Cardano’s NFT Now Supported By Moonstake Wallet

Anticipating Cardano's Potential Surge Post Bitcoin Halving

Cardano blockchain introduction into the NFT space has been receiving massive attention from the NFT community. It continues to show its ability to be the Ethereum killer crypto.

Cardano NFT on The Moonstake Network and Mobile Wallet

According to an announcement on December 9, Moonstake is proud to announce that they are supporting Cardano’s non-fungible token (NFT). Users can now store, send, receive and track their Cardano NFT on the Moonstake network and mobile wallet with the best user experience. With this new feature, Moonstake now supports Ethereum’s market-leading ERC-721 standard NFT and the popular Cardano NFT.

Moonstake started its staking business last year with the aim of building the largest staking network in Asia. Since then they have developed the most user-friendly web wallet and mobile wallet (iOS / Android) that supports more than 2000 cryptocurrencies. 

After fully operating in August 2020, Moonstake’s total staking assets grew rapidly to $1 billion, making Moonstake one of the top 10 staking providers in the world. Since March of this year, Moonstake has also joined DeFi together with the newly launched DeFi platform Muse.Finance. Muse.Finance has started releasing its core DeFi products. These products are to be integrated with the Moonstake platform to provide their global users with enhanced DeFi connectivity.

At the same time, Cardano is a market-leading proof-of-stake blockchain network that enables “change-makers, innovators and visionaries” to bring about positive global change. 

After the Alonzo Hard Fork was completed, which enabled smart contracts, the NFT project was developed and started on the platform. Through the implementation of the Cardano Improvement Proposal 25, Cardano NFT quickly became popular, which provided the platform with a defined NFT metadata standard for its native token.

As of August 2020, Moonstake has been a strong collateral provider for Cardano’s native token ADA collateral, and they are also a strategic partner of Cardano’s commercial arm Emurgo. With this new development, Moonstake has once again cemented its position as the leading staking platform in the Cardano market and they hope to better serve the needs of global ADA users.

How to Activate Cardano NFT for Your Moonstake Wallet

1. Register your Moonstake wallet via the internet or a mobile device (iOS/Android)

2. On the wallet screen, click Add New Asset, then select the Cardano NFT tab.

3. Find your Cardano NFT name, then click “Add” next to the Cardano NFT you want and then click “Apply” to activate it.

4. On the Wallet screen, choose Cardano NFT, then choose View Assets to review your NFT.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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