NMKR to integrate Djed into its product ecosystem

We are pleased to announce that NMKR, the world’s leading brand to enable NFT interaction on Cardano, is adding Djed to its NFT marketplace.

NMKR equips artists, creators, developers, and brands alike to efficiently create, manage and scale digital art. Through its NFT Marketplace, artists and NFT enthusiasts will be able to transact efficiently through a secure platform. Djed will be an option for users on the platform. By integrating Djed, users will utilize the stablecoin while transacting on NMKR platform and product ecosystem.

NMKR has been a massive success since its inception in 2021: More than 10 thousand projects were created on Cardano, and nearly 700k NFTs were minted. NMKR has announced an innovative and ambitious roadmap for 2022 in their newest whitepaper, which shows their ability to continue pushing forward in an ever-changing market.

COTI’s CEO Shahaf Bar-Geffen said: “We are happy to collaborate with NMKR to explore potential synergies for the good of the Cardano ecosystem. We see this partnership as a means to provide more options to NFT buyers and sellers by integrating Djed as a payment method. We look forward to working with the NMKR team on further integrations.”

“NMKR always strives to empower end-users by tackling the issues around high transaction fees,” said Patrick Tobler, CEO and Founder of NMKR. “The integration of Djed will provide our users with a highly valuable yet efficient and decentralized payment option. By using Djed to transact within our product ecosystem, users can pay for goods, services, or products with a stable cryptocurrency.”

Djed, an algorithmic stablecoin that will be issued by COTI on the Cardano chain, will be released later this year. As our technical team continues to meet product milestones, we will be exploring innovative ways to ensure Djed’s full integration and utilization across the crypto ecosystem once launched.

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About NMKR

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NMKR is the world‘s leading brand to enable NFT minting on Cardano for a mainstream audience. The easily accessible interface and simple process provide a comprehensive digital art platform to mint, view, and trade NFTs. The platform operates on the Cardano blockchain, allowing the transaction fees to be as low as possible while having almost no environmental impact due to the Proof of Stake approach. The additional NMKR Studio service aims directly towards brands and companies to create a white label API solution by developing a branded NFT marketplace, trading platform, or launching a customized collection. NMKR has currently minted more than 800,000 NFTs.