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Cardano: Catalyst gets dReps – Clay Nation celebrates success

 


Cardano NFTs have been growing in popularity for quite a while, which may also be due to the fact that the market for them is still relatively young. This arouses greed among many speculators, who sense the chance to be among the first owners of a collection that may later experience an increase in value, as is known from the success stories of BAYC and others.


The Clay Nation NFT project, which is based on plasticine figures, recently got off to a good start, not least because it attracted prominent support. It had been clear since the end of March that Snoop Dogg would be part of it, and the day before yesterday owners of an NFT could try their luck to acquire a digital property. Through the so-called "Baked Mint" it was also possible to get hold of a property without one of the 10,000 NFTs.



In addition to animations with plasticine figures, owners of digital lots and collectibles will enjoy other benefits, which may include access to exclusive musical performances.

The Catalyst project aims to further democratize and decentralize the allocation process of funds. Catalyst allows community members, among other things, to decide on grants that are intended to fund proposals and projects that seem particularly suitable to advance the development of Cardano.


The dReps should make it possible for people to make themselves heard passively by delegating their voice to one or more representatives. Accordingly, this support in turn affects the voting weight of the respective representative, who then votes on individual proposals.


The new system is expected to improve the entire voting process and thus the experimental on-chain governance of the project.

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