Cornucopias Land Mint, the Largest NFT Land Sale on Cardano is Over – What Next?
After 5 action-packed days, a truly global force of Cornucopians has easily and quickly snatched up every single land plot in Cardano’s most community-focused metaverse. As a result, the entire inventory of 24,000 District Land plots sold out in the largest most successful single land sale on the Cardano blockchain. From small land plots to massive Copias-sized plots with buyers participating from 163 of the world’s 195 countries.
Following the massive sell-out, the team announced that there would be no more chances to purchase District Land plots in the Theme Zones until sometime next year. However, they promised to return with the next custom dome NFT sale very soon.
The Cornucopias Island NFT lands – Rising Play-To-Earn Game on Cardano Blockchain
Gamefi is one of the ecosystems that has thrived well through the invention of the metaverse. Gamefi is a blockchain-based gaming model with monetary incentives for players. So players can earn in-game rewards, which can be converted to digital assets and, consequently, real money.
The Cardano blockchain hosts some of the most exciting blockchain games, and one whose uprising has caught the attention of many GameFi enthusiasts is Cornucopias. Cornucopias ‘The Island’ is a massive blockchain-based Play-To-Earn, Build-To-Earn, and Learn-To-Earn game in which players can be rewarded with and/or own land, properties, and other NFT-based assets with real-world value by playing games in a fun and safe metaverse.
‘The Island’ is divided into 12 themed zones such as the ‘Solace’ zone, the ‘Esperanza’ zone, the ‘Fortune’ zone, and so on, where people of all ages can play a series of mini-games, getting lost in the play-to-earn ecosystem where they can earn real-world value as they explore and build in a safe and secure world.
‘The Island’ integrates gaming with real-world commerce, allowing traditional and e-commerce businesses to sell and promote real-world brands, goods, and services to a hard-to-reach audience they may never have had access to in the real-world or through traditional marketing.
A Closer Look at Metaverse and NFT Lands
As the internet continues to grow, the metaverse is one of the new buzzwords among users. The metaverse is a network of 3D virtual worlds that are linked and accessed via mobile devices, desktop computers, gaming consoles and smart TV’s, on screen or with virtual reality headsets. Users navigate the metaverse via subtle body movements, feedback controllers, or voice commands. Headsets can integrate the user more deeply, stimulating their presence, which is created by creating the physical sensation of being physically present.
To see the metaverse in action, consider popular massively multiplayer virtual reality games, in which players use avatars to engage with each other and manipulate their surroundings. Today, entertainers are experimenting with metaverse concert hosting. The sports industry follows suit, with Manchester City constructing virtual stadiums where fans can watch games and buy virtual products.
But just like in the real world, before anyone can erect any virtual property, they must first acquire a piece of land in the form of NFTs to build on. This has made NFT land one of the most valuable assets in the metaverse. Owners can resell or rent out their virtual land for digital assets which can then be converted into real money, and stake their NFT’s creating additional layers of value.
Cornucopias’ most recent success with only three of the twelve planned NFT themed zone land sales, follows several record breaking in-game NFT sales such as the Bubblejett and GTI Javelin vehicle sales, and the Cornucopias NFT2tree philanthropic program with all proceeds and secondary market revenue being used to plant hundreds of thousands of physical trees where they are most needed in the world.
The Cardano blockchain is proving to be the ideal home for gamefi metaverse projects and Cornucopias has risen to be the most favored metaverse game project by the Cardano community and those in the know.
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.
At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.
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
– Advertisement –