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Cardinal

Last updated: Dec 01, 2022

Cardinal is a NFT infrastructure protocol facilitator it offers leasing, staking, and ticketing to increase the utility of NFTs. Launch your collection or integrate your protocols with the Creator Standard.

Cardinal raises $4,4 million

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Overview

Project industry	Blockchain Infrastructure
Product type	Protocol
Founded	United States
Whitepaper	Open

What is Cardinal

Cardinal offers a Solana protocol with use cases such as rentals, staking and ticketing to help improve the utility of NFTs. Rentals, for example, allow rented NFTs to physically sit in renters' wallets while maintaining the impossibility of default.

Cardinal launched the first version of its rental marketplace earlier in the year and "several thousand rentals" have already been executed through the platform. It expects to release the second version in the coming days with a redesigned user interface and experience.

The startup also offers "escrow-less" NFT staking, which allows stakers to continue benefiting from any utility their tokens offer. Among other verticals, we've seen this be especially beneficial to gaming projects that want to create staking initiatives for their users without compromising their ability to play the games.

While Cardinal is for now only focused on Solana, it plans to support other blockchains in the future.