Cardano is one of the largest blockchain networks in the market. Over the last few years, Cardano became a clear alternative to other blockchain networks such as Ethereum. Nowadays, Cardano is chosen to create NFTs due to different reasons.
In this guide, we are going to share with you the top 5 reasons why Cardano NFT projects are special compared to other blockchain networks. We will focus on the Cardano ecosystem and how this project has been attracting creators and developers from all over the world.
What is the Cardano Blockchain?
Let’s start from the beginning. What is Cardano? Cardano is a blockchain network that was released in 20217 with the goal of offering an alternative solution to Ethereum. Cardano, then, became a unique project that is now making it easier for decentralized applications to release their unique solutions, create non fungible tokens, expand their communities through financial solutions and more.
The Cardano Foundation is one of the main pillars that sustain the expansion of blockchain technology using Cardano as the main network. Thanks to the work conducted by the Cardano Foundation, we can now see different projects being released on top of this network.
Other organizations working behind Cardano include Emurgo and IOHK. Emurgo, for example, has a team in charge of different marketing projects.
They are also in charge of the merchandise, planning a roadmap and planning the vision of this project. The technical aspects are managed by the IOHK branch. You can visit IOHK website using the following link.
What Are Cardano NFTs?
But what are Cardano NFTs? As you might already know, NFT projects have been expanding in all the cryptocurrency industry. That means that it is possible to find digital land, a collection of art pieces online, NFTs, artists working on artwork, and collectors that participate in different initiatives and projects.
While we are used to talking about the Ethereum metaverse or the Binance Smart Chain and with NFTs sold on top of these networks, we should also mention that NFTs are also supported by the Cardano blockchain.
This offers users the possibility to get access to NFT marketplaces, wallets, rewards and many other unique projects. There are many benefits of using Cardano rather than other blockchain networks. Let’s see why.
Top 5 Reasons Why Cardano NFT Projects are Special
As mentioned before, creating NFTs on Cardano has many advantages. The future of the blockchain market depends on blockchain networks becoming more efficient for investors and community members to get access to some of the most reliable solutions in the space.
Let’s get into the top 5 reasons why Cardano NFT projects are special compared to other networks.
Cheaper Fees
The process of creating and transacting NFTs involves paying fees. As we know, gas fees on the Ethereum network have become almost impossible to pay for small users. Therefore, readers of this article are definitely searching for new marketplaces to get access to NFTs without paying large fees.
Cardano will let you buy and sell NFTs without being worried about fees. This is possible thanks to its unique blockchain structure that makes transactions fee and very fast.
Fast Transactions
Fees are not the only thing that Cardano does better than Ethereum. There are other projects and on-chain tools that require transactions to be fast.
Hence, using Cardano would give you the peace of mind that you are searching for when you transact using blockchain networks.
Fast transactions are especially useful to play a blockchain-based game or for gaming projects. Developers and content creators would be grateful to send and receive transactions in just seconds.
Growing Community
There is an extremely large Cardano community. Thanks to the expansion of marketplaces, the metaverse, collectors and wallets running on top of Cardano, NFT projects are attracting a larger number of users.
Those users that hold a NFTs are searching for other members to interact with and exchange different Cardano NFTs through a Cardano NFT marketplace.
An NFT collection can be now sold in the market and the community would be more than happy to buy or sell it.
Additionally, thanks to the growth of the Cardano community on Twitter, together they gather enough power to improve the protocol, promote Cardano NFTs and plan the future of this blockchain network.
The future of Cardano NFTs is linked to the community and its capacity to grow and expand.
ADA is One of the Largest Cryptocurrencies
We should also remember that Cardano (ADA) is one of the largest cryptocurrencies in the world. According to data shared by CoinGecko, Cardano is the 8th largest virtual currency in the world. It has a market capitalization at the time of writing of $15 billion and a price per coin of $0.44.
This gives a great possibility for investors that use this network to play around with different Cardano NFTs.
It’s Ethereum’s Main Competitor
Finally, the last of our top 5 reasons why Cardano NFT projects are special is related to the fact that this is Ethereum’s main competitor besides Bitcoin. We know that Bitcoin is the largest cryptocurrency in the world, but it is far from being an alternative to Ethereum’s smart contracts.
This is where Cardano becomes the main competitor to Ethereum. Collectors on the Ethereum blockchain cannot rely on ETH due to the large fees and slow transaction times. This is why investors are moving to Cardano and using a wallet on top of this network to engage with NFT material.
Nowadays, Cardano is offering land NFTs, game NFTs, a unique second collection of art and many other things.
Best Cardano NFT Project
As a growing network, Cardano NFTs are expanding. There are different projects that rely on an NFT marketplace running on top of this network. Some of these Cardano NFT projects include: ArtaCardano Multiverse, Pheonix Arena NFT, Ada Ninjaz and The Cardano Sweet Shop, among others.
In order for an NFT project to become popular needs a whole ecosystem backing it. Depending on the cardano NFT marketplace that you use, you will find different non fungible token projects launching new marketing campaigns and technology.
When analysing projects on the Cardano network, collectors should search for some of the most valuable Cardano NFTs.
This is something that would require them to explore different projects from the moment they launch until they get the attention of users.
Other Projects on Top of Cardano
There is a large number of game NFTs and wallet projects being released on top of Cardano, not only in June, but also during other months.
As a user that searches for the best Cardano NFTs, you should make sure that the NFT project that you have analysed has a responsible team with leading figures in the industry.
Now, if you are searching for Cardano NFT artists, then you can find them on a Cardano marketplace. It depends on which type of project you are searching for, but the variety is large and continues to grow over time.
This is particularly true for those NFT artists that want to launch new art pieces for collectors that already hold a wallet on the Cardano network.
An NFT project that wants to attract investors would have to promote its NFTs through an NFT drop or using a team of experts when it comes to marketing.
Cardano NFT Final Words
In this post, we have talked about Cardano NFT and how this blockchain network is becoming one of the largest in the market when it comes to artists, content and more.
Therefore, if you are planning to buy an NFT on a blockchain network other than Cardano, you should think about other possibilities that are currently being offered by this blockchain network.
