Vodafone confirms rumors of Cardano NFT plans Vodafone confirms rumors of Cardano NFT plans

Vodafone confirms rumors of Cardano NFT plans

The telecom company's German arm plans to use the Cardano blockchain for its first NFT collection.

Vodafone confirms rumors of Cardano NFT plans

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Vodafone Germany, a major telecom company, announced plans to launch a series of Cardano-based non-fungible tokens on June 28.

Vodafone plans to release NFTs

On the company’s Discord channel, a representative stated:

“Yes, we are planning to release an NFT collection this year and want to utilise the Cardano chain for this.”

The representative said that Vodafone Germany chose the Cardano (ADA) blockchain due to its “community, sustainability, [and] cross-chain possibilities.”

The representative stated that Vodafone’s plans are still in the early stages. He said that the company has not decided what utility and benefits the tokens will carry but noted that the first 1,000 members of the Discord community will receive rewards.

He also suggested that the project is limited to Vodafone Germany at present but noted that the company is exploring ways to include international community members. The representative added that there will be no “whitelist” that restricts access.

The representative warned the public not to click on any airdrop links, which implies that any tokens that appear to be related to the project are fraudulent.

Rumors around Vodafone’s plans emerged earlier on June 27, when the company’s Twitter account linked to its Discord server in anticipation of its announcement.

NFT plans present an opportunity for NMKR

Vodafone is the world’s ninth-largest telecom company. The company brought in $52.2 billion of revenue in 2020, according to its annual report from that year.

As such, the project is a notable example of adoption, and it presents an opportunity for members of the crypto industry. Patrick Tobler, founder and CEO of the NFT creation platform NMKR, commented on the news on June 28. He confirmed to CryptoSlate that his company will be directly responsible for minting NFTs in Vodafone’s collection.

CryptoSlate also contacted Cardano’s official development firm, IOHK, to determine whether it is involved in the project. IOHK did not provide a response by press time.

Mentioned in this article