Despite the cryptocurrency market going through a bit of a rough patch in recent weeks, the founder of Cardano (ADA), Charles Hoskinson, remains positive due to the progress of his ecosystem, in which non-fungible tokens (NFTs) issued on Cardano stand out the most.
Indeed, 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 it is 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 the projects are in some way NFT-related, and it’s just exciting to see that level of durability, resilience, passion, and excitement.”
Indeed, NFTs were among the top Cardano projects with the highest engagement in the previous week, with the Satellite CNFT, The Piggy Banking Barn, and JPG Store finding their place among the likes of the 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 include implementing 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 was looking into Marlowe for NFTs, “to see if we can make it a turnkey low-code, no-code solution to issue NFTs or at least program out the logic of how NFTs work,” as binding intellectual property and NFTs was “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, was assisting on this endeavor, and that “we’ve already looked at putting identity with NFTs, so that was the verified NFT standard that the PRISM team has talked about.”
Elsewhere, the IOG team recently published a detailed list of the latest developmental updates on the Cardano platform, such as the finalization of benchmarking runs and analyses for the new SECP primitives and the upcoming node v.1.35.6 release, enhancing the Plutus debugger, and defining the Marlowe Runtime scaling strategy.
Featured image via C.Hoskinson YouTube
Watch the entire video below:
Source: https://finbold.com/cardano-founder-says-nfts-are-the-most-vibrant-part-of-ada-ecosystem/