Cardano has been late to the NFT party but it is slowly emerging as a dominant player.
In recent years, the non-fungible token space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing a shift.
According to the weekly chart shared by Stocktwits NFTs, the Cardano NFT floor price index sits 22% above that of Ethereum.by the platform demonstrated an increasing inclination towards Cardano as a hub for NFTs among market participants. A major factor that played a crucial role in uplifting the ecosystem is the Vasil upgrade which helped Cardano to
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