Hoskinson notes more than 50% Cardano ecosystem is part of NFTs


Cardano founder said that NFTs are the most important part of the Cardano blockchain ecosystem despite several turbulence in the crypto space & downfall in the NFTs popularity.

Cardano is a popular Proof-of-stake (PoS) model-based scalable blockchain network. Charles Hoskinson is the founder of the Cardano project & CEO of the Cardano engineering team Input Output Hong Kong Global (IOG). Cardano is a fully commercial use case focussed blockchain network & Hoskinson launched Cardano in 2017 as a rival of the Ethereum blockchain. Hoskinson was one of the early contributors to the Ethereum blockchain.

On 6 March 2023, Charles Hoskinson appeared in a new AMA session on his personal YouTube channel with IOG President Tamara Haasan.

Hoskinson noted that 8 million assets have been issued on the Cardano blockchain network and also pointed out that more than half of the projects in the Cardano ecosystem are related to the Non-fungible-tokens (NFTs).

“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,” Hoskinson said.

Further Cardano founder shared the update about the newly planned development works related to NFTs as the art of the Cardano’ NFTs ecosystem innovations. Under the new NFTs focussed innovation plans IOG is implementing the user-friendly and easy-to-learn domain-specific language (DSL) for writing and executing decentralised financial contracts called Marlowe.

Ada price

Ada is the native coin of the Cardano Blockchain network. The current trade price of ADA coin is $0.3268 & this trade price is 2.34% down over the last 24 hours trade price.

Hoskinson notes more than 50% Cardano ecosystem is part of NFTs 1

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