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An introduction to the Cardano NFT marketplace

 


What is Cardano?

Cardano is a blockchain network that uses the Proof-of-Stake consensus mechanism and offers one of the most efficient and modern networks. The Cardano Blockchain is characterized by a combination of decentralization, security and scalability. 

Behind Cardano is the Cardano Foundation, which further develops the blockchain according to scientific standards. With its evidence-based approach and long-term development plan, Cardano is probably the most modern and tech-savvy blockchain on the market. 


Cardano introduced smart contract features last year. As a result, the Cardano blockchain can be the basis for decentralized applications. Cardano can also be active on the NFT market and in the DeFi area. 

What are NFTs?

NFTs is short for Non-Fungible Tokens. These are non-replaceable and non-reproducible digital goods based on the blockchain. Unlike the fungible tokens, they cannot be copied and reproduced. These are digital values ​​with a unique digital signature.

Due to their uniqueness, NFTs can achieve high prices when trading and selling. Especially digital works of art in the form of NFTs have often reached high six-digit prices in recent years. Most NFTs are based on the Ethereum Blockchain. However, there are also NFTs based on the Solana or Cardano blockchain. 

What is jpg.store?

Jpg.store is the most popular marketplace for NFTs based on the Cardano blockchain at the moment. Unlike NFT marketplaces based on Ethereum or Solana, Cardano marketplaces are still quite rare and rather small. 


Jpg.store is the most popular marketplace for NFTs based on the Cardano blockchain at the moment. The platform offers a minimalist and clear marketplace for Cardano NFTs. The NFTs that are for sale are at the top of the collections page. A click on the NFTs shows the user the properties of the NFT.


The platform takes a 2% transaction fee. This fee is at the expense of the seller of the relevant NFT.


What is the jpg.store launchpad?

Jpg.store has a launchpad where projects from upcoming NFT artists are published. The site takes care of the launch of the projects so that artists can better concentrate on their art. The Launchpad offers:

jpg.store now has the largest market share of all Cardano NFT platforms. This is mainly due to the fact that the platform actively approaches the artists, while on other platforms the artists have to contact the platform on their own initiative. 


In addition to the jpg.store, CNFT.io is the second major player among the Cardano NFT exchanges. Behind the two big market leaders are many smaller platforms that also offer NFTs from Cardano. 


Jpg store share

Many large collections of Cardano NFTs are now primarily available on the jpg.store, which drives many Cardano users to the platform. Another advantage is that jpg.store takes royalties, which makes the platform popular with creators of NFTs. These continue to send more and more users to the platform. 

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