Rarety

A smart-contract-based NFT drop platform designed to make NFT drops more efficient. Operating an NFT launchpad and developing an NFT marketplace.

The Rarety NFT drop platform is a smart contract based NFT minting engine designed to streamline the purchasing of newly released, large NFT collections. The Rarety team won funding from Project Catalyst to develop this smart contract based NFT minting engine.

Smart Contract NFT Drops

Using smart contracts for NFT drops will allow minting transactions to be grouped into one transaction, reducing the on-chain load created by NFT drops, enhancing the user experience for all users of Cardano. Using a smart contract to mint an NFT also means that NFTs will be minted and sent to the user in the same transaction as their purchase. It is said that these smart contracts will be multi-sig, it is thought that this is to ensure security of the NFTs and funds in the contract. Grouping NFT purchases like this also reduces the costs for the people minting the NFTs because they are sharing the transaction.

An NFT Launchpad

Through the NFT launchpad the Rarety team say they will help NFT projects with:

Creating the NFTs
NFT layout (it is assumed this means metadata)
Auctioning NFTs
Marketing and promotion of the drop

An NFT Marketplace

The team is also planning to build an NFT marketplace so people can sell the NFTs they buy to other users. This will be a smart contract based marketplace and will be open to all NFTs, the projects minted and launched through the Rarety platform and those minted elsewhere.

Rarety are also aiming to develop a system to deliver physical items that have been sold as NFTs.

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Glossary

On-Chain

These are all the on-chain NFTs, and on-chain NFT collections, that currently exist on Cardano. Many people consider on-chain NFTs to be better, or more special, than off-chain NFTs.

In regards to the on-chain vs off-chain NFT argument, the image represented by an off-chain NFT is found by following a link, typically stored on the IPFS, from the NFTs metadata. This can be changed by the person who uploaded it. The image represented by an on-chain NFT is coded into the metadata and is, therefore, immutably coded into the blockchain's history. This is usually, but not always, in the form a language that your browser understands, allowing your browser to interpret that information and display the NFT.

NFT Marketplace

A Cardano NFT marketplace, a.k.a. CNFT marketplace, is where you can go to find the NFTs from Cardano NFT projects for sale. This Cardano NFT marketplace list provides you with independent information about each of the CNFT marketplaces that you can shop for Cardano NFTs on.

Many Cardano NFT degens will tell you that Cardano NFT projects are unique because Cardano NFTs are native tokens, unlike on other chains where they’re managed by smart contracts. The best Cardano NFT marketplace is up for debate, and the best Cardano NFT marketplace is often the one that has the NFT you want for sale.

Some of these marketplaces are art focused, bringing artists to Cardano. Other marketplace on this Cardano NFT marketplace list have a social impact focus. Others are just focused on bringing you a great user experience when buying Cardano NFTs, and are steadily upgrading their features to offer you a greater experience when buying Cardano NFTs. There are also some marketplaces here that are dedicated to a specific Cardano NFT collection.

NFT Collections

These are all NFT collections on the Cardano blockchain. This Cardano NFT projects list is split into four different categories to help you find exactly what you’re looking for in your search for your next NFT project to join. This lists includes Cardano NFTs with utility, along with Cardano NFT projects that are PFPs, those that are focused around charitable causes, and the Cardano NFT collections that have more of an art focus.

It is worth noting that many Cardano NFT projects fit into multiple of these categories, and here they have been categorized them as the type that they best fit into.

Cardano NFT collections and projects might not be as popular as those on other chains however they offer just as much (some diehard Cardano fans would say more) than the NFT projects on other chains. If you are the developer or artist of a Cardano NFT project then please feel free to add your collection our site here.

NFT

If you’re looking for a Cardano NFT then you’ve found the place for you! listed here are all the projects that feature NFTs in some form on Cardano. NFTs are no longer just the PFP collections that made them famous, although many do still exists and you can find Cardano NFT projects here, NFTs are assets with multiple different types of utility, depending on which project’s NFTs your buying.

A Cardano NFT is a native asset on Cardano which means that, unlike on other (specifically EVM-based) chains, an NFT is not managed by a smart contract, meaning that it behaves and is managed differently to the chain’s base asset, ada. On Cardano NFTs behave the same as the chains base asset as they are native to the chain.

On this page you’ll find everything from Cardano NFT projects to DeFi projects and decentralized identity (DID) solutions that have incorporated NFTs, to the Cardano NFT marketplaces you can use to purchase NFTs.

Metadata

Metadata is an element of a Cardano transaction that can be inputed by the user or automatically generated. It is stored on the blockchain with the transaction that it was sent with. This means that, just like the transactions themselves, metadata is immutable, i.e. unchangeable, and stored forever on the Cardano blockchain.

Anyone can add metadata into a transaction and that metadata is then stored on the blockchain. Many wallets allow you to add custom metadata to a transaction.

Metadata can only be made up of characters i.e. numbers, letters and punctuation, and cannot be a file type, i.e. you cannot unload files like PDFs or MP3s to the blockchain. The size of the metadata you can add to a transactions is limited to 16KB, and a character is, typically, 1 Byte, so that means you can add up to 1600 characters as metadata with any transaction.

Metadata can be used for many purposes the most common is to give some form of context to the transaction. Metadata has been used to store supply chain data, to send arbitrary message to be stored on the blockchain, and to store the hash of a document (allowing the blockchain to be used for proof-of-existence). People have used metadata, on the testnet, to immortalize the Cardano whitepaper, by writing it onto the blockchain as transactions across multiple transactions.

Many block explorers allow users to view and search transaction metadata. Remember, anything you add as metadata to a transaction will always be publicly available on the blockchain.

Launchpad

The term launchpad is often used in the same sentence as the terms incubator and accelerator, but the three have their own subtle differences. Many launchpads also operate an accelerator and/or an incubator. But what does a launchpad do?

A launchpad connects new projects to investors, and allows the project to raise funds by giving investors access to an exclusive, early, and often discounted, token sale. So the project gets the funds in needs to proceed with development and investors get tokens at a discounted rate before they’ve even hit the market. To offer security to their investors, and to uphold their name, launchpads will conduct through KYC into the projects applying to be on their launchpad.

Some launchpads will also offer many of the same services offered by incubators to the fledgling projects that conduct token sales through them.

Launchpads are often a sidearm of an exchange, of both the centralized or decentralized varieties, as they already have the capacity to sell tokens and can then offer a guaranteed place for the tokens to be listed once the project is ready to release them to the public.

Auction

An auction is when something is put up for sale and people place bids to determine who wins, a.k.a. buys, the item. There are multiple types of auction out there and below are the most common types:

English Auction: An item starts at a certain price and people places bids that raise in value with each bid and the winner is the person who places the highest bid. They then pay the value of their bid.

Dutch Auction: An item starts at a certain high price. The price is then progressively lowered until someone claims it and they pay the price that they stopped the auction at.

Sealed Bid Auction: People write down their bids for an item and submit them. Once the time for submitting bids is over then all the bids are opened and the highest bidder wins the auction.

Vickery Auction: Works in almost the same way as a sealed bid auction. However, when all the bids are opened the highest bidder wins but they pay the price of the second highest bid.

Auctions, especially English auctions, often have reserves attached to them. A reserve means that the seller sets a minimum price for the item. If the price is not met by the buyer then the item is not sold. Reserves can be kept hidden, which is most common, or they can be disclosed to the bidders.

Smart Contract NFT Drops

An NFT Launchpad

An NFT Marketplace

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