- Charles Hoskinson revealed he doesn’t have any NFTs.
- The reason is to remove any perceptions of partiality.
Cardano is among the top blockchains to some extent, and their NFT platform is among the top 10 NFT platforms. However, the Cardano founder Charles Hoskinson says he owns no NFTs for a particular reason. What could this reason be?
Cardano Founder and NFTs in the Cardano Ecosystem
- Cardano founder Charles Hoskinson, in a recently released video, made an explanation of why he rarely talks about NFTs or promotes them. Apparently, founders, CEOs, and executives in a crypto company often find it hard to maintain neutrality. Using one particular product from a brand or a protocol might come through as advertisement or support. In other words, posting about some particular NFTs might come through as a support for those NFTs.
- During this recent video, Cardano’s founder received questions regarding the Apes Society artwork prominently displayed in his Colorado office. Hoskinson had to make a clarification regarding the origin of that NFT. So, he didn’t buy it himself. It was a gift. Apparently, Hoskinson added he doesn’t involve himself with NFTs. Especially those coming from the Cardano ecosystems. But why should someone totally absolve themselves from a particular industry? Well, Cardano’s founder has a reason for this.
Cardano Founder Wants To Prevent Partiality in the ADA Ecosystem
- Before making decisions as weird as this, Cardano founder surely has a lot of reasons for this. Apparently, all of them are directly related to the Cardano ecosystem. Hoskinson doesn’t want to leave a trace of partiality on the ADA NFT ecosystem. He doesn’t want it to look like he is promoting a particular NFT by buying them. So, he decided it was better to leave the whole industry alone. The Cardano founder also made revelations of the several times he was made an offer for NFTs. Moreover, he rejected these offers.
- Secondly, another reason the Cardano founder is using this approach is due to the tribalism and close-knit communities that exist inside the Cardano NFT ecosystem. Apparently, Hoskinson doesn’t want to spoil something that took him years to build.
- Cardano NFT’s performance over the past number of days and weeks is between good and bad. However, the Cardano ecosystem is still among the top 10. In the last seven days, there’s an increase in the NFT sales, as it occupies the 8th position in the rankings. Moreover, there’s more than a 41% increase to stand at over $2 million in NFT sales in seven days. The 30-day data is quite bad, with more than a 31% decline. Also, the NFT sales within this period are just over $7 million.
Conclusion
Running a platform is not among the easiest things to do in the crypto industry, as it requires a lot to come out good. So, the Cardano founder Charles Hoskinson avoids NFTs due to a secret. He doesn’t want any association with any NFT to avoid partiality or bias.
Subscribe To Our Newsletter
Join our mailing list to receive the latest news and updates from our team.