Cardinal Protocol is a highly esteemed project based on the Solana chain that offers unique services like renting and conditional ownership of NFTs. Talking about the team – the project is backed by analysts who have been active in the sports for years, developing tools and platforms to gain an edge over others.
As discussed, Cardinal is a Solana-based protocol that enables conditional ownership of NFTS – the project utilizes it to power utilities like renting, staking, ticketing, and more like vestings and whitelist allocations for other protocols. This helps them emerge as one of the most prominent NFT scalability solutions operational across multiple chains.
They are one of the few non-custodial, on-chain staking service providers on the Solana chain. Currently, they have over 135k+NFTs staked on the platform across 300 pools. On the rental side, they are the largest on Solana with over 25k+ NFTs rented.
Cardinal is the only service provider on Solana to offer NFT ticketing services – they have already partnered with various events for this and have managed them successfully. The platform is a complete ecosystem in itself which offers almost every NFT service you may need and is a lot more efficient that its competitors.
The NFT marketplace is being developed and improved continuously in order to provide a better user experience to the users. Recently, they launched version 2.0 for renting system where the NFTs are returned back to the renting pool once a renting expires. There are various useful tools available on the platform, like sniper tools that can use a bot to mint NFTs and perform other such operations.
Currently, they are focused on growing and expanding across the Solana chain, but they soon plan to scale across other EVM-compatible chains. The major focus at the moment is to refine the platform and boost its user base across the Solana ecosystem.
For more details and regular updates, you can tune in to their socials. The links are as follows:
Twitter: https://twitter.com/cardinal_labs
