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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

After Raising $2.6M, Gal Gadot Backed DEX Launches NFT Marketplace

Cory Russell

Mar 31, 2022 11:06

The goal of the new NFT marketplace is to attract more users to the ecosystem while also increasing the value of the native token ASW.

Key Takeaways:


Today, AdaSwap launched ADANFT, its NFT marketplace.


ADANFT will address a fundamental problem with 'poor curation' noted on other marketplaces.


AdaSwap will promote its token ASW through the marketplace.


The Cardano-based Decentralised Exchange (DEX) AdaSwap announced its NFT Marketplace, ADANFT, in a press release, first hinted at by FXEmpire earlier this month.


Lower gas fees will be one of the marketplace's attractions, which ADANFT will use to entice traders and encourage NFT minting on the network.


How Be Will ADANFT 'Different'?


According to AdaSwap, the NFT marketplace was created to address a significant issue of "poor curation," which other marketplaces like Opensea, Magic Eden, Raible, and others face.


They plan to do so by involving their community in the selection process. Individuals who own AdaSwap's native token, ASW, will be able to vote on which NFT collections should be included.


The community will vote on their favorite NFTs of the week, and only the most popular collections will be added to ADANFT's offers due to the voting.


As a result, ADANFT will ensure that only those NFTs are put on the marketplace with a realistic chance of selling.


While ADANFT emphasizes its community-centric approach, it will also implement a tier-based classification system, with holders of the most ASW tokens receiving access to the most valuable and unique NFTs and other perks.


This may be their undoing, as competing marketplaces provide all dealers with an equal opportunity to obtain uncommon and valuable NFTs.


However, AdaSwap's CEO Lennon Qualmann said, "This appears to be a planned move on AdaSwap's part."


"By bringing forward new and innovative concepts, we hope to transform the way NFTs interact with traditional financial protocols and the way NFTs are traded."


AdaSwap's History and Prospects


As previously indicated, FXEmpire reported on AdaSwap's $2.6 million investment from various investors, including Gal Gadot.


This money was necessary for the launch of ADANFT and will continue to support AdsSwap's future objectives.


AdaSwap will have an AMM (Automated Market Maker) interface for its DEX, Stake & Forget protocols and bridges with Ethereum, BSC, and Casper chains.


Moreover, the introduction of this NFT marketplace could not have come at a better moment, as Cardano is now showing signs of its long-awaited bullishness, with a 56 percent gain this month, which will play a significant role in drawing investors to ADANFT.

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