The First NFT Minting And Trading Platform On Tezos Launches Today: Kalamint
Kalamint – The new Tezos NFT minting and trading marketplace platform is due to launch today (18th February 2021).
Yesterday, we covered the success of the experimental NFT auction platform tzcolors. NFT’s of plain colors are being sold for prices up to $3,000.-.
One of the reasons for its success is the fact that transaction costs on Tezos are a lot lower compared to Ethereum. For auctions, this is crucial. If bidding itself costs you a good chunk of money, you will be a lot more hesitant to place a bid that might be outbid a few minutes later.
Who wants to spend $20.- for nothing? But on tzcolors, placing a bid only costs you $0.01. Result: people placing hundreds of bids per day.
Today, Kalamint launches. And Kalamint is the real NFT deal. With the emphasis on quality over quantity, expectations are high.
On the first version of Kalamint, users can perform the following actions:
- Create/Mint: Create NFTs native to Tezos leveraging the FA2 token standard.
- Sell: List your NFTs on the marketplace by specifying a price in XTZ.
- Collect: Buy listed NFTs and 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 DAO.
Besides low transaction costs, Kalamint sets itself apart in the way it builds a quality community of minting artists and in the way it battles plagiarism.
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 that 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
FA2 token standard
The NFT tokens will be created under the FA2 token standard on Tezos. FA2 can be described as a multi-asset interface for Tezos.
This means that FA2 tokens can be used for the creation of multiple purposes, while external applications and wallets can integrate them through one standard API.
ELI5: once a wallet or exchange has integrated FA2 tokens, they can simply store anything that is created under the FA2 token standard.
This includes NFTs for collectible assets, non-transferrable badges to incentivize behaviors, and multi-asset contracts containing thousands of different gaming items with interactive, transmutable behaviors.
Kalamint governance tokens
Kalamint will have government tokens called KALA tokens. The $KALA governance token will be airdropped to artists and collectors of the platform on a weekly basis.
To incentivize the holding of the coins, holders who stake their coins will be able to make proposals to The Guild and receive a percentage of the Fees of every sale on Kalamint.
Draper Goren Holm invests in Kalamint
Draper Goren Holm is a blockchain venture studio and fund created by Tim Draper, Alon Goren, and Josef Holm.
They invest in early start-ups and in 2019 they partnered with billionaire investor Tim Draper to build the next-generation blockchain venture studio and fund with a global focus. Draper Goren Holm announced their investment in Kalamint:
“We are extremely excited to announce this investment from our Venture Studio in the Kalamint team as well as our first check into India,” said Alon Goren, Founding Partner at Draper Goren Holm.
Our vision is a decentralized, borderless and distributed future in which artists, entrepreneurs and everyone can transact freely, no matter where in the world they are. The Tezos network enables this and we feel it’s our duty to amplify these opportunities.”
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