Notably, Vodafone’s German arm, Vodafone Deutschland, is preparing to launch a non-fungible token (NFT) collection on the Cardano blockchain, according to NFT infrastructure provider NMKR, which will facilitate the minting process.
On June 28, NMKR developer Patrick Tobler posted a screenshot from Vodafone Deutschland’s Slack chat, where the telecom giant outlined its NFT collection launch plan.
“Yes, we are planning to release an NFT collection this year, and we want to utilise the Cardano chain for this. The reason we chose this particular chain comes down to community, sustainability as well as cross-chain possibilities.”– a Vodafone Germany employee wrote in the company’s official Slack channel.
“We are still in the early stages of this project, so everyone who is here now is already a super early supporter, and we appreciate that.”
What does this mean for Cardano?
Vodafone’s plan to use Cardano for its upcoming NFT collection is significant in several ways.
Firstly, the move brings mainstream attention and adoption to the Cardano network, showcasing its capabilities and potential for hosting large-scale projects.
Secondly, it demonstrates confidence from a major global company in Cardano’s technology, which could attract more businesses and developers to build on the platform, further strengthening its ecosystem.
If such a scenario becomes a reality, it could ultimately bode well for Cardano’s native cryptocurrency, ADA, which currently trades at $0.28. ADA is primarily used for transactions, staking, and participating in the governance of the Cardano blockchain.
Vodafone is the seventh-largest telecommunications company in the world, with more than 353 million worldwide users, 30.81 million of which are served by Vodafone Deutschland in particular.
Finally, Cardano’s adoption numbers were on the rise before Vodafone’s announcement, with the blockchain adding an average of 2,446 new crypto wallets between June 1 and June 21, Finbold reported last week.