In July 2021, CNFT.IO launched as the first NFT or Cardano-NFT (CNFT) marketplace, replacing Discord-based Escrow Services. The Cardano community flocked to the new marketplace in droves, growing the platform enormously.
Non-Fungible Tokens or NFTs first came to Cardano in March 2021 with Spacebudz and CardanoKidz leading the artistic charge. Unlike other chains, no Smart Contract is needed; the metadata and image credentials are baked into the Cardano Native Asset. There are still Policy IDs and IPFS links, but these remain a little different to many other NFTs.
IOHK, the main development arm for the Cardano project, announced Smart Contract functionality in mid-September and by late autumn several other marketplaces had launched. CNFT.IO added Smart Contracts in December 2021 but kept the traditional listing and purchase methods into early this year.
Based on extensive user feedback, the pioneering marketplace has relaunched with new branding, user interface and additional features to meet community demand.
Ryan, CEO of CNFT.IO, said: “We are extremely proud to present V3 of CNFT.IO – our biggest and most ambitious change to date. We originally launched the platform to rapturous applause just shy of a year ago, before Smart Contracts were even a thing on Cardano, and have gone on to build a community of more than 350,000 users and followers.
He continued: “For the past five months we’ve been busy behind-the-scenes building a brand new and improved marketplace – including a total rebuild of all Smart Contracts, front-end UI and back-end infrastructure. We’re excited to roll out a totally new CNFT.IO experience with some really impressive features that we know our users have been eagerly awaiting.”
About Us: Established in July 2021, CNFT is the first peer-to-peer NFT marketplace on Cardano. CNFT, through its platform, offers to sell and collect digital items with a trading volume of 127 million ADAs. Since launch the marketplace has proven to be reliable, making security the number one priority for its users. Cardano blockchain is more eco-friendly than most other blockchains, with low gas fees and user-friendly navigation making the marketplace more attractive to the community. At its core, CNFT aims to promote talented artists and bring more exciting projects to the Cardano community. Some of the most well-known projects listed on the platform include Pavia, Clay Mates, Space Budz, and Boss Cat Rocket Club to name a few. The platform now has over 175,000 users, more than 90,000 Discord members and a Twitter following in excess of 70,000.For more information, visit www.cnft.io
Release ID: 89075132
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