Cardano (ADA): Another economic market!

Mon 05 Sep 2022 ▪ 14:00 ▪
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Mikaia ANDRIAMAHAZOARIMANANA

The NFT market is certainly down, but not to the point of permanently sinking. Despite the crisis, we see more and more innovations emerging from the sector, both in terms of platforms and concepts. The last one concerns the blockchain type Proof-of-Stake Cardano. Enlarge!

Cardano frees Wafini

On Tweeter, Cardano Feed announced the launch of its market NFT, Wafini. Powered by DAO, this platform will then join the big leagues alongside Rarible, OpenSea, SuperRare and Coinbase.

Very confident in their approach, the Cardano team plans to take Wafini to first place in no time. It estimates that within 3 months, this market will accumulate more than 1 million ADAs.

[Wafini va] be the first marketplace on Cardano where users can trade NFTs securely, using the low fees of the Cardano blockchain “, We said on Cardano’s blog.

This is perhaps the reason for the advance organization of the pre-sale of its whitelist for first buyers.

Furthermore, Cardano highlighted some challenges of the Wafini market, namely:

  • improve the speed and throughput of the Cardano network;
  • listing on multiple decentralized exchanges (DEX);
  • the exploitation of multiple elements in the hard fork Vasil;
  • the release of white list WFI market tokens following a private round table;
  • etc

If there’s another takeaway on Wafini, it’s probably its decentralized and community-oriented Web3 functionality for collectibles. Sometimes, users will easily be able to do this mintNFT sales and trade-ins.

Genesis VIP NFT

This is a strategy adopted by Coinbase to enhance the DAO that will support Wafini. These VIP NFT Genesis will be accessible especially for the first comers market.

It is specified that the members of the DAO of Wafini will be entitled to various privileges, to mention only the participation in every decision of the government of the market. Sometimes, their vote will count a lot in setting market fees or even royalty fees.

Other benefits to mention:

  • the possibility of immediate verification of a collection;
  • earn rewards from Wafini’s self-sufficient cash pool, with progressively a portion of the transaction fees generated on the market.

As we approach the private sale of Wafini scheduled for 1uh October, ADA holders are advised to be on the lookout for announcements about this. Make sure you have at least 500 ADAs in your wallet before participating in this famous sale. This is the only condition imposed on those who intend to join the white list.

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that it has something to do with it.

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