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Vodafone confirms rumors of Cardano NFT plans

June 29, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Vodafone Germany, a significant telecom firm, introduced plans to launch a collection of Cardano-based non-fungible tokens on June 28.

Vodafone plans to launch NFTs

On the corporate’s Discord channel, a consultant said:

“Sure, we’re planning to launch an NFT assortment this yr and wish to utilise the Cardano chain for this.”

The consultant mentioned that Vodafone Germany selected the Cardano (ADA) blockchain resulting from its “neighborhood, sustainability, [and] cross-chain potentialities.”

The consultant said that Vodafone’s plans are nonetheless within the early levels. He mentioned that the corporate has not determined what utility and advantages the tokens will carry however famous that the primary 1,000 members of the Discord neighborhood will obtain rewards.

He additionally steered that the challenge is proscribed to Vodafone Germany at current however famous that the corporate is exploring methods to incorporate worldwide neighborhood members. The consultant added that there can be no “whitelist” that restricts entry.

The consultant warned the general public to not click on on any airdrop hyperlinks, which means that any tokens that seem like associated to the challenge are fraudulent.

Rumors round Vodafone’s plans emerged earlier on June 27, when the corporate’s Twitter account linked to its Discord server in anticipation of its announcement.

NFT plans current a possibility for NMKR

Vodafone is the world’s ninth-largest telecom firm. The corporate introduced in $52.2 billion of income in 2020, in keeping with its annual report from that yr.

As such, the challenge is a notable instance of adoption, and it presents a possibility for members of the crypto trade. Patrick Tobler, founder and CEO of the NFT creation platform NMKR, commented on the information on June 28. He confirmed to CryptoSlate that his firm can be straight liable for minting NFTs in Vodafone’s assortment.

CryptoSlate additionally contacted Cardano’s official growth agency, IOHK, to find out whether or not it’s concerned within the challenge. IOHK didn’t present a response by press time.

The publish Vodafone confirms rumors of Cardano NFT plans appeared first on CryptoSlate.

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