Loading
Share on twitter
Share on reddit
Share on telegram
Share on facebook

TL;DR: Native Assets are non-ADA tokens created on the Cardano network. NFTs are unique native assets minted in 1 piece only.

Functionality. One of the endeavours of Cardano is to enable the transactions of foreign cryptocurrencies on Cardano network. This means that in the future it will be possible to send Bitcoin over Cardano, paying Cardano fees instead of Bitcoin fees. As a first step towards this development, support of Native Assets has been provided.

Native Assets are tokens created on Cardano and are native to it. At this moment in time, anyone with a bit of technical knowledge can create a new token right on the Cardano blockchain. These assets have different metadata entries, such as its creator name, url, link to an image, or any text data that the creators put in it.

 

If only one unique Native Assets was minted, then it is counted as an NFT — non-fungible token. In many cases, such tokens are bound to unique images and an ownership of a token usually implies exclusive ownership of an image. 

SHUTA-inwallet-optimised3

HYGGE Native Assets. As part of learning we minted a token for fun: “ShutUpAndTakeMyADA“. It is based on a famous meme from Futurama. The image attached to the token is created in the style of Wassily Kandinsky with Charles Hoskinson (founder of Cardano) replacing Fry from Futurama.

 

We imagine that receivers of those tokens will be able to use them to send along with their ADA for entertainment. Those tokens were created in the quantity of 99999 and no more can be created. If you would like to obtain some of them, please contact us or keep an eye of our activity: we plan to occasionally give them away in very small numbers, as well as send out to our delegators from time to time. 

Welcome whale

Do you have a big stake and contemplate joining HYGGE?

    Welcome whale

    Do you have a big stake and contemplate joining HYGGE?