By Solomon Odunayo
A couple of hours ago, Charles Hoskinson, the CEO of IOG, who created Cardano (ADA), informed the community about the swift increase in the number of assets minted on the network.
Hoskinson updated the Cardano community in a viral tweet on 9th March. According to the creator of Cardano, 591 assets have been minted on Cardano in just 8 days into multi-asset era. However, the number now stands at 596 at the time of press.
Charles Hoskinson tweeted, “591 assets minted on Cardano and it’s only been 8 days. It’s going to be fun seeing this grow over the next few months: cardanoassets.com.”
591 assets minted on Cardano and it's only been 8 days. It's going to be fun seeing this grow over the next few months: https://t.co/dOlwwNt15A
— Charles Hoskinson (@IOHK_Charles) March 9, 2021
Cardano (ADA) Advanced Into Multi-Asset Era on 1st March 2021
The much-anticipated Mary hard fork designed to usher-in the multi-asset era played out on 1st March 2021 as slated. The major protocol update is designed to enable users to create new tokens and initiate multi-asset transactions directly on the Cardano blockchain, as much as the digital token ADA.
Now that the Mary hard fork played out smoothly, Cardano has now advanced into a more competitive position against the arch-rival platform, Ethereum that currently faces issues related to congestion and high gas fees.
Additionally, the Mary protocol upgrade has laid the foundation for more use cases on the Cardano blockchain, including stablecoins, decentralized finance (DeFi), and non-fungible tokens (NFTs).
Read Also: Charles Hoskinson Launches His Own Cardano (ADA) Staking Pool Called RATS Pool
In an email to Forkast.News regarding the significant milestone, Aparna Jue, product director of IOG said:
“Native Tokens are a crucial step in the rollout of smart contracts on Cardano, allowing businesses and developers to benefit from the increased security, flexibility and lower costs that a multi-asset enabled Cardano offers. Over the next few months, we expect to see a range of promising use cases for the utility of Cardano come to life.”
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