This research was sponsored by Plotaverse, an innovative NFT creator kit that provides a suite of iOS mobile, desktop and web applications to help artists create in the field of Motion Art.
Cardano
Cardano is a blockchain platform that uses a less energy-intensive method of maintaining its computer network than Bitcoin uses. It doesn’t require any special computers, just a desktop application you can install on any computer.
The Cardano.org team have sought to combine pioneering technologies to provide unparalleled security and sustainability to decentralized applications and systems. One goal of the platform is to be an enabling force for positive change and progress.
Cardano was created in 2017 intended to be built as a green blockchain platform with decentralized applications built on top of it. In terms of blockchains, this could be additional cryptocurrencies or NFTs.
A major accomplishment has now been accomplished on the Cardano blockchain.
SundaeSwap
Image Courtesy of Reddit.com
On January 20, 2022 SundaeSwap launched. SundaeSwap is an operational decentralized exchange with its own token, $SUNDAE, on the Cardano blockchain. As expected, there were some issues with strain on the network.
Congratulations to @SundaeSwap on their launch today. Due to heavy #Cardano network load, some users may be waiting longer for transactions to complete as a result.
This is to be expected around DEX launches & large NFT drops. Thanks for your patience during these busy periods.
— Input Output (@InputOutputHK) January 20, 2022
The Cardano team had predicted this would occur, and has announced its solutions to increasing the ability of the network to scale.
NEW BLOG: With core smart contract capability now deployed, the next phase for #Cardano focuses on performance optimization and scaling.
Here’s how we plan to steadily increase Cardano’s capacity & throughput during 2022. And it starts right here…https://t.co/zgbRvaWixv pic.twitter.com/h25H4EGYB4
— Input Output (@InputOutputHK) January 14, 2022
More importantly, this was a landmark moment for the Cardano blockchain. Why? Because it is the first operational, broadscale decentralized application on the network. And it thus opens the door to numerous applications in the new future.
In the same manner that cryptocurrency itself was adopted, the concept of decentralized finance has generally been the first to attract investors and users.
Shake up the status quo of the elites controlling the money, and more ordinary people can share in some of that wealth too. For example, Bitcoin first attracted users to the idea of a decentralized currency.
Then other people consider other applications of the technology. Following Bitcoin, Ethereum attracted users to the concept of other decentralized applications. Many other blockchains followed. NFTs, social networks, DAOs and now even a decentralized metaverse.
The future is very bright. The applications of blockchain are wide-ranging. SundaeSwap opens the door for many more applications on Cardano.
Enter Plotaverse
Plotaverse is an NFT creative kit and ecosystem with over 11 million downloads on its iOS applications. Plotaverse was created by world-renowned visionary photographer Troy Christopher Plota and is an advance in the field of motion art. It aims to ignite the technologies of digital art, NFTs and MP4 technology, adding a layer of security to digital art not available with JPEGs.
Plotaverse’s ambitious 2022 roadmap includes adding an NFT marketplace to their already popular app. Plotaverse is working with the Cardano team closely and are planning to add $ADA support on their marketplace, making them one of the first NFT marketplaces to do so.
Just as SundaeSwap is the leading decentralized exchange on the Cardano blockchain, Plotaverse aims to be the leading NFT marketplace on Cardano. The top of the ladder is still available, and the Plotaverse team are hungry to bring this into reality.
Download the Plotaverse iOS mobile app here.
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This content is for educational purposes only. It does not constitute trading advice. Past performance does not indicate future results. Do not invest more than you can afford to lose. The author of this article may hold assets mentioned in the piece.
