Cardano has also seen 170% increase in 30-day NFT volume
The Cardano network has set a new milestone as it now holds over six million NFTs. According to data from Pool.PM, the number of NFTs on the Cardano blockchain currently stands at 6,006,497, with 64,611 different mining policies.
In terms of technology, there is not much of a difference between native tokens/assets and NFTs. This is because both are native assets that can be created using the Cardano node cli.
The Cardano blockchain can natively generate, interact with and delete custom tokens (or “assets”). “Native” indicates that users can interact with these custom assets directly out of the box, without employing smart contracts.
An NFT is a single native asset that is immutable and exists on the blockchain forever, as opposed to fungible native assets, which could include millions of interchangeable tokens.
A native asset must also meet other requirements in order to qualify as an NFT, which states that it is “irreplaceable”. Therefore, a token must have unique identifiers or properties that differentiate it from others.
That explained why the number of native tokens or assets on the Cardano network was higher. Pool. pm gives the number of native assets to be 6,741,978.
Cardano sees 30-day NFT volume increase by 170%
According to data from OpenCNFT, the Cardano NFT market saw a 30-day volume of 54,341,905 ADA, representing an increase of 170%.
The number of NFT trades increased likewise, by nearly 86.39%, to 189,502. The number of NFTs sold also jumped 80% to 170,122 in the same period.
