The Best Cardano NFT Marketplace (2022)
It’s been years since the prices hit this low. However, users interested in joining the cryptocurrency industry now have a bright side. It’s a given that once the market recovers from this crash, investors will reap the rewards of crypto once again.
Hence, this is a good time for new investors to find good investment opportunities. Although NFTs continue to prosper on Ethereum and Solana, it may be time to look at other suitable candidates.
If you are looking for an investment opportunity in the Cardano blockchain, the best Cardano NFT marketplace to date is JPG Store.
Let’s first learn a bit about Cardano!
The Cardano blockchain is a decentralized platform that supports ADA cryptocurrency. According to several users, it is ranked fourth in the NFT industry behind Ethereum, BSC, and Solana.
Comparatively speaking, decentralized blockchains are a more secure and trustworthy platform for trades and exchanges. Rather than being controlled by single entities, these blockchains are regulated and protected by a network of “checkpoints.”
Charles Hoskinson cemented his name in 2015 by co-founding Ethereum, the biggest crypto-project, and going on to establish his own blockchain, Cardano. Cardano follows a peer-reviewing protocol called Ouroboros.
This crypto-network allows users to create smart contracts (self-executing contracts) and develop decentralized apps (dApps). Unlike several of its competitors, this blockchain uses Proof-of-Stake rather than Proof-of-Work to keep its value.
Confusing, right? Let me help!
What is the difference between Proof-of-Stake and Proof-of-Work?
The two protocols are used to verify crypto assets on any blockchain. The PoW algorithm is used by most blockchains like Ethereum, while others use the PoS algorithm.
In the former protocol, users must verify their authenticity by investing time and effort to validate their property. Once this has been accomplished, they can add their block to the blockchain.
In PoS, miners or creators must stake their own coins to be authorized to place a block. Though the initial investment might be upsetting to some creators, this method is much better for the environment.
Does Cardano have an NFT marketplace?
Well, I wouldn’t be writing this article if it didn’t.
All snappy remarks aside, Cardano has quite a couple of NFT marketplaces. JPG store may be the best Cardano NFT marketplace for the reasons listed below, but several others aim to dethrone the king.
For example, the team behind CNFT.io can confidently say they were the first to bring ADA NFTs to light. Albeit, the journey is long for the platform to become the best Cardano NFT marketplace.
Then we have Galaxy of Art, marketed as the largest ADA marketplace. Although it may crown itself this title, it lacks the extensive user base of JPG Store.
What is the most reliable NFT marketplace?
If Cardano has NFTs and cryptocurrencies for trading, it has to have a marketplace. Several online platforms support the minting of $ADA and Cardano NFTs, but only one stands out.
As of right now, the best Cardano NFT marketplace is, without a doubt, JPG Store.
With over 180k unique wallets, over $100 million in trading volume, and an astonishing 97% of the market share for Cardano NFT marketplaces, this digital store is proven to have a massive fanbase and loyal customers.
JPG store currently supports three wallets, including Flint, Nami, and CCVault. It has an attractive yet user-friendly interface that makes NFT purchasing easy and fun. The system operates via smart contracts and features a 2% service fee for every transaction.
Similarly to CNFT, the most attractive feature of the JPG Store is its Launchpad. Launchpad applications can be submitted via the website. Benefits of launching on JPG include mentorship & community support, free marketing, verification, etc.
In a short timeframe, JPG quickly gained popularity and became a favourite among many Cardano followers. So if you want to try your hand at Cardano NFTs, and you only want the best Cardano NFT marketplace, JPG Store should be your go-to.
What are the most popular Cardano NFTs?
Say you’ve already checked out JPG Store and are content with the platform. Great! You may now be asking yourself: where do I start?
As we’ve pointed out on this website before, when it comes to NFTs, it’s always best to invest in the most stable (and popular) collections out of any blockchain. For instance, BAYC, MAYC, Doodles, Azuki, and Neo Tokyo are established Ethereum NFT collections led by competent teams. They’ve withstood the test of time, especially during the brutal bear markets frequent in the NFT universe.
At the moment, the most popular Cardano NFTs are:
- ADA Handle
- Chilled Kongs
- Aqua Farmers
- Cornucopias Land Sale (Zones 1-3)
- Book Token Classics (Monster NFTs)
So I suggest you look at these collections before putting your money into lesser-known Cardano NFTs. Trust me; you don’t want to lose your money on a whim.
As more and more people are turning to the world of crypto and NFTs, the industry is saturated with a wide variety of marketplaces. While there are good options present, it’s best to go for JPG Store, the blockchain’s most popular and best Cardano NFT marketplace.
If you settle for any other brand, it’s essential to check its source and reputation before purchasing any asset.
Remember, the more popular the brand, the larger the audience. This would entail that the platform has regular traffic and transactions, which would eventually help your NFT’s market value.
Once all precautions are taken, it’s time to purchase crypto assets. Let’s get minting!