Cardano’s Hoskinson Clears Air on NFT Project Affiliations

Charles Hoskinson delves into his perspective on Cardano NFTs, sharing why he stays sidelined.

Cardano Hoskinson in clear sky with NFT's.
Created by Kornelija Poderskytė from DailyCoin
  • Charles Hoskinson recently stirred drama by accepting an NFT art piece. 
  • The Cardano founder shared his policy on NFTs. 
  • Hoskinson added that he will never engage in business with NFT projects. 

Cardano Founder Charles Hoskinson has a very contentious relationship with the NFT sector, often causing drama with his bold moves. Previously stirring a storm for using someone else’s NFT as his profile picture, the rowdy founder finds himself again in the limelight, this time for personally accepting an NFT art piece. 

Given the NFT community’s reputation for blowing things out of proportion and hyping things up, Hoskinson quickly took to his social media forums to address his affiliation with NFT projects in the industry. 

Charles Hoskinson Talks Personal Policy on NFTs

In a video update shared on August 30, Charles Hoskinson delved into his perspective on the Cardano NFT ecosystem, sharing insights into his policy regarding the sector. The post came after the founder accepted an NFT art piece from the Ape Society as a gift during Rare Evo 2023

Clarifying his stance, Hoskinson emphasized that his acceptance of the NFT gift was not an endorsement. He further elaborated that he maintains a policy of refraining from personally holding NFTs or engaging in business with projects to uphold a neutral standpoint. Hoskinson added that despite receiving multiple offers, he never accepted compensation and will never do so. 

The crypto pundit expressed his admiration for many projects within the Cardano NFT ecosystem, highlighting that his mention did not equate to an endorsement. Hoskinson conveyed his appreciation for Cardano NFT projects, adding that he loved all of them and wasn’t playing favorites. 

On the Flipside 

  • Following Charles Hoskinson’s acceptance of the NFT art piece, the Ape Society’s average NFT price surged by 30%. 
  • Cardano NFTs recently outperformed Ethereum in NFT floor prices. 

Why This Matters

Due to the nascency of NFTs, the sector is highly speculative and sensitive to news. Charles Hoskinson’s decision to clear the air may have helped him narrowly avoid a disaster. 

Read how Cardano is attracting users despite bearish market conditions: 

Cardano Welcomes Over 250K Wallets Amid ADA Price Struggles

With Cardano showing some strength, will ADA pump or dump? 

Cardano Bulls Charge Toward $0.27: Fakeout or Breakout?

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
Insha Zia

Insha Zia is a crypto journalist at DailyCoin who specializes in NFTs, Metaverse, and Web Gaming. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.