Friday, November 15, 2024
HomeAltcoinsCardano-based NFT sold for 135,000 ADA: Read further to know the reason

Cardano-based NFT sold for 135,000 ADA: Read further to know the reason

Charles Hoskinson, the founder of the IOHK and the Cardano ecosystem, shared with the Cardano community one of the largest transactions made on the network, with an anonymous NFT trader spending 135,000 ADA on a ChilledKong8885 piece.

According to the tweet, the ChilledKong piece has an exceedingly rare characteristic: an Android Body, which every person has a 0.8 percent chance of getting. They sold the artwork on the Cardano NFT marketplace jpg.store.

Right after the post went public, the CEO of the jpgstore contacted Hoskinson and asked for a discussion, promising to explain what the platform offers for the Cardano NFT space and what’s next.

Cardano is the industry’s youngest participant, with just a few collections minting in the ecosystem. One of them is ChilledKongs. Cardano has just recently released its own smart contract technology, which has fueled a massive bull run in the underlying coin, ADA.

Apart from the appearance of a number of NFT collections, the Cardano ecosystem saw the rapid expansion of DeFi projects such as SundaeSwap, MinSwap, and Windscribers, which recently acquired approximately 8,000 percent in TVL.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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