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Kumulus: Dropping 10,000 NFTs Into The Tezos Ecosystem

Kumulus is a project that will be minting NFTs on Tezos by using OpenMinter. Kumulus will be minting about 10,000 NFTs that will be released over the period of one year.

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Kumulus

Kumulus is a project that will be minting NFTs on Tezos by using OpenMinter. OpenMinter is a dApp framework which is developed by TQ Tezos. It is built on Tezos that allows anyone to mint their NFTs in a decentralized manner.

OpenMinter is much more than that though, it has a full suite of marketplace /auction contracts, including things like fractional ownership, swaps, royalties and more. You can find the complete OpenMinter SDK here.

One of the interesting features that TQ Tezos is working on to expand OpenMinter, is an SDK (Software Developer Kit) that will enable you to mint NFT’s in batches.

TQ Tezos is optimizing the contracts which will make it possible to mint NFTs in batches that include huge numbers. Without exaggeration, some minter-SDK NFT contracts allow users to mint as many as 10 trillion editions on Tezos.

Kumulus will be minting large numbers of NFTs on Tezos and thus found the perfect tool in OpenMinter.

They will be minting about 10,000 NFTs that will be released over the period of one year. They will mint and release batches of 1,000 NFTs regularly.

NFT Platform

Minting NFT’s is the first step. But to be able to sell NFTs, you’d need to display your NFTs on a platform and allow collectors to buy and trade them.

You could obviously build your own website where your NFTs are displayed and sold. The Alchememist was the first one to do so,  and his auctions were highly successful.

OpenMinter allows you to create an entire NFT marketplace, but although there are successful examples of artists that have created their own marketplace, it’s obviously not always the most effective way to sell NFT’s by creating a completely new marketplace.

Existing marketplaces already have made a name for themselves and they have an existing user base and potential collectors. So, tapping into an existing marketplace can sometimes be a sensible option.

Marketplaces that are built on OpenMinter, or are compatible with OpenMinter contracts, can add NFTs that are minted through OpenMinter.

Kumulus was looking for this option. The idea was to find an NFT platform that enabled them to implement their own OpenMinter contract. Additionally, they were looking for a platform that enables auctions.

They recently announced they would be using Bazaar Market for their launch.

Bazaar Market is a Tezos-Based NFT platform that allows users to offset emissions, and has just launched. It already has its basic version live.

Bazaar Market also launched a governance token called bDAO, which can be found on QuipuswapMore about Bazaar Market here.

Kumulus is likely to be dropping on multiple platforms and are also talking to NFT Button. This platform will go live in 4 – 6 weeks. You can read more about NFT Button here.

Charities

A big part of the revenue will go to charities. This way Kumulus will give back something and support organizations that work hard to keep our world a beautiful place to live.

All organizations that Kumulus will donate to are organizations that have set the goal to preserve ocean life, think of organizations like Sea Shepherd and Greenpeace.

Follow @KumulusP on Twitter for more announcements.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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