Cardano’s entry into The SandBox Game signals a new era for NFTs

• Cardano’s Clay Nation NFT will combine into The Sandbox Sport.
• NFT gross sales quantity on Cardano within the final 30 days has been behind that of Ethereum and Polygon.

In a historic transfer, Cardano’s Clay Nation NFT undertaking is ready to be built-in into The Sandbox Sport, marking the primary time a Cardano undertaking will probably be built-in into the favored blockchain-based sport. 

With the mixing of Clay Nation into The Sandbox Sport, gamers will have the ability to showcase and commerce their Clay Nation NFTs throughout the sport’s digital world.

Enter The Sandbox 🪨

Clay Nation will turn out to be the primary @Cardano undertaking to be built-in in @TheSandboxGame – pushing interoperability even additional in #Web3

The expertise will probably be created in collaboration with @smoblerstudios.

Keep tuned for extra. pic.twitter.com/kzdSsUyKpW

— Clay Nation (@claymates) February 25, 2023

This announcement has generated important buzz within the Cardano group and is being seen as a significant milestone for the blockchain’s rising NFT vertical.

How a lot are 1, 10, 100 ADA value in the present day?

NFT gross sales on Cardano community to this point this yr

In response to information from Cryptoslam, NFT gross sales on the Layer 1 (L1) community have totaled $23.99 million for the reason that yr started. In January, Cardano logged a complete gross sales quantity of $14 million, with over 150,000 NFT gross sales transactions accomplished.

Up to now this month, the community has seen a complete gross sales quantity of $9.89 million, and 111,141 NFT gross sales transactions have been accomplished within the final 26 days. 

Over the previous month, Cardano has recorded NFT gross sales volumes of $11.95 million, inserting it fifth within the rating of blockchain networks with the best NFT gross sales volumes.

This places it behind Ethereum, Solana, Polygon, and ImmutableX, indicating that whereas it’s a rising participant within the NFT house, it nonetheless has some floor to cowl to meet up with the highest 4 blockchain networks when it comes to NFT gross sales.

Supply: Cryptoslam

Though the group responded positively to the announcement of Clay Nation’s integration into The Sandbox, there was no important improve within the buy of property from the NFT assortment.

In response to information from DappRadar, solely 12 distinctive energetic wallets interacted or carried out a transaction with the undertaking’s good contract within the final 24 hours. Equally, the transaction depend declined by 12% throughout the identical window interval.

With $213.69 recorded because the fiat worth of all incoming transactions involving Clay Nation within the final 24 hours, this has suffered a 72% decline.

Supply: DappRadar

ADA within the final 24 hours

At press time, ADA exchanged palms at $0.3635. Its worth grew by a mere 0.5% within the final 24 hours, whereas buying and selling quantity decimated by nearly 30%.

This hinted at consumers’ exhaustion out there. Fewer consumers equal a decline in accessible liquidity, and that is usually adopted by a worth drawdown.