Cardano (ADA): Another inexpensive marketplace!

The NFT market is certainly down, but not to the point of sinking permanently. Despite the crisis, we see more and more innovations emerging from the sector, both in terms of platforms and concepts. The latest concerns the type blockchain Proof-of-Stake Cardano. Zoom !

Cardano releases Wafini

On Tweeter, Cardano Feed announced the launch of its marketplace NFT, Wafini. Powered by DAO, this platform will therefore join the big leagues alongside Rarible, OpenSea, SuperRare and Coinbase.

Highly confident in their approach, the Cardano team expects to lift Wafini to the top spot in no time. She estimates that within 3 months, this marketplace will accumulate more than 1 million ADA.

[Wafini va] to be the first marketplace on Cardano where users can securely trade NFTs, using the Cardano blockchain’s low fees “, we had specified on the blog from Cardano.

This is perhaps the reason for the early organization of the presale of its whitelist for the first buyers.

In addition, Cardano highlighted some challenges of the Wafini marketplace, namely:

  • improving the speed and throughput of the Cardano network;
  • listing on several decentralized exchanges (DEX);
  • the exploitation of several elements in the hard fork Vasil;
  • the exit of the white list WFI marketplace tokens following a private round table;
  • etc

If there’s another takeaway about Wafini, it’s arguably its decentralized and community-oriented Web3 feature for collectibles. On occasion, users will easily be able to mintsales and exchanges of NFT.

Genesis VIP NFTs

This is a strategy adopted by Coinbase to boost the DAO that will support Wafini. These NFT Genesis VIP will be accessible especially for the first comers marketplace.

It should be noted that the members of the DAO of Wafini will be entitled to several privileges, to mention only the participation in each decision of governance of the marketplace. On occasion, their vote will matter a great deal in defining market fees or even royalty commissions.

Other advantages to mention:

  • the possibility of immediate verification of a collection;
  • earning rewards from Wafini’s self-sustaining cash pool, with progressively a portion of transaction fees generated on the marketplace.

As we are approaching the private sale of Wafini scheduled for the 1er October, ADA holders are invited to stay on the lookout for announcements concerning it. Make sure you have at least 500 ADA in your wallet before participating in this famous sale. This is the only condition imposed on those who intend to join the white list.

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