Advertisement
AD

Main navigation

Cardano's Biggest NFT Project Sets Monumental Milestone, Here It Is

Advertisement
Fri, 21/10/2022 - 14:56
Cardano's Biggest NFT Project Sets Monumental Milestone, Here It Is
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Cardano NFT projects continue to gain traction. The Ape Society, Cardano's biggest NFT project in terms of collection share by 24-hour volume, has reached a 10,000 ADA floor price. This sets a record for the Ape Society and Cardano NFTs — a major collection breaking the 10,000 ADA barrier for the first time.

Advertisement

The 10,000 ADA floor price refers to the price for the cheapest NFT within the collection. For more expensive collections, the price might be up to tens of thousands of ADA. For example, King Ford Edward's NFT from the Ape Society was sold for 180,000 ADA. Another NFT, Maitland Lavigne, was sold for 47,000 ADA on the Cardano NFT marketplace, JPG store.

According to OpenCNFT data, the Ape Society ranks as the biggest NFT project in terms of collection share by 24-hour volume with 15%, followed by Lunatics-Quackhead (11.77%) and Clay Nation by Clay Mates, accounting for 4.06%.

Advertisement

Related

NFT collections are denominated in ADA, meaning they are not only subject to the volatility of the floor price itself but also the fluctuation of the ADA price against the U.S. dollar.

As reported by U.Today, Cardano reported a 280% increase in its NFT volume within seven days. From Oct. 10, when ADA NFT volumes were barely 811,000, to Oct. 17, when ADA NFT volumes reached 3.0 million ADA, this marked a 280% increase. Cardano subsequently entered the top three NFT chains, flipping Immutable X for the fourth spot.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD