Blockchain Developer Input Output Global Announces Collaboration To Drive NFT Adoption on Cardano

Input Output Global (IOG), the blockchain company behind Cardano (ADA), is working with the Non-Fungible Token (NFT) ecosystem to drive NFT adoption.

Claiming to be the #1 NFT mining and payment infrastructure on Cardano, NMKR has built a Minting API for the new NFT ecosystem. press release from the company.

NMKR also plans to integrate new fiat currency payment options that will allow users to pay in traditional currencies in addition to cryptocurrencies.

IOG CEO and Cardano co-founder Charles Hoskinson said the collaboration with NMKR is an important step for his company.

We are thrilled to be working with NMKR as they develop an entire ecosystem of minting and payment infrastructure to make NFTs accessible to everyone.

Earlier this summer, renowned actor and comedian Martin Lawrence launched his first NFT collection using NMKR’s new Minting API.

sold out! #ADA #cardano https://t.co/oqNPKwfIII pic.twitter.com/7DmnzDGXW4

Martin Lawrence (@realmartymar) June 11, 2022

Cardano’s native asset, ADA, is trading at $0.5598 at the time of writing. The sixth-largest crypto asset by market capitalization is up 1.37% over the past 24 hours and more than 10% over the past week.

The NMKR token is trading at $0.0086 at the time of writing. Ranked 779th by market capitalization, the crypto asset is up nearly 13% in the past day and more than 1% in the past week.

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Featured image: Shutterstock/foxaon1987/Mingirov Yuriy