$ADA: Crypto Analyst Says ‘Cardano NFTs are the best NFTs’, SPO Explains Why There Are So Many NFT Projects

On Friday (October 7), a prominent crypto analyst gave high praise to Cardano-powered NFTs.

Yesterday, popular crypto analyst and influencer told his over 893K Twitter followers:

Cardano NFTs are the best NFTs

— Ben Armstrong (@Bitboy_Crypto) October 7, 2022

Interestingly, one day earlier, Pieter Nierop, the owner/operator of $ADA staking pool “Cardano Fans” explained the popularity of NFT projects on Cardano:

There are already many NFT projects on Cardano. Transactions on NFTs don’t fail, costs are relatively low, and you won’t loose your “gas-fees”. NFTs on Cardano are reliable and there are already many NFT projects.

— Pieter Nierop (@nierop_pieter) October 6, 2022

On 14 June 2022, Justin Williams, Vice President of NFT Development at Hit Network, “a conglomerate of creators that drives client vision via entertainment and education around the pillars of entrepreneurship, crypto, gaming, music, and sports”, commented on Cardano-based NFTs.

Williams pointed out that Cardano-based NFTs seem to be weathering the current bear market better than their Ethereum counterparts:

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

— Justin Williams NFT VP Hit Network (@NFT_Justin) June 14, 2022

On 9 June 2022, Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), did an interview with Yahoo Finance, during which he had this to say about Cardano’s NFT market:

“One surprising area of growth on Cardano is in the NFT space. About 40% of all the applications that are being deployed are NFT-related… About $270 million a month in NFT volume. So, $3 billion a year, and there’s tons of incredible work in the metaverse space, like Cornucopias and others, and it’s really impressive to see how fast it’s grown in just the last year.“

According to “opencnft.io“, here is the current state of Cardano’s NFT market:

Source: opencnft

Source: opencnft

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