Cardano’s Midnight Sidechain Promises Free NFT Transactions

Charles Hoskinson, co-founder of Cardano, teased the potential for free NFT transactions on the upcoming Midnight sidechain. He envisions these NFTs as access passes granting users a certain number of free daily transactions without paying fees using ADA. Hoskinson compared this concept to free accounts offered by Web2 platforms, suggesting it could attract more users accustomed to such services. The development is receiving momentum with active community engagement through hackathons and workshops since its announcement. The Midnight sidechain aims to combine privacy and regulatory compliance via advanced tools like zero-knowledge proofs and smart contracts. 12% of the Midnight community survey participants identified as blockchain developers, indicating a strong technical foundation for the project. This surge in interest coincides with Cardano (ADA)’s recent price increase, reaching $0.82 after recording a 4.51% jump in the last 24 hours, according to CoinMarketCap.