Cardano is one of the most popular cryptocurrencies that moved to smart contracts last year. This opens the way to the growth markets for DeFi and NFTs, Cardano. Cardano’s most widely used NFT platform currently is jpg.store.
The Cardano NFT market is still very small compared to Ethereum NFTs at the moment, but it has huge growth potential. jpg.store offers similar functionality to the NFT platforms of leading NFT networks such as Ethereum and Solana. We present to you jpg.store.
What is Cardano?
Cardano is a blockchain network that uses the Proof-of-Stake consensus mechanism and offers one of the most efficient and modern networks. Cardano Blockchain features a combination of decentralization, security, and scalability.
Behind Cardano is the Cardano Foundation, which is developing blockchain according to scientific standards. With its evidence-based approach and long-term development plan, Cardano is likely to be the most modern and smart blockchain on the market.
Cardano introduced smart contract features last year. As a result, the Cardano blockchain can be the basis for decentralized applications. Cardano can also be active in the NFT market and in the DeFi region.
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What are NFTs?
NFTs are an acronym for Non-Fungible Tokens. These are non-fungible and non-repeatable digital goods based on the blockchain. Unlike redeemable tokens, they cannot be copied and reproduced. These are numeric values with a unique digital signature.
Due to its uniqueness, NFT can achieve high prices when trading and selling. Digital artwork in the form of NFTs has often reached high six-figure prices in recent years. Most NFTs are based on the Ethereum Blockchain. However, there are also NFTs based on the Solana or Cardano blockchain.
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What is jpg.store?
Jpg.store is the most popular marketplace for NFTs based on the Cardano blockchain at the moment. Unlike NFT markets based on Ethereum or Solana, Cardano markets are still quite rare and rather small.
Jpg.store is the most popular marketplace for NFTs based on the Cardano blockchain at the moment. The platform provides a simple and clear marketplace for Cardano NFTs. The NFTs for sale are at the top of the Collections page. A click on the NFTs will show the user the properties of the NFT.
The platform takes 2% transaction fee. This fee is on the account of the relevant NFT seller.
What is the jpg.store launch pad?
Jpg.store has a launcher where projects of upcoming NFT artists are published. The site takes care of launching projects so that artists can better focus on their art. Launchpad offers:
- Guaranteed listing on jpg.store
- help in minting
- Help avoid scams
What makes jpg.store so popular?
jpg.store now has the largest market share of all Cardano NFT platforms. This is mainly due to the fact that the platform actively deals with artists, while on other platforms, artists have to contact the platform on their own initiative.
In addition to jpg.store, CNFT.io is the second largest player among the Cardano NFT exchanges. Behind the two big guys in the market are several smaller platforms that also offer Cardano NFTs.
Many large collections of Cardano NFTs are now primarily available on jpg.store, which drives many Cardano users to the platform. Another advantage is that jpg.store takes royalties, which makes the platform popular with the creators of NFT. These keep sending more and more users to the platform.
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