Hollywood Actor Martin Lawrence Is Working on a Cardano-Powered NFT Collection.
On Tuesday, June 7th, an American comedian and actor Martin Lawrence explained how he is joining the Cardano ($ADA) community. His comments were made in the course of a conversation on Twitter spaces with Patrick Tobler, Founder, and CEO of NFT-MAKER, and Charles Hoskinson, Co-Founder, and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development.
Read Also: Shiba Inu ($SHIB) Comes To “The World’s Longest Running Crypto Exchange”
Below are some points in the Lawrence and Hoskinson’ discussion When and How Lawrence Got Into Crypto
“A couple of years ago, when my team brought NFTs to my attention.“
Lawrence’s First Impressions of Cryptocurrencies and NFTs
“I want to learn more about them… That’s why I’m excited to partner with your company.“
What Hoskinson Thinks About How NFTs Have Evolved on Cardano
“I didn’t expect Cardano to be a major player in the NFT space, at least initially. It kind of caught us all by surprise. We worked hard at trying to create great asset standards… We didn’t expect to have NFTs be quite large, but then it was completely community-led. So, all these projects materialized out of nowhere, and about 40% of the 1000+ projects on Cardano are NFT-related, and there are over five million assets that have been issued on Cardano, and the transaction volume is remarkable…
“There’s about $270 million worth of sales that are occurring every month when you look at this in the last three months average. So, it’s a surprise, but in hindsight, it makes perfect sense. When you look at the native asset standard, when you look at the eUTXO model, in particular, it makes it easy to do an airdrop, it makes it easy and low cost to issue things and manage these things that that are coming through. So, in hindsight, it does kind of make sense.“
Why Lawrence Finds NFTs Interesting
“Well, I think it’s interesting that people can have some in the metaverse that’s just for them.“
What Lawrence Will Be Unveiling Soon for His Fans and the Cardano Community
“We’re creating 30 unique exclusive, one-of-one NFTs, and we also have a special announcement coming soon.“
Cardano Treasury Exceeded 900 Million ADA Held, Here’s What They Spend It On
Cardano foundation’s treasury balance has reached 900 million ADA coins worth approximately $500 million. The balance is presently close to the ATH as the Cardano Ecosystem is growing by leaps and bounds. Initially, the treasury saw nothing but inflows into it. But with the last epoch, 27 million ADA coins were redistributed among Cardano catalyst Fund 8 projects and other funding initiatives fabricated to support the growth of the community and developers who join it
If you are aspiring to “claim” a small part of the treasury, you can always join the ecosystem by adding value to it, which could be a project developed with the use of Cardano development tools.
The all-time high of the treasury stays at approximately 927 million ADA and reflects a bit less than 3% of the current supply of the coin.
New Partnership will Djed available on MuesliSwap
COTI, a DAG-protocol optimized for creating decentralized payment networks, today announced its partnership for Djed, Cardano’s Overcollaterialized algorithmic stablecoin, this time with MuesliSwap, soon to become the first hybrid DEX on Cardano.
Read Also: 6800 BTC was moved from coinbase as the bitcoin drops below $40000.
MuesliSwap will pair Djed with other coins on their DEX, making it possible for liquidity to be provided through Djed trading pools on MuesliSwap and for the users to generate yield on their crypto-assets.
“This partnership will help traders all over the ecosystem to optimize their portfolio. Further, stablecoins improve the user experience by providing a convenient point of orientation. As stated by the co-founder of MuesliSwap.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
