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German mobile phone company Vodafone plans to release a series of NFTs on the Cardano (ADA) blockchain. The IS NFT collection to be published later this year. This stems from a post made by Vodafone’s Discord channel and a tweet from the company.
— Vodafone Service (@vodafoneservice) June 27, 2023
Cardano has been able to do a few things in recent days positive developments register. The trading volume of their DeFi network rose dramatically, while many other DeFi blockchains became obsolete or only grew very slowly. The Cardano course was also able to grow properly. ADA token is currently trading at $0.29.
Vodafone chose blockchain because of its “Communities, sustainability and the cross-chain possibilities.” The NFT collection is due to be released later this year. An exact date is not yet known as to what kind of non-exchangeable tokens there should be and what applications and benefits they should have. However, the first 1000 members of the Discord channel should have access to the collection.
Vodafone is relying on NMKR’s NFT platform
The first rumors appear when the NFT NMKR platform posted a screenshot of Vodafone’s Slack Chat on Twitter. NMKR is said to be responsible for minting the NFTs. The rumors were finally confirmed on June 29, but Vodafone was not actually working with NMKR.
— Patrick Tobler (@Padierfind) June 28, 2023
Initially, Vodafone only wants to focus on Germany. However, the company plans to include international members of the community in the future. No one should be excluded from the project. Although it is not entirely clear what the purpose of the NFTs is, Vodafone strives to create real value for Vodafone customers.
Potential impact on the ADA course
This news could have a positive impact on the development of the ADA course. That one of the world’s largest wireless companies is choosing Cardano over one of the many competing blockchains like Ethereum sends a strong signal. That’s why they are Expectations in the Cardano community high
Although it cannot be assumed that the 31 million Vodafone users in Germany will now jump on the blockchain and NFT train. However, these concepts are presented to a wide audience and bring more attention to Charles Hoskinson’s blockchain. It also shows the crypto community that Cardano is trusted by major players and there may be reasons why this blockchain is better than Ethereum.
That could further enhance the ADA course. It increased by a good 7 percent in the last 24 hours and thus was stronger than other top coins in the same period. At the end of the last week of June, the crypto market is in a good mood overall, which also gives an advantage to the Cardano course. So it’s not 100% clear how many of these percentage points can be traced back to this news.
The Launchpad pre-sale continues
Meanwhile, interested parties can still participate in the Launchpad.xyz presale. The LPX token, the platform’s native cryptocurrency, can currently be purchased for $0.0445. Later, the price is upgraded to $0.046. Launchpad’s goal is to provide an all-inclusive program Web 3 platforms to build up. Features include trading cryptocurrencies and NFTs, as well as the ability to mint your own NFTs. Blockchain gaming is also set for future integration.
Launchpad is still under development, the Sale of the LPX token used to finance the project. Later it should be available for other applications, such as staking or paying trade fees. The LPX token can be purchased with Ether (ETH), Tether (USDT), Binance Coin (BSB) and credit card.
Last updated on June 30, 2023
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