Cardano DEX CSWAP Partners with Ape Nation in “Long-Term” CNFT Projects

Ape Nation NFT sales have been pumping since the announcement.

Monkeys playing around on floating Rubik's cubes
  • CSWAP has announced a partnership with the Ape Nation NFT project.
  • Original Ape Nation NFTs can be staked to earn CSWAP tokens.
  • Ape Nation NFT sales have been pumping over the past 24 hours.

CNFTs, or Cardano NFTs, are non-fungible tokens on the Cardano blockchain network.

Sponsored

On February 27th, 2023, Cardano-based decentralized exchange (DEX) CSWAP announced a partnership with the Ape Nation NFT project. According to the DEX, Ape Nation aims to “build and lead one of the most recognized CNFT projects with true long-term appeal.”

CSWAP has not only announced the partnership with glee but also praised the Ape Nation team for its “unmatched tenacity and a commitment to excellence,” sharing some of the NFT project’s characteristics that the DEX reportedly admires.

Admirable Apes

CSWAP has shared a list of reasons the DEX admires the Ape-themed NFT project, including that the Ape Nation leadership “resurrected” the project from abandonment.

In addition, community centrism and passion for utility are more admirable characteristics of the Ape Nation, according to CSWAP. Moreover, CSWAP applauds the Ape Nation because NFTs can be staked to earn six different cryptocurrency tokens, and original NFTs can be “mutated” with “special vials.” 

With the new partnership, original Ape Nation NFTs can be staked “non-custodially” for stakers to earn $CSWAP. “NFT staking and ISPO (CSWP1/CSWP2) are the only ways to get pre-launch access” to the CSWAP token, per the announcement.

Sponsored

The Cardano DEX has also launched a “CNFTGiveaway” where the winner will receive a complete set of three Ape Nation NFTs, including original, V1, and V2 digital collectibles.

The partnership is expected to increase exposure to the NFT project and the DEX, with community members opining that CSWAP and Ape Nation will be “stronger together.”

Rise of the Nation of the Apes

Ape Nation is a collection of 9,999 NFTs minted on the Cardano blockchain.

In light of the new partnership, holders are aping into the project, with Ape Nation NFT sales spiking 378.20% and NFT transactions up 150% over the past 24 hours.

Cardano NFT sales have increased across the board over the last 24 hours, with the total NFT sales volume up 36.61% and the total NFT transactions on the network spiking 53,72%.

Despite notable developments across the Cardano ecosystem, including the launch of the DJED stablecoin and the announcement of multiple strategic partnerships, the price of ADA remains in the doldrums. At the time of writing, ADA is trading at $0.36, recording an 8.76% dip over the past month.

On the Flipside

  • The Cardano blockchain currently claims the #6 position for all-time NFT Sales Volume, according to CryptoSlam.
  • The hashtag ‘CardanoNFTs’ is currently trending on Crypto Twitter.

Why You Should Care

Slotting in sustainable partnerships is a step toward establishing Cardano’s NFT ecosystem among the higher-volume marketplaces.

Read more about Cardano’s previous ventures in the NFT space:

Snoop Dogg’s Son Releases ClayMates NFT Themed EP On Cardano (ADA)

Cardano (ADA) Founder Charles Hoskinson Uses Someone Else’s NFT as Profile Pic

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Monique Brelage

Monique Brelage is a South African cryptocurrency news reporter at DailyCoin focused on the Cardano (ADA) and Solana (SOL) ecosystems. She aims to convert complex topics into digestible and engaging news pieces for readers of all knowledge levels.   Before her journey with DailyCoin, Monique has immersed herself in the realm of NFTs and Web 3.0 since 2019. Her experience in multiple industries enables her to conduct critical analyses and convert it into her writing. She acknowledges the profound impact decentralization, Web 3.0 technology, and everything beyond will have on the future.   Monique completed a Bachelor of Communication from NWU in 2020. Her background in media studies, creative writing, and philosophy helped shape her method of news curation, thereby ensuring a broader perspective to help readers remain critical of what they see. Monique's articulation, writing quality, and work ethic are professional qualities she takes pride in.   Monique lives on a farm in South Africa with her partner and cat. She works on her NFT and tattoo art in her free time, and enjoys the natural world around her. She likes reading material that broadens her perspective, indie music, and video games to blow off some steam.