Cardano founder says NFTs are the ‘most vibrant part’ of the ADA ecosystem
Despite the cryptocurrency market going through a bit of a rough patch in recent weeks, Cardano (ADA) founder Charles Hoskinson remains bullish on the progress of his ecosystem, where non-fungible tokens (NFTs) issued on the Cardano stand most out.
In fact, Hoskinson informed viewers about the progress on the NFT-related part of the Cardano network, highlighting that NFTs were “the most vibrant part of Cardano at the moment,” as he said in a podcast with Input Output Global (IOG) president Tamara Haasen streamed on March 6.
According to the Cardano founder:
“The thing about NFTs in Cardano is that it’s the most vibrant part of Cardano at the moment. It’s the fastest moving – 8 million assets have been issued. I think more than half of the projects are somehow NFT-related, and it’s just exciting to see that level of durability, resilience, passion and excitement.”
In fact, NFTs were among the top Cardano projects with the highest engagement last week, with Satellite CNFT, The Piggy Banking Barn and JPG Store finding their place among the likes of artificial intelligence (AI) marketplace SingularityNET (AGIX), crypto wallet Eternl , and decentralized exchange Minswap Labs.
Further innovation
On top of that, Hoskinson gave an update on the planned innovations in the NFT part of the Cardano ecosystem, which includes the implementation of the user-friendly and easy-to-learn domain-specific language (DSL) for writing and executing financial contracts called Marlowe.
As he explained, the Cardano team investigated Marlowe for NFTs, “to see if we can make it a turnkey low-code solution with no code to issue NFTs or at least program out the logic of how NFTs work,” as binding intellectual property and NFTs were “near and dear” to him.
Furthermore, he added that the team working on Atala PRISM, an identity and credential solution built on the Cardano blockchain, helped in this endeavor and that “we’ve already looked at setting identity with NFTs, so that was the verified The NFT standard that the PRISM team has been talking about.”
Elsewhere, the IOG team recently published a detailed list of the latest development updates on the Cardano platform, such as the finalization of benchmarking runs and analyzes for the new SECP primitives and the upcoming node v.1.35.6 release, which improves Plutus- debugger, and define the Marlowe Runtime scaling strategy.
Featured image via C.Hoskinson YouTube
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