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- A new innovative Cardano project has been unveiled to the community and its founder believes it could play a significant role in onboarding millions of users.
- The project seeks to limit the number of applications the average user needs to execute swaps, buy NFTs, stake, loan, and stay current with the latest projects.
A new project has been unveiled in the Cardano project. According to the founder, the latest innovative project has the potential to onboard millions of users to the Cardano project. Furthermore, the project dubbed Âtrium has the potential to increase the network’s decentralization.
The founder of the project going by username @bigpeyYT unveiled the project on X (formerly Twitter). Big Pey revealed that he has been working on this project for the past year, investing his capital and time after failing to get approval for Catalyst funding.
Atrium 🧵
Atrium is an application that will aggregate the entire #Cardano blockchain into one accessible experience that teaches you how to use it.
We will onboard millions of users to $ADA, write open-source smart contracts we can all use, and set the standard for UI/UX. pic.twitter.com/vltgGD4WJ1
— big pey (@bigpeyYT) May 9, 2023
Âtrium aims to be an all-in-one dashboard that teaches you how to use Cardano. The founder explains that Cardano users rely on centralized front-end applications to use any decentralized protocols offered. Âtrium will be an alternative interface. Above all, Âtrium will aggregate the entire Cardano blockchain into one accessible experience and teach users how to use the blockchain. Using Âtrium, users will not need to visit 7 applications to swap, buy NFTs, stake, loan, and stay up to date with the latest projects. In addition, an open-source project, it promotes decentralization on the Cardano network.
The developer explained that they had built two smart contracts. The first contract is Staking Baskets, and the second is User Account NFTs.
Staking Baskets are smart contracts that allow you to delegate to multiple pools at the same time, and earn Cardano tokens. User Account NFTs (UANs) are NFTs that are minted by a smart contract. Users will be able to choose a name for these NFTs, the contract will verify that the name can’t be minted twice. UANs are the foundation for the blockchain-focused social media.
With a personalized webpage for every user on atrium.io, users will be able to customize level-up, follow projects, connect with other users, receive funds under their NFT name, and customize NFT/webpage. Additionally, Projects can create their own page, and develop utility in the NFT.
The Staking Baskets and User Account NFTs are already complete according to the founder. Equally, the Âtrium dashboard alpha is complete and is undergoing testing and will be released next month.
After our alpha, we’re going to do an incentivized beta. You’ll be rewarded real Âtrium tokens for running a stakepool on our testnet, or for using Staking Baskets.
We need a lot of users in here to find bugs, so that we can squash them before our mainnet release.
The founder believes that this is a product that could help accelerate the development of Cardano. On top of driving new users to the Cardano network, the new project will strengthen the network’s native token ADA, pushing prices higher. At the time of press, ADA is exchanging for $0.25 after a 2 percent increase in the last 24 hours.
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