Early Efforts

Early efforts while working in cardano-cli

Working in the terminal on Linux and macOS is comfortable enough for me. I've spent time focused on learning the general structure of commands, reading documentation, and creating scripts. Primarily this has been focused device discovery, mapping network footprints, and other efforts related to Cyber Security.

Changing focus a little bit I began learning to use cardano-cli, cardano-wallet, and other tools to perform tasks related to navigating on the Cardano blockchain. During this early phase this includes:

• Running a node

• Querying the blockchain

• Creating key pairs and addresses

• Creating full wallets

• Creating and sending single transactions

• Creating and sending multiple actions in a single transaction

However, I made an effort to understand more about working with Cardano native assets. This is initially to better understand the mechanics of them and later to be able to relate the actions required for corresponding programs built for those purposes.

Ultimately, the goal is to be able to establish, deploy, and run various projects on Cardano suitable for both recreational and enterprise use cases. The idea of enterprise NFTs and smart contracts fascinate me. I can see great future utility in how NFTs both serve as proof of ownership (for digital, real, or intellectual property) and for how they can better facilitate certain elements in business operations.

For now, I'm simply recording my journey through the process and declaring a proof of knowledge along the way.

Minting a Native Token

Token name: ViralNinja

Amount Minted: 10 million

Minting policy: locked shortly after minting

Proof of Minting

The transaction hash for minting is:

632187ebe1ad6c41dfb63c11a811a947fb84e698a03f2690aa732f783295584a

First Real NFT

NFT Names: Rough NFT 1, 2, 3

Minted in this transaction: 3

Policy: Locked after 10,000 slots from the minting transaction

Proof of Minting

The transaction hash for minting is:

1146f07a9777f5ca323ce2bc478f733721d15804573ff91291c247ab

Second NFT Minting (with Royalty)

Token Names: Rough NFT 7, 8

Number Minted: 2

Policy: Locked after 2+ million slots after the transaction (roughly 30 days)

Royalty Set: 20%

Proof of Minting

The transaction hash for the minting is:

eca56a05f792154bd97bc6e9237af45340c58acec8c7520917e47101

Additionally, the transaction information for minting and burning the royalty token is:

Token dc4e91485b01a72a82e3a04ee722afc1d3989ac9 - Cardanoscan

Rough NFT Royalty Token Minting and Burning

Current Phase Confidence

At the conclusion of this early phase I feel confident in being about to create the most common and most used forms of digital assets (also known as native assets) on Cardano, as well as being able to process a reasonably broad range of transaction types.

I would declare my confidence high on these actions.

I would declare my confidence moderate to practiced on creating scripts and other pseudo-programs for these actions.

Future Plans

Future plans include writing a Royalty Token pointing to a Plutus smart contract that directs the payments to two ADAhandle NFTs. I really wish this could be done just in the simple 777 standard (that is, pointing to an ADAhandle) but it doesn't appear that the blockchain will query the ADAhandle resolver on its own.

I will build a process to listen for transactions and then execute a set action. Such as, receiving a specified amount in a transaction to a specific wallet and then returning a prescribed reward or purchase. Also, I will begin putting these concepts into a program that can be run in a server for a better automated process.