This week’s guest on the Cardano NFT Column is a digital world with its own characters, stories and flavor, with an economic foundation that is based on blockchain technology: Cardania.
Last week’s guest was a Play 2 Earn NFT Autobattler on Cardano, reminiscent of the famous Axie Infinity.
This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community.
Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions.
Cardano NFT project: Cardania
Hey, welcome to this column. Please tell us something about yourself / your team, where are you from, what are your backgrounds?
Thanks for having us, and thanks for your own contributions to Cardano. Independent stakepool operators are super important and we appreciate you.
Our team is quite international. We’ve got folks in East Asia, Europe, The US, as well as Australia. It’s quite an interesting assortment of people, from a variety of disciplines – 2D and 3D artists, blockchain devs, web devs, game devs, musicians, and even our mods are from all over the place.
I’ve got a background that touches a lot of these disciplines, so I’m able to interface with them all with relative ease – It’s been really quite a privilege to work with all of these talented folks to bring this sort of neon fever dream to life.
What is Cardania, when did it launch and what have you achieved so far?
Cardania is a megastructure in space set in the far future. It’s a digital world we’re building with its own characters and stories and flavor, with an economic foundation utilizing Cardano blockchain technology. There’s a lot of facets to it – The stakepool, the card game, the FPS, the Terraforms, Citizen avatars, and even an album. It might look quite complicated at first glance, but really what we’re building is simply a multi-game experience that utilizes a common set of on-chain tokens.
Our Terraforms have been the largest achievement to date, earning us Top 3 most held NFT on the chain earlier this year, as well as a nomination for most long-term utility at the CNFT Awards. We’ve embedded quite a lot of interesting metadata within the land itself, and we’ve pioneered what we call the Living lands formula, which ties the productivity of our digital land to the performance of the SUMN stakepool itself. We feel this creates a really interesting standard for what digital land can look like both in terms of productivity, and as a model for how one might integrate stakepool operations with NFTs. It creates some virtuous cycles which we hope will continue to catch on.
We’ve also achieved quite a bit in terms of raw production – Our artists have recently finished a 360 piece set of card art for the 1st edition of our game, Enter the Ultraverse. This brings full circle the work we started last year and holders of our card packs can look forward to card pack redemption in the rather near future.
I’m also proud of the partnerships we’ve built with several projects – Stellarhood, Phoenix Arena, and the Monet Society have all had very interesting recent integrations and I encourage folks to check those out. Stellarhood in particular is now utilizing Cardania resources across its play to earn galaxy – A big step for inter-game cooperation in the space.
I’m also quite proud of the organic growth of the community – particularly within the Discord and Twitter. We tend to attract very high quality people with long-term focus, and they’ve really built a strong community around the core concept, with rather little direction from me. It’s fascinating to see it take on a life of its own.
What are your thoughts about the general NFT space across the different blockchains, and how do Cardano NFTs compare?
I feel it’s an industry that is simply in the embryonic stage. A lot of people are just throwing darts and seeing what sticks. That’s not necessarily a bad thing – it’s how creators find their place within the market, and how people discover what they like or don’t like about NFTs. I do feel a lot of it is somewhat shortsighted, but that’s to be expected in an environment of basically competitive hyper speculation.
I’m happy to just focus on making our own ecosystem better everyday, and I am happy to see many creatives thriving within the space. I hope more artists, developers, and investors begin to look at Cardano as a place where quality things are made.
Where is Cardania heading? Can you share your vision? Where do you see your project in 1 , 5 and 10 years?
In one year, I believe we’ll have some strong proofs-of-concept for blockchain gaming and have begun to offer some fun and engaging digital experiences. In that time I’m mostly interested in being able to show a functional model of how this architecture can and will be a revolution for gamers. I feel this sort of distributed ownership, play and earn model will become “obvious” in hindsight, but for now it feels rather niche and most gamers and game industry professionals really haven’t been swayed yet.
In 5 to 10 years I simply hope many people call Cardania home and choose to spend some of their time with us. That would make me quite happy and anything more than that is just gravy.
Great contribution. Any closing remarks? Where can people learn more?
I’d like to thank our core team of artists and developers, as well as our earliest supporters. I’d also like to thank IOG, Charles, and the rest of the Cardano community – This space reminds me very much of the early internet and it feels like we’re all building something with a bit of magic to it.
Disclaimer: The opinions and views of the people interviewed are their own and do not necessarily reflect those of the Cardano Foundation or IOG. Moreover, this content is for educational purposes, it doesn’t constitute financial advice.
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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