Kalamint To Go Live Tomorrow

Candaq, TZ APAC And Tezos

Kalamint Will Go Live Tomorrow

Kalamint will go live tomorrow and the first NFT’s will be up for sale soon. Kalamint sets itself apart by building a quality community of minting artists and by effectively battling plagiarism.

Kalamint is expected to have a great start since the Tezos NFT community has been growing rapidly over the past weeks. So, there’s already quite a buzz going in the NFT community and this weekend, the largest financial newspaper of Israel even covered Tezos’ NFT platform Hicetnunc.

Hicetnunc is increasing in popularity and is attracting a lot of NFT artists that take their first steps into the Tezos ecosystem.

These include artists with substantial following on Twitter, like Mario Klingemann, EclecticMethod, Refik Anadol, Angie Taylor, Joanie Lemercier and more. Anyone can mint an NFT on Hicetnunc and in the first three weeks, 10,000 NFT’s have been minted.

Kalamint is different from Hicetnunc in several ways and is best described as an exclusive gallery where a DAO-governed guild of experts onboard quality artists and prevent plagiarism.

On the first version of Kalamint, users can perform the following actions:

1. Create/Mint: Create NFTs native to Tezos leveraging the FA2 token standard.

2. Sell: List your NFTs on the marketplace by specifying a price in XTZ.

3. Collect: Buy listed NFTs to either add them to your collection or sell them later.

Later versions will include the creation of collections (limited editions), auctions, price discovery curves, and a DAO.

Kalamint Guild

Kalamint is what is known as a curated market. Like a gallery. This means that there is an authority on the platform that decides who can become an artist and this guild can act when there is a case of (suspected) plagiarism.

In Kalamint, this authority can be reformed by the majority. Kalamint is set to be a decentralized quality gallery. The authority is the guild and is formed by creators, collectors, and wardens.

Creators and Collectors can:

– Vote to add members to the Guild

– Vote to remove members of the Guild

– Suggest and vote on platform features

– Suggest and vote on reward mechanisms

– Screen artists who can mint and transact on Kalamint (verify artists)

Wardens will hold the following decision-making rights:

– Suggest artists to Guild members for verification

– Suggest verified artists to be removed from the platform

– Suggest Guild to be modified, pending vote from the Guild

Kalamint will have a:

“Zero Plagiarism Policy — We value the work that any artist does dearly and will not permit any form of copyright infringement in the platform”

Low transaction costs and #GreenNFT’s

An important financial incentive to enter the NFT community on Tezos is the fact that transaction costs on Tezos are extremely low. Currently transaction fees on Ethereum are out of control. At the time of writing, an average transaction on Ethereum costs $16.01.

A basic transaction on Tezos costs $0.0017 and a more complex transaction like minting an NFT, will be done under $0.40. With a tps (amount of transactions per second) of ~121, Tezos has a capacity that is 8 times that of Ethereum, which has a tps of ~15.

But even if Tezos’ transaction volume continues to grow exponentially, as it has been doing over the past 9 months, Tezos will be able to anticipate and adapt to the markets demands. Tezos’ on-chain governance model allows it to evolve fast.

In the past 3 years, 5 upgrades have improved tps twice, lowered transaction costs twice and added privacy and a feature called ‘Tickets’ which allows a more efficient way of transacting tokens.

Additionally, Tenderbake will introduce improved finality to the Tezos blockchain, allow better scaling and increase the tps by large margin. Tenderbake testnet has been live for almost 6 months, and could very well be on mainnet this year.

Besides the financial incentive to mint, sell and trade NFT’s on Tezos-based platforms, there is another important reason for NFT artists to start minting on Tezos: a more ideological motivation.

Tezos’ is a Proof of Stake (PoS) blockchain and uses a substantial less amount of energy compared to Proof of Work (PoW) blockchains like Ethereum.

Environmentally inspired hashtags are going mainstream on Twitter, such as #GreenNFT and #CleanNFT like Mr.doob uses here to go with his first Hicetnunc NFT. This shows there is a big motivation to go for a PoS chain like Tezos. Here we see an example of such thoughts from John Karel:

Here is another example of this way of thinking from Thomas Lin Pedersen:

What else to look forward to

Ethereum-based NFT platform Opensea has announced to add Tezos-based NFT’s soon. This will quite likely take place in March.

TezAuction is an NFT platform that is in heavy development currently and is planning to launch on EDO testnet next month.

And last but not least, the @thealchememist, who sold 16 NFTs for 12,396 tez (over $50,000 at today’s price), will launch an NFT puzzle game to go with his personal auction platform.

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.