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How do KAKLAB and NFT change traditional market?

Published

3 years ago

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Today, blockchain is more than a technology. Not only has blockchain developed its own unique culture and values, but also begun to integrate with the traditional world. The unique code value in the cryptocurrency economic system began to extend to various cultural circles including art, music, movies, games, and many other fields.The global popularity of NFT assets is the most direct manifestation of this integration of culture and values. We perceived this integration and began to study the market value it has brought about and build an infrastructure to support it. Then the legend of KAKLAB started.

KAKLAB is created for digital content and cultural market, aiming to achieve a fair, safe, high-performance, scalable and versatile blockchain infrastructure. KAKLAB will be realized in two stages: building a distributed file storage system KAK File, and creating an NFT asset protocol through smart contract. In the first stage, KAKLAB will realize permanent storage of digital content achieved by IPFS underlying protocol; in the second stage, KAKLAB will realize multiple NFT-related protocols, cross-chain transfer, DApp development, etc. achieved by smart contracts.

NFT has grown with sub-categories. In the next 3 years, large sectors such as games, art, sports, collections, social and virtual world will be derived into different subculture circles.

The reason is that NFT has different effects on different sectors. We will use several cases to illustrate this.

1）Advantages of NFT Collections

A. More forms

There are many types of traditional collections. Take star cards for example. In addition to star pictures with basic information, NFT star cards also come in the form of short videos or GIFs, thus making star cards more diversified and attractive for collectors.

B. Less storage difficulties

Physical collections may be oxidized or damaged during the preservation process. Once NFT collections are digitalized on the chain, there will be no storage or transportation problems. NFT assets can be stored in digital wallets that greatly reduces the collection threshold and attracts more players. In addition, the stronger liquidity of assets on the chain gives NFT collections more ideal investment attributes.

C. Less copy risks

Because of the imperfect regulation of collection trading market, fabrications are likely occurred in the secondary market, so that players may buy very low-cost fakes at high prices. With the help of smart contracts, the origin and transactions of each NFT collections can be tracked, ensuring the uniqueness and tamper-proof, and eliminating the possibility of fraud.

2）Advantages of blockchain games

A. Players own the assets

In traditional games, the ownership of game assets belongs to developers, who can transfer or change assets at will. However, in blockchain games, game assets exist in the form of NFT through smart contracts, and users can truly own the game assets.

B. Permanent and secure data storage

In traditional games, there is a risk of being tampered with that many well-known games have fallen because of this. However, blockchain games are based on blockchain technology that data can be permanently stored and cannot be tampered with because hacking and attacking distributed ledger requires very high costs.

C. Open source development

Code of traditional games is not open source, that is, rules were made by game manufacturers. However, blockchain games are peer-to-peer ecosystems. The code of blockchain games is open source that developers have full creative freedom.

3）Advantages of crypto artworks

A. Lower costs and higher liquidity

In the traditional art market, trading places are limited to galleries, auction houses, etc., through intermediaries. The disadvantages are obvious: high circulation costs, low exposure, strict restrictions on time, region, and people. Then the high liquidity of the NFT can bring economic benefits to art trading market.

B. Creators earn copyright income

The exhibition and circulation information of NFT artworks will all be recorded on the blockchain, which is convenient for reviewing and tracking. NFT protocols such as ERC721 clarify source and ownership of artworks, so that creators of NFT artworks can still get the resale dividend.

4）Digital identity realized by community NFTs

A. The identity value of community NFTs

NFTs issued by the community creators encourage people to contribute to the community. Only specific members hold NFTs are eligible to enter core areas, such as online discussion group to achieve voting, management, information or services, etc.

B. Value of community NFT

Community NFTs will gain value support in the continuous development of fan economy. Taking personal community NFT as an example, fans can access the issuer’s works on all social platforms. The higher the personal influence is, the higher the price of NFTs will be.

KAKLAB has already cooperated with several companies in the traditional industry to develop a series of blockbuster NFT IPs. In the near future, more and more famous works will release its own NFT products.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Bitget Lists Alephium (ALPH), Elevating the Landscape of Blockchain Scalability and Efficiency

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1 min ago

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April 19, 2024

By

–News Direct–

Bitget, the worlds leading cryptocurrency exchange and web3 company, announces the listing of Alephium (ALPH), a groundbreaking sharded L1 blockchain, poised to revolutionize the landscape of decentralized finance (DeFi). With its innovative architecture and commitment to scalability, security, and energy efficiency, Alephium represents a significant advancement in blockchain technology.

Alephium (ALPH) introduces a novel approach to blockchain scalability by building upon Bitcoins Proof of Work (PoW) and Unspent Transaction Output (UTXO) model. Leveraging its proprietary sharding algorithm called BlockFlow, Alephium achieves exceptional performance without compromising on security. This sharded design allows Alephium to process over 10,000 transactions per second, setting new standards for throughput in the blockchain industry.

Alephiums architecture is designed to provide a seamless user experience while ensuring the security and integrity of the network. By utilizing a stateful UTXO model and Directed Acyclic Graph (DAG) data structure, Alephium enables efficient and practical sharding, paving the way for a new era of high-performance decentralized applications (dApps) and financial services.

Bitget is intensifying its focus on fortifying its spot market presence. Our proactive strategy involves identifying and fostering early-stage projects with promising potential, enabling more crypto gems to shine brightly upon listing on Bitget. This approach has firmly established Bitget as a leader in providing a wide array of asset options. Remarkably, it has introduced 186 new listings in the current quarter alone.

For more information, please visit: https://www.bitget.com/support/articles/12560603808325

About Bitget

Established in 2018, Bitget is the worlds leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Contact Details

Bitget

Rachel Cheung

[email protected]

Company Website

https://www.bitget.com/

View source version on newsdirect.com: https://newsdirect.com/news/bitget-lists-alephium-alph-elevating-the-landscape-of-blockchain-scalability-and-efficiency-555233551

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Press Release

Bitget Wallet Rolls Out BWB Points Airdrop, Strengthening Collaboration with Ethena

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1 min ago

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April 19, 2024

By

–News Direct–

Bitget Wallet , one of the largest Web3 wallets in Asia and recognized globally, has partnered with Ethena, an Ethereum-based synthetic dollar protocol. Following this collaboration, users, who deposited at least 100 USDT over the past three months on Ethena will receive BWB points airdrop. In the future, the BWB points will be enabled for converting into BWB tokens after the airdrop campaign concludes. Ethena also announced that users locking its USDe stablecoin for at least 7 days on the Bitget Wallet would be eligible for a 20% reward boost.

This collaboration allows users to engage with Ethena via Bitget Wallet's browser extension and mobile application, making it simpler to manage token transactions, exchange USDe, engage in staking, and join the Pendle campaign . Users can also deposit ENA tokens into Pendle to either earn points or secure advantageous fixed rates. Ethena is now accessible through Bitget Wallet's DApp browser on mobile, streamlining user interaction.

Bitget Wallet recently has also launched the BWB Ecosystem Partner Program to foster participation within the DeFi space and promote the growth of collaborative projects. This initiative unites more than 70 blockchains and projects, including Ethena, and rewards active users with BWB Points. The BWB token will start its Token Generation Event (TGE) and Initial Exchange Offering (IEO) in the upcoming second quarter.

This month, Bitget Wallet kicked off a BWB Points airdrop campaign targeted at Ethena users who have transacted at least 100 USDT in the past three months. Qualified participants are granted BWB Points, which can be converted into BWB tokens in the future, the primary token of Bitget Wallet's ecosystem. The airdrop, running until April 28th, is open to both new and existing Bitget Wallet users and active users of other prominent Web3 wallets and includes specific wallet tasks to boost point accumulation.

Bitget Wallet announces this collaboration following Ethena's robust performance in the past month. Ethena's USDe stablecoin became the top-performing decentralized application in terms of earnings shortly after its release in mid-March, offering a 67% annual percentage yield (APY). The current APY on its stablecoins stands at 24%.

Ethena's USDe is the first censorship-resistant, scalable, and crypto-native money solution, fully backed and transparently recorded on-chain, allowing for seamless integration across the DeFi ecosystem. The stability of the USDe peg is maintained through delta hedging, which offsets derivatives positions against the protocol-held collateral.

About Bitget Wallet

Bitget Wallet is Asia's largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.

For more information, visit: Website | Twitter | Telegram | Discord

Contact Details

Bitget

Rachel Cheung

[email protected]

Company Website

https://www.bitget.com/

View source version on newsdirect.com: https://newsdirect.com/news/bitget-wallet-rolls-out-bwb-points-airdrop-strengthening-collaboration-with-ethena-361595353

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Press Release

KebApp Coin: Transforming the Food Industry with Blockchain

Published

1 min ago

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April 19, 2024

By

In an era dominated by digital transformation, KebApp Coin is at the forefront of revolutionizing the food industry through innovative blockchain technology. This initiative is particularly focused on decentralizing kebab shops, aiming to empower small business owners and heralding a new era of operational efficiency and enhanced transparency.

Dubai, United Arab Emirates, 19th Apr 2024 – In an era dominated by digital transformation, KebApp Coin is at the forefront of revolutionizing the food industry through innovative on chain  technology. This initiative is particularly focused on decentralizing kebab shops, aiming to empower small business owners and heralding a new era of operational efficiency and enhanced transparency.

KebApp Coin: Transforming the Food Industry with Blockchain

Central to the mission of KebApp Coin is the application of utilizing on chain mechanisms to streamline business processes and enrich the customer experience. By using token rewards to encourage the deployment of hardware networks, KebApp Coin not only enables decentralized data storage and Wi-Fi services but also builds a collaborative ecosystem. This setup encourages all participants to contribute and reap benefits, reinforcing a sense of community.

KebApp Coin differentiates itself by directly addressing real-world needs, providing tangible advantages to its stakeholders. The introduction of tokenized real estate funds for restaurant premises and ensuring interoperability with various food and kebab vendors, KebApp Coin simplifies transactions and nurtures loyalty among its users.

Moreover, KebApp Coin’s dedication to cutting-edge technology is evident in its integration of AI. Features such as AI-driven guidance to the nearest kebab shop and decentralized tracking of Real Estate Investment Trust (REIT) performance not only boost user engagement but also offer valuable data to investors.

As the landscape of cryptocurrencies continues to expand, KebApp Coin remains a key player in catalyzing transformation within the food sector. It envisions a global culinary revolution that promises a more inclusive and sustainable future, empowering small business proprietors to prosper within a decentralized marketplace.

KebApp Coin will soon be launching on Gempad and listed on MEXC and XT for anyone to be able to benefit from the rewards. 

Become a Kebappian!! 

Media Contact

Organization: Kebapp LTD

Contact Person: Muammer kocak

Website: https://kebapp.club

Email: [email protected]

City: Dubai

Country: United Arab Emirates

Release Id: 19042411147

The post KebApp Coin: Transforming the Food Industry with Blockchain appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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