{"id":217975,"date":"2021-04-03T01:05:45","date_gmt":"2021-04-02T22:05:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano\/"},"modified":"2021-04-03T01:05:45","modified_gmt":"2021-04-02T22:05:45","slug":"wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano\/","title":{"rendered":"# \u2018Wild west\u2019 as developers MacGyver highly popular NFTs on Cardano"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bbfb21dc67\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bbfb21dc67\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano\/#Thriving_community\" >Thriving community<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># \u2018Wild west\u2019 as developers MacGyver highly popular NFTs on Cardano  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjYzMTA2NGZhM2IzYjIyYmE4M2VmZDQxZGI0YjBmYS5qcGc=.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum \u2014 and, what\u2019s more, so far they\u2019ve proven to be enormously popular with token drops routinely selling out.\u00a0<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/cardano\/comments\/migj1f\/we_just_minted_our_first_nfts_on_the_cardano\/\">post<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> today, ADA <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> Management (ATM), a staking pool operator for Cardano, revealed what they claimed to be two NFT images they\u2019d minted on the chain. In the thread the company said they were planning to offer NFT minting as a service to pool delegators.<\/p>\n<p>The so-called NFTs come with a number of caveats, however. Because Cardano doesn\u2019t yet support smart contracts or have a NFT token standard, in order to create a NFT users mint a native token one-of-one native token. <\/p>\n<p>\u201cTokens on Cardano are native and are on the same level as ADA. Instead of smart contracts, so called &#8220;minting policies&#8221; control the flow of a certain token group. NFTs are basically tokens on Cardano with a quantity of 1,\u201d explained Alessandro, the self-described \u201cbrains\u201d behind SpaceBudz, a Cardano-native collectibles project and the author of a Cardano Improvement Proposal to establish a Cardano NFT metadata <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.cardano.org\/t\/cip-nft-metadata-standard\/45687\">standard<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/spacebudzNFT?ref_src=twsrc%5Etfw\">@spacebudzNFT<\/a> sales are starting to get a little bit crazy <\/p>\n<p>Big shoutout to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StaleDev?ref_src=twsrc%5Etfw\">@StaleDev<\/a> for making this bot! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UW7iwCUL6J\">pic.twitter.com\/UW7iwCUL6J<\/a><\/p>\n<p>\u2014 NFT Room (@NFTRoom) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NFTRoom\/status\/1376883053969113098?ref_src=twsrc%5Etfw\">March 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Developers can then embed in the token metadata a link to an Arweave and\/or InterPlanetary File System address where an image is stored. One <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cardanoscan.io\/transaction\/ade24a3457e1f6f40798bbfc587bee73f387925b19c94b1176a97ec5eba0bc84?tab=metadata\">example<\/a> NFT shows that the \u201cmetadata\u201d section of a mint transaction includes a link to a IPFS address which displays the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cloudflare-ipfs.com\/ipfs\/Qmevsugj5bRsTiWDAJkAfEpGgUmUCcxp2BEK8R7xZqT1vr\">associated<\/a> SpaceBud. The end result is a wholly unique token permanently recorded and transferrable on the Cardano blockchain \u2014 a NFT by many, if not all, definitions.\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thriving_community\"><\/span>Thriving community<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite the extra hoops developers have to jump through to create them, the NFTs have proven to be enormously popular with users.\u00a0<\/p>\n<p>According to Alessandro, SpaceBudz sold out all 10,000 NFTs in just three days at a price of 50 ADA per, and there\u2019s already an eager secondary market where especially rare SpaceBudz have sold for as high as $40,000. <\/p>\n<p>Even before SpaceBudz, CardanoKidz was working on Cardano-native NFTs as early as August 2020. Multiple pre-sale rounds sold out \u201cwithin hours of launch,\u201d according to Zac, a member of the CardanoKidz marketing team. One Satoshi-inspired Kid sold for 32,000 ADA even before the tokens were minted, and the NFTs themselves went live in late March.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">First Full Colour (FC) 001 minted. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IOHK_Charles?ref_src=twsrc%5Etfw\">@IOHK_Charles<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FThPDvDNZX\">pic.twitter.com\/FThPDvDNZX<\/a><\/p>\n<p>\u2014 CardanoKidz | Cardano NFTs (@CardanoKidz) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CardanoKidz\/status\/1377991643383660544?ref_src=twsrc%5Etfw\">April 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Zac credits tools like a community-developed token and minting policy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pool.pm\/tokens\">tracker<\/a> for helping to make developers\u2019 lives easier. The official Cardano developers, IOHK, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be embracing the new vertical as well, as lead engineer Polina Vinogravoda gave a quick tutorial on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ZSvfITJp7R0\">minting<\/a> NFTs on the chain on Tuesday.\u00a0<\/p>\n<p>A host of other projects round out the upstart ecosystem, including CryptoPunk-inspired CardanoBits, and minting platform CNFT.\u00a0While still rudimentary, the NFTs on Cardano are cheaper than those on Ethereum as well: minting a native token costs roughly 2 ADA, or $2.50.<\/p>\n<p>While the developers working in this nascent community have managed so far, ultimately they\u2019re excited for smart contracts to make their lives easier.<\/p>\n<p>\u201cWe can\u2019t wait for smart contracts to arrive for more functionality but we had JUST enough tools and experience to make NFTs work on Cardano,\u201d said Zac. \u201cIt\u2019s been an incredible journey so far.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Wild west\u2019 as developers MacGyver highly popular NFTs on Cardano &#8221; Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum \u2014&#8230;<\/p>\n","protected":false},"author":1,"featured_media":217976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjYzMTA2NGZhM2IzYjIyYmE4M2VmZDQxZGI0YjBmYS5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75378,77892,95118],"class_list":["post-217975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cardano","tag-crypto-collectibles","tag-nft"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=217975"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/217976"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=217975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=217975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=217975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}