NFTs have been live on the Cardano network for some time. Before the power of smart contracts on the network began, users were able to mint and sell NFTs without the need for smart contract addresses. This has been one of the pulls per network and users have taken full advantage of this capability to trade their NFT in blockchain.
However, compared to the leading NFT blockchain Etherium, Cardano NFT sales volume is lower. While the Ethereum Network has seen NFTs sell for more than .3 69.3 million in the wake of the crisis, Cardano has yet to see his first million dollar sales. This is mostly due to the NFT capabilities of the network after Ethereum and less interest from buyers.
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SpaceBudz sold the first million dollar NFT
The NFT market in Cardano has grown since the introduction of smart contract power in blockchain. Although these smart contracts are not required to dig up NFTs, they bring more users to the network, which in turn, leads to more interest in platform-built NFTs. Various artists have released and sold their NFT on the blockchain, and now, Spacebodies has successfully recorded the first Cardano NFT sales above 1 million.
ADA price trading at $2.11 | Source: ADAUSD on TradingView.com
SpaceBudz is an NFT platform built on the Cardano blockchain. Spacebudge has 10,000 unique NFTs that users can personally own after purchasing it. The project broadcasts its sales on Twitter through a Bot That is a listing and sales report of a SpaceBudz NFT.
On Tuesday, the SpaceBudzBot account reported that SpaceBud # 9936 sold for 510,000 ADA. At the time of writing, the current price of ADA is $ 2.11, NFT has sold $ 1,076,100. A record sale on the Cardano network.
– SpaceBudzBot (acespacebudzbot) October 12, 2021
Cardano celebrates Ada Loveless
Cardano’s native token has been named after the first programmers on the ADA record. Ada Loveless is one of the pioneers of software programming since she first used a computer in the 1940s. Members of the community refer to themselves as Loveless, an analogy to mathematicians.
IOHK has joined the scientific community in celebrating Ada Loveless Day, commemorating the contributions and achievements of women in the field of STEM.
Today is Ada Loveless Day – a celebration of one of the foremost technology pioneers and programmers!
It is an international celebration of women’s achievement in science, technology, engineering and mathematics, to increase the profile of women in STEM. # Cardano https://t.co/bp1X6rC79z pic.twitter.com/tCgcvaoZHZ
– Input Output (nInputOutputHK) October 12, 2021
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The Cardano Foundation continues to make significant contributions to innovation and growth in the science and technology sector, and founder Charles Hoskinson will travel to the African continent as the Foundation invests in startup building in blockchain in the region. The Africa tour is scheduled to begin in South Africa but the departure time has not yet been announced.
Featured image from The Cryptonomist, chart from TradingView.com