Press Release

KAKLAB, Born for NFT Metadata Storage

Published

3 years ago

April 5, 2021

From February 2021, NFTs have continued to heat up. Traditional giants including Christie’s auction house, NBA, and LEGO have deployed NFT scenarios, which can be seen as the best combination of traditional industries and blockchain technology. Then technical flaws are emerging with NFT popularity. In addition to liquidity of NFT, the storage of metadata is one of the biggest pain points. At present, the metadata of a large number of NFT works are stored in centralized off-chain servers that a server failure or data loss may cause instant disappearance of value of these NFTs.

KAKLAB is a blockchain system developed to solve the problem of NFT metadata storage, whose underlying technology of file storage is realized through IFPS, which can be regarded as an incentive public blockchain of IPFS. But the biggest difference is that KAKLAB smart contract carries virtual machines to realize functional replication, so as to establish a complete NFT ecosystem, including NFT issuance, trading, and financial derivatives. It can even carry out the segmentation and reorganization of NFTs, thus enhancing the liquidity. Therefore, KAKLAB can be regarded as a combination of Filecoin and FLOW.

KAKLAB had finished market survey in the beginning of 2020 and entered the technology research and development phase at the end of 2020. From the leaked information, it is expected that the Mainnet of KAK File will be open sourced in mid-2021 and virtual machines and smart contracts will be launched before the end of 2021. At present, KAKLAB is in contact with several investment institutions, it is also opening up investment quotas for community groups. Relevant information can be consulted through official mailbox.

The content and metadata of NFTs are stored separately from the NFT smart contract. For example, if you buy an NFT, the token itself is stored on the blockchain. However, because large files such as videos cannot be stored in the current blockchain systems, media related to tokens are usually stored off-chain.

That is to say, the data of NFTs is decentralized, but media corresponding to NFTs adopt off-chain storage, with only hash value data of these files stored in the NFT metadata. The storage method of NFT is determined by the artist or the platform, which means that the corresponding photos, videos and other files of NFTs may be stored on a centralized server. The off-chain storage location of an NFT is usually an HTTP URL link, which links the file to a specific site controlled by the data owner. If an NFT relies on the metadata of the HTTP URL, this means that it is impossible for NFT holders to own the NFT, because issuers need to continue to maintain the server to make this NFT meaningful. In other words, once the servers shut down, the content of this NFT will be disappeared.

KAKLAB uses distributed storage to achieve permanent storage and uniqueness of NFT metadata, which to a large extent guarantees the security and scarcity of NFT assets. Nodes become storage service providers by staking KAK, who provide hard disk space for file storage and obtain income within a specified time. Therefore, KAKLAB is a project that uses hard disk storage space for mining. In view of the current popularity of Filecoin, once the KAKLAB Mainnet is launched, FIL’s crazy rise will reappear again as an upstart in the NFT field.

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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

The UK small cap re-rating opportunity – VT Downing Small & Mid-Cap Income Fund

Published

39 mins ago

April 24, 2024

Cloud PR Wire

–News Direct–

Josh McCathie, lead fund manager of the VT Downing Small & Mid-Cap Income Fund, tells Proactive's Stephen Gunnion he is optimistic about current market conditions, particularly in the UK.

McCathie noted that challenges such as inflation and interest rates are subsiding, potentially shifting to support the market. He highlighted the significant opportunity in the UK's small and mid-cap sectors, citing that the FTSE 250 is trading at a 22% discount compared to its long-term average and at a steep discount relative to the FTSE 100a scenario seen only twice in the past 20 years, historically followed by strong performance in small and mid-cap stocks.

McCathie acknowledged threats from geopolitical tensions but emphasized the greater potential returns in the small and mid-cap space, pointing to expected earnings growth and dividend returns. He differentiated the VT Downing Small & Mid Cap Income Fund by its exclusive focus on small and mid-cap stocks, contrasting with other funds that focus on larger caps. He also discussed the overlooked dividend potential in smaller companies, suggesting that despite being perceived as growth-focused, they offer substantial dividend opportunities.

Celebrating three years as the lead manager, McCathie reviewed the fund's performance, noting significant outperformance relative to other small-cap mandates and overall positive results despite some challenges in 2023. He advocated for investing in UK equity markets, citing the potential for strong returns and robust dividend yields as reasons for optimism.

Contact Details

Proactive UK

Proactive UK

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/the-uk-small-cap-re-rating-opportunity-vt-downing-small-and-mid-cap-income-fund-764593393

Downing LLP

COMTEX_451344751/2655/2024-04-24T11:05:24

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Press Release

The Future of Sustainable Crypto Mining on Solana?

Published

39 mins ago

April 24, 2024

Cloud PR Wire

Baked Beans on Solana is set to launch a groundbreaking presale for the Baked Beans Token on April 23rd via Pinksale.

This token is the cornerstone of an innovative ecosystem that combines high-yield mining with sustainable and gamified features. With a strong focus on community-driven governance, long-term sustainability, and unique engagement methods, Baked Beans on Solana is positioned to become a leading name in the crypto space.

Ecosystem Overview

The Baked Beans ecosystem centers around several key elements: The Baked Beans High-Yield ROI Miner, The Baked Beans Store, Baked Beans Mini-Games, and The Baked Beans Token.

These features are designed to create an interactive, profitable, and sustainable environment for investors.

High-Yield Miner: The Baked Beans Miner offers daily compounding interest, with an APR of up to 4.9%. Users can “re-bake” to compound their returns, maximizing their earnings over time.
Baked Beans Store: The store allows investors to use Baked Beans Tokens to purchase items like Buffs (temporary APR boosts), Gems (permanent APR increases), and other powerful upgrades.
Mini-Games: These daily games give users a chance to win additional rewards like more tokens, buffs, gems, or even a doubled mining output.

Sustainability and Governance

Sustainability is a top priority for Baked Beans on Solana. To maintain a stable and sustainable ecosystem, the platform incorporates a debuff system. These debuffs are mechanisms that can be applied globally or locally to help control inflation and ensure stability in the miner. They can reduce ROI to manage excess profits and promote a healthier economic balance within the ecosystem.

The project also uses buy-back and burn strategies funded by miner fees, reducing token supply and stabilizing market prices. Community governance ensures all major decisions are made through a democratic voting process, allowing users to have a voice in the project’s direction.

Why Join the Presale?

High-Yield Returns: The Baked Beans Miner offers substantial daily returns, made even more lucrative through daily compounding.
Debuffs for Sustainability: These unique mechanisms ensure the miner remains balanced and sustainable, even during high yields.
Gamification and Interaction: The platform features engaging mini-games and unique store upgrades purchasable with Baked Beans Tokens.
Community Governance: All major decisions are made via community voting, promoting a sense of ownership and trust.
Strong Partnerships: With key partners like Coinbound, CryptoVirally, DexView, and Pinksale, the project has a solid foundation.
Security and Compliance: The team is KYC’d, and audited for safety and transparency.

Don’t miss this opportunity to be part of the next big thing in the crypto world. Join the Baked Beans Token Presale on April 23rd and Bake Your Future, Today!

*The Baked Beans on Solana Ecosystem including The Baked Beans Token and The Baked Beans ROI Miner are not associated to or affiliated in any shape or form with the Bakehouse Baked Beans Miner on the Binance Blockchain.

Website: https://www.bakedbeans.com/

Telegram: https://t.me/Bakedbeanstoken

Discord: https://discord.gg/pYc5r7h7

LinkTree: https://linktr.ee/bakedbeanssolana

Contact Email: [email protected]

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Press Release

Ilika chief executive Graeme Purdy discusses 2024 revenue growth and strategic milestones

Published

39 mins ago

April 24, 2024

Cloud PR Wire

–News Direct–

Ilika PLC (AIM:IKA, OTCQX:ILIKF) chief executive Graeme Purdy discusses a trading update and the latest company milestones with Proactive's Stephen Gunnion.

Purdy highlighted that Ilika's financial performance for the year ending in April is expected to be in line with projections, noting a significant revenue increase from 0.8 million the previous year to approximately 2 million. This growth is largely attributed to grant support for their Goliath development programme. He provided an update on the Goliath batteries, mentioning that they had reached a milestone in late 2023, which allowed them to start producing P1 prototypes for external evaluation. These prototypes are currently being tested, with results expected to be shared with partners soon.

Additionally, Purdy touched on achieving lithium ion parity with their Goliath batteries, marking a significant technological advancement. He also discussed the progress with their Stereax product following a tech transfer and licence agreement with Cirtec in the USA, which is moving forward with the initial production line installed and operational.

Purdy said investors can participate in a Q&A session with Ilika on 26 April at 11am BST on the Investor Meet Company (IMC) platform by registering here: https://www.investormeetcompany.com/ilika-plc/register-investor