Introducing CardaMart: The First Decentralised Cross-Chain NFT Marketplace on Cardano Ecosystem
Hello Cardamart Community, we are thrilled to unveil our project Cardamart which when fully developed will be a Cross-Chain NFT Platform built on the ever growing Cardano Ecosystem which will allow for seamless cross chain interaction of NFTs as you can mint an NFT on the Ethereum Blockchain for example, and trade it on the Cardano Blockchain.
What Do We Aim To Accomplish?
- A Platform Where Anyone Can Create NFTs on Cardano, List it for a price and sell it in a decentralized and non custodial manner.
- Earn ADA for your creative art as Non-Fungible Tokens
- We will implore a bridge function to interact across chains through the development and provision of a single neutral network.
Why We Are Embarking On The NFT Project
The global art market is a marketplace of buyers and sellers trading in the services, articles, and works-of-art and culture commonly associated with the various arts. While the market remains predominantly offline, online sales have seen increasing growth in recent years.
Why Did We Choose The Cardano Ecosystem?
The Cardano blockchain has surged in popularity and value over the last four years since being founded in 2017 and with the launch of smart contracts following the Alonzo hard fork upgrade to Cardano’s mainnet which will make it possible for projects to deploy Dapps on the Cardano blockchain and at the time of writing this, there are Currently, at least 140 up-and-coming projects which are in the process of being developed on the Cardano blockchain.
The problems with the current NFT marketplace majorly on the other network is two fold —
High fees and lack of liquidity. NFTs launched on the other blockchains are subject to high fees, long wait times and unpredictable network fluctuations.
This problem will grow exponentially as artists and creators around the world begin to learn the value of NFTs, and attempt to create them on those networks.
Also we are offering a cross-chain interoperability of NFTs which is a critical pain point for the further expansion and development of the NFT technology that will bring about multiple use cases and not just limit it to just a store of Digital asset value.
What Is CARDAMART?
Cardamart aims to solve the two main issues
1: Cross Chain NFT Platform focusing primarily on two main features that will create value for projects building on the Cardano ecosystem.
We are currently witnessing a historical moment in crypto history. As of Feb 18th, 2021 BSC network usage hit nearly 2X that of Ethereum’s.
A large migration of network value is now moving from the BSC ecosystem to the Cardano ecosystem as well as thousands of users.
We believe a large percentage of NFT creators and buyers will quickly follow suit. Cardano Smart Chain provides the necessary infrastructure to build a large scale NFT platform like CARDAMART.
2: Our NFT Marketplace will allow creators to mint and trade digital commodities.
This process is made much easier with our super sleek and user friendly interface which will enable creators to turn their ideas, photos, music and paintings into non fungible tokens which can also be redeemed as physical objects.
Future plans for the CARDAMART platform like cross chain swaps for NFTs as well as oracle and price discovery instruments to allow for LP mining with binded NFT tokens will be updated in future versions of our whitepaper.
CARDAMART will allow NFT holders to bind NFTs to benefit from liquidity.
Cmart Token
$CMart will be the utility token that will power the Cardamart NFT Platform.
Holders can be able to stake their tokens, vote on proposals, use it for governance and featured listings.
Holders who have staked their $Cmart Tokens will be eligible for exclusive NFT Drops.
In short — more liquidity, more capital for CARDAMART NFT holders, faster ecosystem, lower fees and support of the Cardano ecosystem.
Additionally, Cardamart will provide accurate data by making trade volume transparent while also noting that there isn’t a KYC requirement to use our platform so that users are more protected with complete anonymity and financial privacy.
Conclusion
Cardamart is on a mission to bridge and empower content creators utilzing blockchain technology, providing them a suite of robust service offerings.As we continue to build and keep to our roadmap, Cardamart will deliver an increasingly larger array of services to take the Cardano ecosystem to the next level.
Follow Us On Our Social Media
Website: — https://cardamart.com
Telegram: — https://t.me/cardamartNFTs
