-weekly and depends on market factors as was voted in a <a href="https://app.minswap.org/gov/7434204a256ef740eb928f3cd56f77302c051b977c8282d43c9e144dbd4b2fd2">Governance Proposal</a>.$MINomics were designed in a community-centric way since the get-go, with no private investors or insiders. The current circulating supply for $MIN is 17.69% of total supply. The different wallets holding each allocation can be seen <a href="https://docs.minswap.org/min-token/usdmin-tokenomics/token-allocations-and-vesting">here</a>.Current State of $MINomicsBack in June 2022, the <a href="https://minswap-labs.medium.com/minomics-research-part-1-exploring-tokenomic-models-and-revenue-sources-dd59c434e38f">$MINomics Part 1 article</a> was posted. Several ideas were expounded there for a better use case of $MIN within the platform. Many of which such as the Batcher Fee Discount were implemented.In that article it was also mentioned that, sometimes, protocols get lost in the weeds thinking about tokenomics, without focusing on the real objective: to gain users and increase revenue. There were 4 Revenue Generation Sources listed for the Minswap protocol, let’s revisit them:<ul><li>LP Fees: currently, Protocol Fees are set at 0.3% for swapping on all Liquidity Pools. Following the activation of the Fee Switch, now 0.05% of swapping fees paid on the DEX are used to zap that $ADA into $MIN/$ADA LP Tokens which go to the DAO Treasury. Since its implementation in December 2022, as of July 21st 2023 approximately 982k $ADA worth of $MIN/$ADA LP Tokens have been accumulated this way. It can be checked real time <a href="https://minswap.org/fee-switch/">here</a>.</li><li>Batcher Fee: for every swap (and action such as add/remove Liquidity) on the Minswap DEX, users pay a fixed fee of 2 $ADA. This $ADA is majorly used to cover the transaction costs of batching the orders. The excess Fee is currently directed towards Minswap Labs, to fund development and operations costs.</li><li>Launchbowl Events: Minswap Labs offers the Launchbowl services to projects looking to launch their tokens on Cardano and bootstrap Liquidity for them. Two “Liquidity Bootstrapping as a Service'' Events have been launched thus far for <a href="https://indigoprotocol.io/">Indigo DAO</a> ($INDY) and <a href="https://mocossi.com/">Mocossi Planet</a> ($MCOS), both with resounding success. The Minswap DAO Treasury obtains a percentage of the resulting Liquidity Pool as a Fee, which increases and diversifies the Treasury. Since the first Launchbowl Event in November 2022, as of July 21st 2023 268k ADA worth of $INDY/$ADA LP Tokens was accumulated as well as 76k $ADA worth of $MCOS/$ADA LP Tokens. It can be checked real time <a href="https://minswap.org/pol/">here</a>.</li><li>$ADA staking rewards: currently, all $ADA in the Minswap Liquidity Pools is staked according to a framework chosen by <a href="https://app.minswap.org/gov/7fdf5b96fc09c2fd5427b91ba38597c97b3fe23d931e88ec134d7487cbf35e0e">Governance</a>. The $ADA staking rewards generated are distributed to Liquidity Providers on the DEX. One could argue that even though $ADA staking rewards come from $ADA staked by LPs, these LPs get compensated in $MIN tokens, and thus a % of their ADA staking rewards could be distributed as revenue as well. However, as of now all these $ADA staking rewards are distributed to LPs. This could change through a Governance vote.</li></ul>$MINomics V2 — A glimpse into the futureDespite the improvements introduced over time, it is high time for a radical change in the mechanics of the $MIN Token. $MINomics V2 will encompass all those changes that have the following aim:<ol><li>Decide on the future of the Fee Switch.</li><li>To commence redirecting Batcher Fees towards the DAO Treasury.</li><li>Evaluate new use cases of $MIN within the platform.</li><li>Iterative improvements on tokenomics.</li></ol>1. Decide the future of the Fee SwitchThe Fee Switch is currently being exclusively directed towards one aim: to increase DAO owned $MIN/$ADA Liquidity. With this Liquidity being close to 14.5mn $ADA worth currently, the case can be made to commence directing the Fee Switch towards another aim. As such, we believe the following choice should be given to $MIN Holders in a Governance Proposal:<ol><li>To redirect the Fee Switch towards other Assets (such as Stablecoins) to continue to grow and diversify the DAO Treasury.</li><li>To redirect the Fee Switch $ADA towards $MIN stakers in a framework where $MIN stakers are rewarded for contributing to the protocol in a meaningful manner. This would be by locking their $MIN for either 1, 3, 6 or 9 months. This way, $MIN stakers would be compensated in real yield in $ADA, for the economic risk of locking $MIN for different time periods and with corresponding boosts.</li><li>Keep things as they are now redirecting the Fee Switch towards accumulating MIN/ADA LPs.</li></ol>A Governance vote will take place on Monday July 31st to decide on this. More details will be provided on the different options.2. To commence redirecting Batcher Fees towards the DAO TreasuryAs mentioned above, Batcher Fees (minus gas costs) have until now been collected by Minswap Labs to fund development and operations costs. This has allowed Minswap Labs to grow a significant runway, to continue hiring during the bear market and establish itself as one of the most reputable development shops building DeFi products on Cardano.As such, the decision has been made to commence directing 50% of all Batcher Fees generated every month towards the DAO Treasury. While 50% will still be kept by Minswap Labs to continue financing development and operations, the remaining 50% of $ADA earned in Batcher Fees will be directed towards the DAO Treasury. How this $ADA is utilized will be up to the DAO, and there are multiple possibilities (paying contributors, purchasing other assets for a diversified treasury, grant proposals, quarterly distributions, etc).This will start on August 1st 2023.3. Evaluate new use cases of $MIN within the platformIn the light of community feedback, it is clear that Governance and Discount on Batcher Fees are not enough of a use case for the $MIN Token. In our view, the use case of the $MIN Token within the platform could be increased through 2 main verticals:<ul><li>Boosting of Farming Yields for LPs.</li><li>Increased say in the direction of $MIN Emissions for those who hold $MIN.</li></ul>Both of these Use Cases are somewhat complex and their introduction would involve different tradeoffs. We will further elaborate on them in an upcoming $MINomics article.4. Iterative improvements on tokenomics The first area concerns the control on $MIN emissions and inflation. This commenced with a deep analysis in the <a href="https://github.com/minswap/minswap-pm/blob/main/Emissions-Treasury-Reports/31-3-2023_Emissions_and_Treasury_Report.pdf">DAO and Emissions Report</a>. Since then, the $MIN Daily Emissions Rate is being adjusted bi-weekly:<ul><li>During the first adjustment on July 6th 2023 the rate was lowered 7.5% from 670,609 MIN Daily to 620,313 $MIN Daily.</li><li>During the second adjustment on July 20th the rate was lowered again 7.5% from 620,313 MIN Daily to 573,790 $MIN Daily.</li></ul>Another case regarding improving tokenomics could be made as far as $ADA Staking rewards are concerned. A possibility, to be decided by the DAO, is to redirect a part of those $ADA staking rewards towards $MIN stakers.Lastly, regarding the $MIN Token allocations:<ul><li>As the DAO Treasury commences earning more and more $ADA, The 65 mn MIN dedicated towards Incentives &amp; Partnerships may not be needed anymore (as $ADA could be used instead).</li><li>In addition, if $MIN Yield Farming were continued at the current rate, it would take more than 14 years to use up all the Yield Farming $MIN. This may be too long for what will actually be needed, especially given the rate is expected to decrease as Trading Fees increase organically on the platform with increased adoption.</li><li>The DAO Treasury currently has a 4% allocation remaining, which could be increased for various uses.</li></ul>Governance Proposals will be needed in order to restructure the token allocations with the aim of increasing efficiency and improving tokenomics.ConclusionThe future couldn’t be brighter for the Minswap protocol and community. The next months will be filled with Governance decisions and discussions about the future of the $MIN token within the platform. The main ones will be:<ol><li>Whether to redirect the Fee Switch towards $MIN holders/stakers in a new Framework, use the Fee Switch rather to continue accumulating Assets for the DAO Treasury, or keep the Fee Switch as it is now.</li><li>Whether to increase the use case of the $MIN token by enabling boosting of Farming Yields for LPs who hold $MIN and an increased Governance say in the direction of $MIN Emissions for those who hold $MIN as well as the parameters around that framework. Some ideas will be published in the next $MINomics article.</li><li>Whether to implement a Fee on $ADA Staking rewards generated by LPs on Minswap and what to do with that Fee.</li><li>Determine the uses for the $ADA that will be accumulated by the DAO Treasury coming from Batcher Fees.</li><li>How and whether to restructure $MIN token allocations.</li><li>And more! Post any ideas you have towards the future of Minswap and the $MIN Token in our <a href="https://discord.com/invite/minswap">Discord</a>!</li></ol>

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$MINomics V2 - Minswap

You are here: <a target="_blank" href="https://www.tronweekly.com/">Home</a> / <a target="_blank" href="https://www.tronweekly.com/category/news/">News</a> / <a target="_blank" href="https://www.tronweekly.com/category/news/blockchain/">Blockchain</a> / Cardano’s Ecosystem Flourishing With dApps &amp; Upgrades<article><div>
A prominent ADA whale recently <a href="https://twitter.com/cardano_whale/status/1654766801673392133" target="_blank">tweeted</a> about the vibrant ecosystem of Cardano, acknowledging that some news goes unreported. In response, the latest update on Cardano, titled “#LatestOnCardano,” highlights both minor and major developments in the network, including L1+L2 upgrades, stats, dApps, SPO, NFT, governance, community, and more.
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<blockquote><div>1/Cardano has a vibrant ecosystem but some news goes unreportedIn <a href="https://twitter.com/hashtag/LatestOnCardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#LatestOnCardano</a> I highlight news, minor and major. L1+L2 upgrades, stats, dapps, SPO, NFT, governance, community and moreAll things Cardano. Irregular but hopefully frequent. Here’s #18 in the series. Pls DYOR</div>— ADA whale (@cardano_whale) <a href="https://twitter.com/cardano_whale/status/1654766801673392133?ref_src=twsrc%5Etfw" target="_blank">May 6, 2023</a></blockquote>
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One significant development in Cardano is the mainnet compatibility of the state channel protocol Hydra, which is a crucial component of Cardano’s scalability plans. This achievement is expected to facilitate payments and auctions, similar to BTC Lightning.
<h2>Cardano dApps Enhance User Experience</h2>
Several dApps are making significant strides on the network. Wingriderscom added a light mode and pro view for easier transactions, while SundaeSwap’s v2 layout places the portfolio front and center, making buying and selling more intuitive. 
MuesliSwapTeam is the first exchange to move away from using only ADA as the base for all trading, which is a natural step towards diversifying the Cardano economy.
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<blockquote>🎉 Exciting news from <a href="https://twitter.com/hashtag/Muesliswap?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Muesliswap</a>! 🚀 Introducing a game-changing feature: you can now select alternative bases like iUSD or DJED on the markets page, in addition to ADA! 💱 Dive into a more diverse and customizable trading experience. 🌐 <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#DeFi</a> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Cardano</a> <a href="https://t.co/qXnRLMZTqw" target="_blank">pic.twitter.com/qXnRLMZTqw</a>— MuesliSwap 🥛 | Hybrid DEX on Cardano (@MuesliSwapTeam) <a href="https://twitter.com/MuesliSwapTeam/status/1653371396519542784?ref_src=twsrc%5Etfw" target="_blank">May 2, 2023</a></blockquote>
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Helios_lang’s developers have released some updates, which have garnered praise from many ADA enthusiasts. The platform’s dev experience coming of age is considered one of the most exciting themes of 2023. Several projects are coming to the network, with big announcements expected from DEMUPro. 
Similarly, <a href="https://twitter.com/AadaFinance/status/1653715010487451648" target="_blank">AadaFinance</a> is a fast-growing lending protocol that is soon bringing pooled lending to the network. Pool Manager NFTs have profound implications for the traditional finance industry, and the network is establishing itself as an incubator for media projects focusing on books, music, video, and more.
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Moreover, NucastIO has released its Android app, allowing the decentralization and tokenization of video ownership. Book_io is building a digital library, while ExtractDEX has partnered with official mocossi to improve liquidity for Cardano NFTs. 
GoKeyFinance is a project with big ambitions, building a decentralized P2P real estate finance dApp with a DAO allowing the community to invest in real estate.
WhiskeesNFTs is a hand-drawn NFT collection that allows NFT owners to have crowdfunded partial ownership in rare aging whiskey casks, yielding 15-20% a year. IagonOfficial has published its multi-sender dApp on Cardano mainnet, while PXLZ NFT is teaming up with PaimaStudios to build the PXL Wars game.
CogitoProtocol introduced the testnet demo of its first “tracercoin” called Green Coin, which is tied to non-currency indexes. GeniusyieldO staking dapp is adding some other tokens to its platform, while VyFiOfficial is launching on May 15th. Liqwidfinance is having a vote on shifting to a dynamic rewards scheme, while JPGStoreNFT is teasing its forthcoming token.
TapTools now supports NFTs, and MetaDEXfi has teased what looks like a snapshot of its dapp. Finally, Indigo_protocol yields remain juicy as ever, making it the second-largest Cardano DeFi app. 
Meanwhile, Eikonikos_HQ is building an open metaverse, including social and economic components, metaverse malls, avatars, and much more.
Related Reading | <a target="_blank" href="https://www.tronweekly.com/floki-inu-2000-surge-in-trading-volume/">Floki Inu Takes Off: 2000% Surge in Trading Volume Fueled By Multiple Catalysts</a>
</div></article>

Tron Weekly

Cardano's Ecosystem Flourishing With DApps & Upgrades

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						 <ul>
<li>After a slow start to the year, Cardano NFTs have picked up momentum.</li>
<li>Despite various milestones, collections under the blockchain have not matched up to their Ethereum counterparts.</li>
</ul>
Over the last few years, the Non-Fungible Token (NFT) market has grown to become a billion-dollar industry. However, it seems like the sector has not reached its peak, as <a href="https://www.globenewswire.com/en/news-release/2022/05/26/2451426/0/en/The-Global-Non-Fungible-Tokens-NFTs-Market-is-expected-to-reach-a-value-of-USD-122-43-Billion-by-2028-at-a-CAGR-of-34-10-over-the-forecast-period-2022-2028-SkyQuest-Technology.html#:~:text=According%20to%20SkyQuest%20Technology%2C%20the,forecast%20period%20of%202022%20%2D%202028." target="_blank">SkyQuest Technology predicted</a> that the market value could surpass $122 billion by 2028.
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Realistic or not, here’s <a href="https://ambcrypto.com/calculator/marketcap" target="_blank">ADA’s market cap in ETH’s terms</a>
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Two undeniable contributors to the current market level are the <a href="https://ambcrypto.com/search/ethereum" target="_blank">Ethereum [ETH]</a> blockchain and <a href="https://ambcrypto.com/search/solana" target="_blank">Solana [SOL]</a>. However, these are not the only ones that have had significant input into the ecosystem.
<a href="https://ambcrypto.com/search/cardano" target="_blank">Cardano [ADA]</a> NFTs have also had a tremendous impact on the sector. DappRadar, in October 2022, reported that the Cardano NFTs had become the <a href="https://dappradar.com/blog/crypto-adoption-on-the-rise-reddit-showing-the-way" target="_blank">third-biggest protocol</a> in the ecosystem.
At that time, Cardano had just completed its much-anticipated <a href="https://ambcrypto.com/what-does-post-vasil-cardano-ada-share-with-post-merge-eth/" target="_blank">Vasil upgrade</a>. The upgrade, which was meant to enhance block latency speed and efficiency on the blockchain, propelled an increase in Unique Active Wallets (UAW) on the blockchain. The report noted,
<blockquote>“The Cardano marketplace JPG Store had a 13.66% growth in the number of unique active wallets in the last 30 days. Moreover, the NFT marketplace saw a 40% increase in trading volume, reaching $11.2 million.”</blockquote>
This metric shows the number of distinct addresses interacting with decentralized applications (dApps) under a protocol. In turn, this led to the NFT volume crossing $19 million within 30 days of the period. 
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.02.02.png"><img src="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.02.02.png" alt="Cardano NFTs transaction count: DappRadar data" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.02.02.png 624w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.02.02-300x183.png 300w" /></a>Source: DappRadar</div>
<h3>Cardano NFTs: The journey to relevance</h3>
Cardano, known for its scalability and sustainability, entered the NFT space with CardanoKidz being the first collection. Although this collection started in a rookie way, as there was no real utility, it could still sell out using the ADA native token standard. 
Though several projects followed, Cardano has still not been able to flip Ethereum and Solana, the two prominent platforms in the NFT market. 
Ethereum has long been the dominant player in the NFT space. However, its network congestion and high gas fees have caused some users to explore alternative platforms. Solana, on the other hand, has gained attention for its fast and low-cost transactions. 
However, Cardano’s foray into NFTs brings its own unique advantages, such as its focus on sustainability and the promise of interoperability. But it doesn’t just end there as here are three other unique features of Cardano NFTs: 

<ul>
<li>Cardano NFTs can be created without the need for smart contracts.</li>
<li>Since the blockchain is divided into the settlement and computational layers, fees can be very minimal.</li>
<li>Cardano NFTs allow a bunch of transfers of assets with multiple destinations but only one transaction fee.</li>
</ul>
<h3>Today’s worth isn’t yesterday’s value</h3>
However, it remains to be seen if these features can help Cardano NFTs outperform Ethereum and Solana and reshape the NFT landscape. But surely, their entry certainly adds more diversity and competition to the market.
Coincidentally, there seems to have been a change in Cardano’s performance in the space. According to Santiment, the last quarter (Q4) of 2022 was not really an impressive season for the NFTs. And this lasted until mid-March of the new year.
But since that period, interest in Cardano NFTs has been massive. Based on on-chain data, the <a href="https://app.santiment.net/charts/5gxSWeu2__sCl" target="_blank">NFT trade volume</a> reached a Year-To-Date (YTD) high of $16.98 million on 18 March. After another period of highs and lows, it was able to record a monthly high of 8.68 million on 2 May, despite only being in the first week.
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023.png"><img src="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023.png" alt="Cardano NFTs sales volume and unique addresses" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Cardano-ADA-09.32.26-06-May-2023-2048x693.png 2048w" /></a>Source: Santiment</div>
This means that many traders now considered Cardano NFTs as one with potential, even as a lot of unique addresses seemed to have jumped ship. 
<h3>Shares, developments, and prospect for the future</h3>
Meanwhile, Cardano’s development arm Input Output was not taking any chances of losing out on the NFT market share. On 14 April, the group announced the launch of Lace.io, its first native wallet. 
<blockquote>
Lace, the new wallet platform from IOG, aims to redefine the <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Web3</a> experience &amp; make it accessible to everyone.
Explore <a href="https://twitter.com/lace_io?ref_src=twsrc%5Etfw" target="_blank">@lace_io</a>’s pre-launch achievements, its core objectives, features, and journey now that it’s LIVE on mainnet.<a href="https://twitter.com/hashtag/LacePlatform?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#LacePlatform</a> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Cardano</a> <a href="https://t.co/JnezJnudML" target="_blank">https://t.co/JnezJnudML</a>
— Input Output (@InputOutputHK) <a href="https://twitter.com/InputOutputHK/status/1646911444703649794?ref_src=twsrc%5Etfw" target="_blank">April 14, 2023</a></blockquote>
And according to its blog post, the Lace wallet would allow users to send and receive Cardano digital assets. Thus, helping to boost Cardano’s presence in the NFT scene.
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How much are <a href="https://ambcrypto.com/convert/1-ada-to-usd" target="_blank">1,10,100 ADAs worth today</a>?
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Although Cardano has been pushing toward increased adoption, it has not yet matched Ethereum’s hype. But many other collections have emerged including EarthNode, Mocossi Planet, and Clay Nation, among others. Also, JPG Store has been its largest marketplace, accounting for over 99% of the <a href="https://opencnft.io/market-overview" target="_blank">market share</a> in the last 24 hours.
<div><a target="_blank" href="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.56.21.png"><img src="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.56.21.png" alt="Cardano NFTs markeplace share by volume" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.56.21.png 718w, https://statics.ambcrypto.com/wp-content/uploads/2023/05/Screenshot-2023-05-06-at-09.56.21-300x204.png 300w" /></a>Source: OpenCNFT</div>
In conclusion, the rise of Cardano NFTs presents an intriguing prospect for the future of the digital collectibles market. Furthermore, its potential to challenge the dominance of Ethereum and Solana has positioned it as a promising alternative for NFT creators and collectors. 
However, the success of Cardano NFTs in flipping Ethereum and Solana ultimately depends on various factors, including network adoption, developer support, and user demand. 
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