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Cardano is a decentralised, blockchain-based solution for security and sustainability issues in transferring and storing digital assets. Input Output Hong Kong (IOHK), which is a blockchain R&D company managed by Charles Hoskinson (a co-founder of Ethereum), has created Cardano.
After realising the high energy consumption of the Proof-of-Work (PoW) model, Cardano focused on decreasing energy consumption and increasing scalability by using a Proof-of-Stake (PoS) consensus mechanism.
Cardano’s multi-layer architecture increases flexibility and efficiency in processing smart contracts by separating the platform's accounting and computation layers.
Also, Cardano values decentralised governance and tries to make it real by providing a treasury system to let community members vote on projects to be funded.
Cardano users can use ADA, Cardano's native cryptocurrency, to pay for transactions and stake it to earn staking rewards.
One of the main goals of Cardano is to be a platform for dApps, smart contracts, and NFTs, and it has been developing in various areas to achieve this aim.
To learn what Cardano does for NFTs, we first need to understand what NFT is and why it’s been gaining popularity recently. If you know what NFT is, the next section can brush up your memory!
NFT is the short form of Non-Fungible Token, which is a unique digital asset that cannot be exchanged for another asset as each NFT can only be owned by one individual.
Cryptocurrencies are fungible, i.e., my one Bitcoin equals your one Bitcoin, but my NFT does not have the same value as your NFT because there’s only one available from each NFT asset.
Since NFTs are unique and non-fungible, they are suitable tools for artists and anyone who wants to represent ownership of their assets, from digital art, music, and videos to any other creative work.
You can buy and sell NFTs like traditional assets, with a big difference that NFTs’ ownership is recorded on a blockchain, so no one can claim to own another person’s NFTs, and it’s easy to verify their authenticity and provenance.
To create NFTs, we need to use smart contracts, which enable the automatic verification and transfer of ownership.
One reason for the increasing popularity of NFTs is that they enable the owners/ creators to monetise their digital assets, which was not possible before this. Because NFTs are unique and they can be sold for high prices to collectors who value their rarity and uniqueness.
Also, we can set certain rules or restrictions for NFTs, like royalties or usage rights, which can result in ongoing revenue generation for the creators/ owners.
So, yes, NFTs are literally great! Now that we know what NFTs are and why they’re favoured by many, let’s see what Cardano NFTs are.
Read More: What Is An NFT?
Cardano NFTs are Non-Fungible Tokens created and/ or traded on the Cardano blockchain, a third-generation blockchain developed to increase security, scalability and sustainability for creating and trading digital assets, including NFTs.
Cardano NFTs include a wide range of assets, such as digital art, collectables, music, videos, and other types of digital content. Similar to other NFTs, Cardano NFTs are verified on the blockchain, meaning that their authenticity and ownership are granted.
Cardano NFTs are created using Cardano’s PoS consensus mechanism, which increases the efficiency and sustainability in creating and trading Cardano NFTs compared to other blockchains.
Additionally, Cardano provides smart contract functionality, letting developers build more complex and customised NFTs. Now, the main question is how to choose the best NFT to buy from among thousands available in the market.
To choose the best NFT to buy, remember that not everything is good for everybody, so you need to scrutinise your interests, goals, and budget and weigh your options before making the final decision.
In addition, the following factors help you evaluate NFTs and choose the most suitable ones.
Now that you know the general rules of finding the best NFT to buy and have learned that Cardano is a promising platform for NFTs let’s see how we can find the best upcoming Cardano NFT projects in 2023.
Taking the steps below and the ones provided in the previous section, you can find the best upcoming Cardano NFT projects.
To ease you in the process and save countless hours surfing the net looking for Cardano NFT projects, we’ve provided a list of the top 10 Cardano NFT projects in the following section.
The following are the top 10 Cardano NFT projects based on trade volume but remember to DYOR (do your own research) before investing in any of them.
SpaceBudz is a collection of 10,000 unique NFT characters that live on the Cardano blockchain. Each SpaceBudz NFT is unique and can be used in various gaming experiences.
SpaceBudz’s daily volume is about 500 ADA, with a total volume of over 16M ADA and a floor price of 3500 ADA. Currently, there are over 2700 NFT owners on the Cardano platform.
Clay Nation is a collection of 10,000 NFTs on the Cardano chain, with a daily trade volume of about 1500 ADA and a total volume of about 13M ADA, with a floor price of about 950 ADA.
Currently, Clay Nation has over 3700 NFT owners on the Cardano blockchain.
Pavia is a decentralised gaming NFT project on Cardano, with over 7000 land owners on Pavia.io. Pavia’s total assets include 100,000 land parcels, with over 8000 NFT owners.
Pavia has a daily trade volume of about 900 ADA, a total volume of over 9M ADA, with a floor price of about 250 ADA.
A collection of creatures, cards and artwork as NFTs, Yummy Universe has over 20K assets, with about 5000 NFT owners.
Its total trading volume is over 4M ADA, with a daily volume of about 400 ADA and a floor price of about 150 ADA.
Deadpxlz is a collection of 10,000 NFT code-generated by Adrian Fanatiu, and PXLZ is the first interactive NFT collectables minted on the Cardano blockchain.
With a total trading volume of about 3M ADA, Deadpxlz’s NFTs are owned by over 1500 individuals. The daily volume and floor price are about 800 and 700 ADA, respectively.
Zombie Chains is a collection of 10K unique NFTs owned by over 2000 individuals. This collection’s total trading volume is about 3M ADA, with a daily volume of 250 ADA and a floor price of about 150 ADA coins.
‘Unassigned algorithms’ is a collection of over 31K unique algorithmically-generated NFTs owned by over 1400 individuals. Its total trading volume amounts to 2.5M ADA, with a daily volume of 500 ADA and a floor price of around 400 ADA.
Baby Alien Club (BAC) is a 2-series CNFT (Cardano NFT) collection comprising about 10K NFTs in the first series. Over 4500 owners hold these NFTs, which have a total trading volume of over 2M ADA.
The collection’s daily trade volume and floor price are about 180 and 20 ADA coins.
CryptoDino is a collection of 10K original dinosaur NFTs owned by over 3000 collectors. Total assets in this collection include 20K (10K CryptoDino and 10K DinoSaviors) NFTs, with a total trading volume of about 2M ADA.
Chilled Kongs is a collection of 8888 unique NFT assets bought by about 2 million collectors. With a daily trading volume of over 90K ADA, Chilled Kongs has a floor price of about 400 ADA.
The above NFTs are the top 10 Cardano NFT projects by trading volume. In the following section, we’ll introduce the newest Cardano NFT projects.
Here are the steps you can follow to buy Cardano for NFTs:
Remember to buy NFTs from reputable marketplaces and double-check the wallet address and transaction details before confirming the purchase to avoid any loss.
Speaking of reputable marketplaces, we’ve provided a list of the best Cardano NFT marketplaces in the following section.
Cardano is one of the most favoured crypto projects for the features it has and the services it offers regarding DeFi and NFTs. Recently, many NT projects have preferred Cardano and its marketplace to its competitors.
While there are many promising Cardano NFT projects to choose from, this article tried to introduce some of the best ones, with unique and high-quality NFTs.
Choosing among them needs analysis and precision in addition to weighing your options and setting goals wisely and realistically. Also, Cryptologist is your all-in-one guide to finding the best crypto investment options ASAP.
Here are the most frequently asked questions about Cardano NFT projects and their answers for those who still have questions about Cardano NFTs.
Cardano NFT projects are Non-Fungible Token projects created on top of the Cardano blockchain. Using the Cardano blockchain, these projects build a secure and decentralised platform to create and exchange NFTs.
Some of the best Cardano NFT projects to buy in 2023 include SpaceBudz, Clay Nation, CardanoBits, CryptoDino, and Cardano Heroes, which are unique and high-quality NFTs appealing to collectors and investors.
To buy Cardano NFTs, users need a wallet that supports Cardano and enough money to buy some ADA, the native cryptocurrency of Cardano. Once you have these, you can buy NFTs from a Cardano NFT marketplace.
Cardano NFTs are built on the Cardano blockchain, which offers more security and scalability. Also, Cardano uses a PoS consensus mechanism, making it more energy-efficient.
It’s no secret that investing in crypto involves risks, no matter what project it is. However, experts believe Cardano is a promising project and a secure platform for NFTs. Learn more about Cardano (ADA).