NFT Ecosystem CDN Goes Live On Cardano

Blockonomi

NFTCDN.io, a Cardano-based NFT content delivery service, announced its debut on the Cardano blockchain.

The statement was made through the project’s official Twitter page. NFTCDN.io targets three core aspects: ease and efficiency of use, speed, and fee optimization.

NFT CDN Project Introduced On Cardano

With the support of NFTCDN.io, Cardano aims to improve the user experience and maintain growth and credibility while still ensuring the scalability of its NFT platform.

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Bandwidth cost is typically the most challenging issue that arises with NFT protocols.

NFTCDN.io is on a mission to build and deliver a comparable network to content delivery networks (or distribution networks) for NFT marketplaces and other NFT-enabled products.

The analog will divide up access points in order to handle large amounts of bandwidth. As a result, the primary cost of bandwidth to the primary access point is reduced, which in turn results in lower costs.

This will help Cardano’s NFT marketplace achieve bandwidth cost reduction, a speedy decentralized network, a security improvement, and content distribution enhancement.

Welcome to the Revolution

NFTCDN.io services are capable of all types of platform content storage, whether centralized (HTTPS, centralized cloud services), Web3-native (Arweave, IPFS), or on-chain (Base64-encoded).

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In its initial release, there will be multiple availability of common image file formats including JPEG, PNG, SVG, AVIF, ICO, HEIC, BMP, TIFF, and GIF. The release is set for the end of 2022.

These are considered standard formats in the NFT industry.

As a direct consequence of this change, the latency of NFT-centric protocols will decrease. Additionally, the incorporation of Cardano’s NFTCDN.io will enable a reduction in transactional costs as well as expenses related to resources.

The NFTCDN.io platform, in contrast to standard CDNs, will have the ability to edit and watermark images that are uploaded.

Cardano Stands Strong

Before the announcement of support for non-fungible tokens, and the launch of the NFT marketplace, no one ever thought Cardano was strong enough to catch up with the hottest trend at that time.

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The sleeping giant might be late to the party but every move made has been strong enough to amaze the community.

Justin Williams, HIT Network VP of NFT Development, shared in a statement that despite the current crypto market recession, which has a major impact on the NFT sector, Cardano’s NFTs stay strong.

To wit,

“The majority of Ethereum blue-chip NFTs have lost their ETH value, but Cardano blue-chip #NFTs are holding relatively strong… Probably nothing.”

The entire market has been hit by yet another wave of red. The prices of the NFT collections considered to be the most valuable fell by a sizable amount.

For the first time in ten months, the price of Ethereum’s most prominent project, the Bored Ape Yacht Club, fell below $100,000.

Cardano has become a favorite destination for major names in the music and entertainment industries.

The rap icon Snoop Dogg announced his first NFT collection on Cardano in collaboration with Clay Nation in April.

Then earlier this June, American comedian and celebrity Martin Lawrence dropped his Cardano-based NFT collection “Martin: The Reunion.”

Since its establishment in 2015, Cardano’s ecosystem is expanding and penetrating emerging markets, especially the NFT.

The blockchain possesses outstanding advantages including scalability, sustainability, and interoperability, which aims to address major issues of other blockchains.

Great Features

According to NFT MAKER (NMKR), a Cardano-powered tool that offers mint-on-demand NFT services, the number of NFTs minted on the Cardano network surpassed the 800,000 mark.

More NFTs mean activity on the cryptocurrency’s network continues to grow and the total value locked in the network’s DeFi has also increased.

NFT developments on Cardano do not take the community by storm. But over time, the stable growth of the blue-chip projects has proven the limitless capabilities of the blockchain.

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Author: Nicholas Say


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