{"id":473666,"date":"2021-10-13T23:00:56","date_gmt":"2021-10-13T23:00:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=473666"},"modified":"2021-10-13T14:58:43","modified_gmt":"2021-10-13T14:58:43","slug":"cardano-nft-above-1-million","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/cardano-nft-above-1-million\/","title":{"rendered":"SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network"},"content":{"rendered":"

NFTs have been live on the Cardano network for a while. Before smart contracts capability had debuted on the network, users were able to mint and sell NFTs without needing a smart contract address. This has been one of the pulls towards the network and users have taken full advantage of this capability to trade their NFTs on the blockchain.<\/p>\n

However, compared to leading NFTs blockchain Ethereum, Cardano NFT sales have been minute. Where the Ethereum network has seen NFTs sold for as high as $69.3 million in the case of Beeple<\/a>, Cardano had yet to see its first million-dollar sale. This is mostly due to the network rolling out NFT capability later than Ethereum and having less interest from buyers.<\/p>\n

SpaceBudz Sells First Million-Dollar NFT<\/h2>\n
The NFT market on Cardano has boomed ever since smart contracts capability was introduced on the blockchain. Although these smart contracts are not required for minting NFTs, they brought more users to the network, which, in turn, brought more interest into NFTs minted on the platform. Various artists have released and sold their NFTs on the blockchain, and now, SpaceBudz has successfully recorded the first Cardano NFT sale above $1 million.<\/p>\n
$\"Cardano$ <\/p>\n
ADA price trading at $2.11 | Source: ADAUSD on TradingView.com<\/a><\/pre>\n
SpaceBudz is an NFT platform that is built on the Cardano blockchain. The SpaceBudz consists of 10,000 unique NFTs which users can personally own after they purchase it. The project broadcasts its sale on Twitter via a bot<\/a> that reports every listing and sale of a SpaceBudz NFT.<\/p>\n
On Tuesday, the SpaceBudzBot account reported that SpaceBud #9936 had been sold for 510,000 ADA. Going by ADA\u2019s current price of $2.11 at the time of this writing, the NFT sold for $1,076,100. A record sale on the Cardano network.<\/p>\n
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SOLD – SpaceBud #9936 was bought for 510000 $ADA<\/a> https:\/\/t.co\/E3605AnMs0<\/a> #spacebudzsold<\/a> pic.twitter.com\/W6Jml5mbHt<\/a><\/p>\n
— SpaceBudz Bot (@spacebudzbot) October 12, 2021<\/a><\/p><\/blockquote>\n