Author: Adaverse

As the popularity of Cardano NFTs rises, how can one acquire a CNFT?

Recently, with the spread of pessimism in the entire cryptocurrency market, the NFT sector has also begun to face challenges, especially as ETH has been sluggish in the secondary market, leaving many NFT users holding "small images" feeling the double shrinkage of their assets.

At the same time, from a macro perspective, Cardano has achieved a counter-trend leap in the NFT sector --- --- In October, Cardano's NFT trading volume reached $19 million, second only to Ethereum and Solana, becoming the third-largest NFT network.

In terms of overall ranking, Cardano has shown significant growth in activity since the major Vasil upgrade in September --- --- CryptoSlam's latest data indicates that the average daily trading volume of NFTs on the Cardano network has been around $250,000 recently.

Although it is still far from Ethereum ($18 million) and Solana ($2.1 million), the momentum is rapid, making it a newcomer among competitive public chains.

Meanwhile, looking at the total volume, the top NFT series on Cardano have all accumulated over $20 million in trading volume, providing a solid foundation for nurturing quality IP and hit projects.

So, is Cardano NFT worth paying attention to? Which NFT series are currently performing well?

Is Cardano NFT Worth Paying Attention To?

NFTs inherently possess community attributes and atmospheric characteristics, rather than being merely simple copies or randomly assembled JPG images.

For any NFT project, the most important aspect is its own brand awareness and the community consensus it builds, especially the sense of atmosphere within it, which is the so-called new "Maslow's hierarchy of needs" in the Web3 space:

needs --- --- wants --- --- vibes

People gather in groups, just like the Bored Ape NFT, which has attracted traditional capital and big names like Li Ning, Zhu Xiaohu, and Lin Jiapeng, representing a certain vibe.

From the perspective of the NFT trading market, the users on the platform itself hold various NFTs, each corresponding to different vibes and communities.

Therefore, examining the current trend of NFT growth on the Cardano network reveals some positive factors worth looking forward to, with the interaction between the Clay Nation series of NFT works and the famous American singer "Snoop Dogg" being the most typical example:

As a clay animation art and culture project acquired by Snoop Dogg and built on Cardano, the Clay Nation series of NFTs has gained increasing attention following the release of related music videos produced by Snoop Dogg and his son Champ Medici.

As of the time of writing, the total trading volume of this NFT collection has exceeded 31 million ADA (approximately $9.5 million), ranking fifth among all NFT series on Cardano.

Clay Nation is gradually exploring the establishment of its own vibes by leveraging celebrity effects. To become a top IP in the NFT world, it generally requires time and market testing (as seen with established projects like Cryptopunks), and thus top IPs are few and far between.

This is something that those shoddy NFT project teams cannot achieve, even if they wholesale a large number of images. Many public chains outside of Ethereum often try to win in the NFT field by quantity, but in fact, meticulous brand cultivation is more crucial.

Overall, a group of NFT projects on Cardano, represented by Clay Nation, is exploring paths for "how to escape the NFT development trap" --- --- by leveraging celebrity effects or traffic strategies to let more users know and understand the corresponding brands, gradually forming a strong community and open culture, and then establishing IPs with significant commercial value through long-term meticulous cultivation.

We can also look at other popular and noteworthy NFT series on Cardano besides Clay Nation:

• Chilled Kongs: One of which was sold for 8,888 ADA (approximately $2,700);
• Pavia: The first metaverse NFT project based on Cardano;
• Spacebudz: Once set the record for the first transaction reaching $1 million;

What NFT tools are available on the Cardano network?

For an emerging NFT network, how to help users better discover trading opportunities in the NFT market and provide better service tools becomes the key to whether this public chain can sustain its long-term presence in the NFT sector.

NFT Trading Market JPG.STORE

Starting with OpenSea, which enjoys the highest valuation in the NFT sector, the "NFT trading market" has become a highly sought-after product in the market, with LooksRare, X2Y2, and others taking turns, while JPG.STORE is currently the largest NFT trading market on the Cardano network.

The user interface of JPG.STORE is similar to that of OpenSea and LooksRare, so there are no special cognitive or usage barriers, and the navigation interface is very simple:

• Supports most Cardano wallets;
• Offers a variety of NFT collectible series;
• Transaction fee is 2%;
• Includes minting tools;
• Ranks NFT collectible series;
• Creator royalties;
• No custody (no third party temporarily holds funds during transactions);

Through JPG.STORE, users can discover upcoming NFT airdrops and buy and sell their favorite NFTs.

NFT Data Analysis Tool CNFT Jungle

CNFT Jungle is an NFT market analysis tool for the Cardano network, used to search for NFT series on Cardano, track the NFT market, simplify information retrieval for NFT projects, and also supports custom creation services such as bots and NFT minting functions.

For the vast majority of ordinary users participating in the NFT market, being able to track and analyze on-chain movements, and leveraging CNFT Jungle to uncover hidden information on the chain, is enough for many users to detect clues and make early layouts.

How to Buy and Sell NFTs on Cardano?

Entering the practical phase, how can an ordinary user buy and sell NFTs on Cardano?

The first step is undoubtedly to have a Cardano wallet. Currently, there are many wallets that can be used to store ADA, and it is recommended to use Nami and Eternl wallets.

This article will take Nami as an example to briefly explain how to set up a Nami extension wallet and create the corresponding account:

1. Download the Nami extension wallet

2. Click on the downloaded Nami extension wallet

3. Click to create a new account

4. Store the mnemonic phrase (private key)

5. Confirm the correct mnemonic phrase (private key)

6. Enter "Account Name" and "Password" to create the account

The entire process is actually similar to the operational logic of MetaMask for Ethereum. Once the wallet is set up, we just need to deposit some ADA to engage in NFT trading, buying and selling NFTs that we like or consider to have investment value.

NFTs inherently possess community attributes and atmospheric characteristics, so enriching the forms and values of communities and brands is essential for the long-term development of projects. This is also a development blind spot for many NFT projects that aim to grow stronger, so for many aspiring NFT project teams, the newly emerging Cardano NFT sector may well be a blue ocean.

Among them, as a global incubation investment fund jointly launched by EMURGO and Everest Ventures Group, Adaverse, backed by the official Cardano team, has already incubated dozens of quality projects across multiple sectors, forming an initial scale of the Cardano ecological matrix.

Therefore, whether it is the long-term IP cultivation of NFT projects or the interconnection of DApps in other sectors like DeFi, there are unique advantages --- --- in the Cardano ecosystem, "with strong roots and healthy shoots," it can integrate multiple resources to form a supportive force for the development of any project.