In recent weeks, the cryptocurrency market has been going through a bad patch. But this situation does not seem to worry Charles Hoskinson, the founder of Cardano. Indeed, its ecosystem is booming and the NFTs issued on ADA stand out.
Why is the crypto market situation not worrying the founder of Cardano ADA?
Lately, Charles Hoskinson updated viewers on the major progress made on the part related to the non-fungible token. He pointed out in his post that NFTs are “the most dynamic part of Cardano”.
At the moment, the biggest part of Cardano’s projects are related to NFTs. According to Hoskinson, “It’s just thrilling to see this level of durability, resilience, passion and excitement.” Last week, NFTs were among Cardano’s top projects with the highest engagement. After NFTs, there was JPG Store, The Piggy Banking Barn and Satellite CNFT.
What are the additional innovations planned by Charles Hoskinson?
Charles Hoskinson also gave an update on the various innovations planned in the NFT part of ADA. The Cardano ecosystem plans to implement a domain-specific language soon. It will be a user-friendly program and very easy to learn. Called Marlowe, it will be used to draft and execute financial contracts.
At this time, theCardano team reviews Marlowe for NFTs. Team members want to see if it’s possible to make it a low-code, turnkey solution. They are also checking whether Marlowe can be used to issue NFTs or program the logic for their operation. In addition, Charles Hoskinson pointed out that his team is also working on Atala PRISM.
To conclude, the virtual currency market is going through an unfavorable period. However, the issue does not affect NFT-related projects in the Cardano ecosystem. Charles Hoskinson, its director, asserts that NFTs are currently the most dynamic part of ADA.
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