Cardano City is a blockchain-based crypto project Cardano which offers NFTs (Non-Fungible Tokens) in the form of digital paintings that are randomized using algorithms. These NFTs will be sold in ADA, Cardano’s native token. The team will carry out the sale of Cardano City NFT in fifty rounds.
What is Cardano City?
Cardano City is an ambitious NFT project on the Cardano blockchain. Features artistic imagery set in a futuristic city setting with characters wearing Cardano insignia. Cardano City is based on a story that takes place in a futuristic city with visuals depicting skyscrapers with neon lights, flying cars and advanced technology. The story begins with a girl named Mikka who lives in a high-rise apartment overlooking the city and wears a Cardano armband while working on her computer.
The team behind Cardano City envisioned a story in development and will release new characters and stories once the five pre-order rounds are complete. The plan is to make it an interactive experience where users will be able to virtually live in the city of Cardano, own real estate, customize their living environment and sell their goods on the NFT market.
How many Cardano City NFTs are there?
There are 50.000 NFTs planned that will be released in five pre-sale rounds. The storyline will feature 250 premium paintings with different characters and environments. These will be based on posters of imaginary city scenes and each will be assigned a unique number. The game will also feature 105 rare items related to Cardano.
The rarity of Cardano City NFTs will be based on several tiers:
- Legendary
- Cru
- Ordinary
- super common
- Neutral Stainless – Steel
Legendary and rare items will be the most valuable and neutral items will likely have value if the project is successful.
Does Cardano support NFT?
Cardano’s NFT ecosystem is now growing and is in the early stages, presenting a great investment opportunity for early adopters. Buying NFTs from promising projects like Cardano City or Cardano Village can be the equivalent of buying NFTs Ethereum valuables such as Crypto Punks while they were in the early stages.
Over 90% of all NFT trading volume is generated on Ethereum, but high gas fees drive traders away to low-fee blockchains. Cardano launched the DeFi smart contract feature in September 2021. DeFi exchanges followed and dedicated NFT markets were developed for Cardano.
How much does it cost to mint an NFT in Cardano?
On average, it costs 1-2 ADA in gas fees to mint an NFT and 0,5 ADA to transfer it to a different wallet. A user in possession of Cardano City NFTs can list them in these markets and/or buy them from other owners.
Which Cardano NFT wallet to use?
Cardano wallets can store ADA and NFT assets based on the Cardano blockchain. Cardano wallets employ similar technology because they are all connected to PoS (Proof-of-Stake) nodes on the Cardano network. The main difference is that not all Cardano wallets are supported by DeFi exchanges and NFT markets.
For example, the most popular Cardano wallet is Daedalus, developed by IOHK, the foundation behind Cardano. NFT markets generally do not accept Daedalus and prefer to work with Nami, CCvault, Eternl and Flint wallets that operate as browser extensions.
The difference between these wallets is that they are browser compatible, which makes them suitable for trading on web DApps (decentralized applications). As buying and selling NFT requires connection to a DAPP, the user needs to install a browser compatible wallet to trade. Nami and CCvault are generally the best bet for storing and trading NFTs on Cardano.
The wallets are all interconnected with the Cardano blockchain, which means that the same private keys generated in one wallet will work in another wallet. For example, if a user creates a new wallet on Daedalus and saves his private key, he can load that private key into the Nami web extension and use it to trade NFTs on any Cardano marketplace.
What is the best Cardano NFT market?
Cardano City NFTs, following the pre-sale rounds, will be traded on Cardano’s main marketplaces such as CNFT and JPG Store.
JPG Store: The JPG Store marketplace generates the highest sales volume with 180.000 daily users and millions of ADA traded per day. The JPG Store marketplace stands out for offering a unique “NFT Launchpad” for artists just starting out in NFTs who need help launching their collection.
CNFT Market: The CNFT market is also growing with almost 100.000 active users daily. CNFT has a Cardano NFT calendar for new releases. Both CNFT and JPG Store are similar to OpenSea in design and veteran NFT traders will find it easy to switch to these markets and start listing their first NFTs. The only difference is that they require registration with verification.
These NFT marketplaces allow users to view Cardano NFT collections for sale and support for the same wallets i.e. CCVault and Nami. These wallets can be used in a browser to trade directly on the market and store NFTs from the Cardano City collection.
How to participate in the Cardano City pre-sale?
The Cardano City pre-order round will feature fifty rounds and the price of NFTs will gradually increase with each round. Once the pre-sale phase is complete, the NFTs will be traded exclusively on decentralized NFT marketplaces. To participate in the Cardano City pre-sale round, the user will first have to install a popular Cardano wallet such as CCVault or Nami. The wallet will have a unique Cardano address and the trader will be able to send ADA from an exchange like Phemex to participate in the round. The sales rounds will feature 1.005 NFTs each, which will bring the total to over 50.000 NFTs sold at the end of the pre-sale.
The price of NFTs will gradually increase with each round. For example, the first round will cost 10 ADA ($10) per NFT; the second will cost 15 ADA ($15) per NFT, and so on until the end of the pre-sale. The first step is to book an NFT. The NFT will be blurred and the user needs to confirm that they want to participate in the pre-sale. Users can only book one NFT at a time. A new wallet address is generated for each payment.
The minimum a user can buy is 1 NFT and the maximum they can buy is 10 NFTs per spin. The user only has 10 minutes to send ADA to a wallet before being eligible to claim the NFT. The address expires if the user does not send a transaction to that address. Once the user deposits the ADA at that designated address, he is given a claim link where he can claim his Cardano City NFTs. NFTs belong to them and are eligible for future updates. The team will not automatically update these NFTs, but the owners will have to claim it for themselves.
Bottom Line
Cardano City is one of the largest and most ambitious art projects in the NFT industry as a whole. It was developed by a group of talented graphic designers and artists who wanted to build the ultimate simulation and share it with the Cardano community. This project could set the precedent for new large-scale NFT projects in Cardano.
