Cardano NFTs touted as next gold rush after ‘Ford Edwards’ sells for $65,000
Twitter user @ShiLLin_ViLLian I posted details of a Cardano NFT that sold for 180,000 ADA, or $64,300 at today’s prices.
This Cardano NFT sold for 180,000 ADA pic.twitter.com/9u449BL2sV
— Alex ❓ (@ShiLLin_ViLLian) October 18, 2022
Owned by Ford Edwards Great Ape Society Collectionrecently started by anonymous developers Cardman, Congo, and Matasa.
The owner’s husband posted a video of the sale in progress, including his reaction when the bug prevented confirmation of the sale. representative from jpg. The store said the engineers would “squash bugs.”
This is me selling my wife’s NFT, King Ford Edwards, for 180,000. $ADA
@the_ape_societytop #NFTs project #cardano
Watch till the end to see my reaction when I thought I accepted the wrong offer. I was so nervous 👊🏻
@kpetric2017 pic.twitter.com/Y2Y2eqUTeK
— [email protected] (@PetricVince) October 19, 2022
ape association
Inspired by Ethereum’s Bored Ape Yacht Club, The Ape Society aims to develop communities through owner access to “unique perks, events, and more,” including rights to community-run Decentralized Autonomous Organizations (DAOs). is also intended.
“The Ape Society is a collection of 7,000 unique NFTs generated on the Cardano blockchain. Claim your monkey by minting or buying through the secondary market and stake your place in our exclusive community. please.”
Each ape association NFT is derived from a set of “design-generated” traits. The 13 trait categories include hats, ears, weapons, and classes.
Class traits are integral to the collection’s background story, detailing a fictional tale set “long ago” in the world of “unsophisticated barbaric apes”. In this chaotic world, an ape named Giambuono de Medici wanted unity and cooperation among apes.
“He divided his retinue into seven ranks: nobles, royal advisers, military officers, merchants, explorers, artists, and craftsmen, each necessary for the survival and prosperity of society.”
Ape Society is available for purchase on Cardano’s secondary NFT marketplace jpg.storeAccording to the site’s landing page, the lowest price for the collection is currently 8,250 ADA ($2,600).
Is Cardano the Next NFT Gold Rush?
NFT collector @FFVV1211 recently commented that they missed the Solana NFT pump. He added that Cardano NFTs are currently gaining momentum and will not repeat that mistake.
They told me to stay away from SOL NFT when SOL NFT and the community were buzzing.
The same thing is happening with Cardano NFT.. I will never make that mistake again 😂
—FFV🎃 (@FFVV1211) October 18, 2022
Similarly, @HommiesDrey talked about NFT paradigm shifts moving along different blockchains over time. He believes Cardano will benefit from a shift from Solana.
The reason you lose money on NFTs is because your chain is biased.
U does not follow the d paradigm shift. ETH has already issued all the top projects, Sol is facing a decline, coming to Cardano is NFT’s current hotcake, and next is b Polygon. pic.twitter.com/D8dFzaMHsv
— #NFT Guru (@HommiesDrey) October 19, 2022
data from opencnft.io No discernible pattern was seen in the Cardano NFT volume. The market peak of 3.7 million ADA was reached on his June 7th, leading to a sharp decline where he bottomed out at 366k ADA on September 13th.
Volume has trended upwards since then, but a noticeable spike occurred on October 17th, which could mark the beginning of the Cardano NFT paradigm shift mentioned by @HommiesDrey.
