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How do KAKLAB and NFT change traditional market?

Published

4 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.

About Author

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

UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features

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24 minutes ago

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November 27, 2024

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UniJoin has updated its domain zone to ensure uninterrupted access and enhance user anonymity. The platform utilizes advanced CoinJoin technology, offering tools like a Bitcoin Mixer and Bitcoin Tumbler to anonymize cryptocurrency transactions. Key features include a user-friendly interface, Tor Browser integration, zero logs policy, and high-quality transaction mixing. UniJoin remains committed to empowering users with secure and private financial management in the digital economy.

London, United Kingdom, 27th Nov 2024 – UniJoin has taken a significant step to strengthen user privacy by adopting a new domain name, ensuring uninterrupted access to its services despite previous blocks. The platform leverages cutting-edge CoinJoin technology, designed to anonymize and make cryptocurrency transactions untraceable.

Commitment to Financial Privacy

UniJoin’s primary goal is to help users achieve and maintain financial anonymity. Through CoinJoin, the platform pools users’ crypto assets with others, effectively mixing them. Users then receive clean, untraceable coins, safeguarding their privacy and breaking any traceable links to their original assets.

About UniJoin

UniJoin is a leading privacy-focused cryptocurrency service, offering tools for users to manage their digital finances anonymously. While Bitcoin and other cryptocurrencies like Litecoin are inherently pseudonymous, UniJoin bridges the gap to true anonymity by utilizing advanced mixing technology.

UniJoin simplifies financial privacy while empowering users to analyze and manage their blockchain transaction history transparently. By connecting their wallet address, users can privately review activity with a level of control unmatched by traditional financial systems.

Key Features

  • User-Friendly Interface: UniJoin offers a seamless and intuitive process to switch to “Anonymous mode,” enabling users to conduct transactions without revealing their identity.
  • Tor Browser Compatibility: The platform integrates with the Tor Browser, allowing users to maximize their privacy when accessing UniJoin.
  • Zero Logs Policy: UniJoin prioritizes user privacy by ensuring no activity logs are stored, keeping transaction histories secure and confidential.
  • Advanced CoinJoin Technology: By employing CoinJoin, UniJoin provides a high-quality mixing method that enhances transaction anonymity and untraceability.

Why Choose UniJoin?

UniJoin stands as a robust solution for cryptocurrency users seeking to anonymize their transactions. By combining simplicity, advanced privacy tools, and a commitment to user confidentiality, the platform offers a reliable and secure environment for safeguarding financial privacy.

With its new domain and privacy-enhancing features, UniJoin continues to lead the way in helping users navigate the digital economy securely and anonymously.

 

Media Contact

Organization: UniJoin Co.

Contact Person: Sergei Pavlov

Website: https://unijoin.org/

Email: Send Email

City: London

Country: United Kingdom

Release Id: 27112420453

The post UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features appeared 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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Press Release

CoinChanger Introduces Private No-KYC Crypto Exchange Service

Published

44 minutes ago

on

November 27, 2024

By

CoinChanger enables fast, secure, and anonymous cryptocurrency exchanges without requiring KYC verification. With support for multiple cryptocurrencies and advanced security, it delivers a seamless and private experience. Visit CoinChanger to exchange crypto anonymously today.

United Kingdom, 27th Nov 2024 – CoinChanger is redefining the way users exchange cryptocurrencies with its innovative No-KYC Crypto Exchange service. Designed for those who value privacy and speed, the platform enables users to exchange digital assets without the need for intrusive identity verification processes.

A Game-Changer for Private Crypto Exchanges

CoinChanger eliminates the complexities of traditional exchanges by removing the requirement for Know Your Customer (KYC) protocols. This approach allows users to maintain complete anonymity while securely exchanging their cryptocurrencies. The service is tailored for anyone seeking fast, hassle-free crypto exchanges without sacrificing privacy.

Key Features of CoinChanger

  • No KYC Required
    Users can exchange cryptocurrencies without sharing any personal or sensitive information, ensuring full anonymity.
  • Fast and Reliable Transactions
    CoinChanger.cx delivers quick exchanges, enabling users to complete transactions within minutes.
  • Support for Multiple Cryptocurrencies
    The platform supports a wide range of popular digital assets, making it versatile and convenient for users.
  • User-Friendly Interface
    Simplified design ensures an easy and straightforward process for exchanging crypto, even for beginners.
  • High Security Standards
    Advanced security measures protect every transaction, ensuring a safe and trustworthy exchange environment.

Why Choose CoinChanger?

CoinChanger provides a seamless and private way to exchange cryptocurrencies, offering unparalleled convenience and security. With no KYC requirements, users can enjoy anonymous exchanges while saving time and avoiding complex verification processes.

Experience the future of private cryptocurrency exchange with CoinChanger. Swap your digital assets quickly, securely, and with complete anonymity.

 

Media Contact

Organization: CoinChanger

Contact Person: David Lundoff

Website: https://coinchanger.cx/

Email: Send Email

Country: United Kingdom

Release Id: 27112420458

The post CoinChanger Introduces Private No-KYC Crypto Exchange Service appeared 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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Press Release

World Gems and Fossils Leads the Charge for Ethical Sourcing in the Gemstone Market

Published

44 minutes ago

on

November 27, 2024

By

World Gems and Fossils Pioneers Ethical Sourcing Practices in the Global Gemstone Market

Oakland Park, FL, 27th November 2024, ZEX PR WIRE, World Gems and Fossils is proud to announce its leadership in promoting ethical sourcing practices within the gemstone market. As the demand for ethically sourced products continues to rise, the company is committed to ensuring that its gemstones are procured responsibly and sustainably, setting a new standard for the industry.

In a world increasingly focused on sustainability, consumers are becoming more aware of the origins of the products they purchase. World Gems and Fossils recognizes this shift and is dedicated to providing gemstones that not only meet the highest quality standards but are also sourced with a strong commitment to ethical practices. The company collaborates with trusted suppliers who prioritize environmental stewardship and social responsibility, ensuring that every gemstone in its inventory is ethically sourced.

World Gems and Fossils has implemented rigorous standards for supplier selection, focusing on transparency and accountability throughout the supply chain. This includes verifying that suppliers comply with ethical mining practices and prioritize the well-being of local communities. The company actively seeks out gemstones that are mined with minimal environmental impact, ensuring that the extraction process does not harm ecosystems or deplete natural resources.

In addition to supporting ethical sourcing, World Gems and Fossils is also committed to educating retailers and consumers about the importance of responsible gemstone procurement. The company provides comprehensive resources that highlight the benefits of choosing ethically sourced products, emphasizing the positive impact that such choices can have on communities and the environment.

“By leading the charge for ethical sourcing, we aim to inspire other companies in the gemstone market to adopt similar practices,” the spokesperson added. “Together, we can create a marketplace that values integrity and sustainability. This is not just about our company; it’s about fostering a collective movement towards responsible sourcing in the gemstone industry.”

World Gems and Fossils is dedicated to fostering long-term relationships with suppliers who share their values. By working closely with ethical miners and artisans, the company is not only ensuring a reliable supply of high-quality gemstones but also empowering communities involved in gemstone production. This commitment helps to promote economic development in these areas, allowing local artisans to thrive while contributing to the global gemstone market.

The company’s focus on ethical sourcing is expected to resonate with consumers who increasingly seek transparency and sustainability in their purchasing decisions. As World Gems and Fossils continues to champion ethical practices, it aims to set an example for others in the industry to follow.

By prioritizing ethical sourcing and sustainability, World Gems and Fossils is leading the charge for a more responsible gemstone market. As the company expands its offerings and strengthens its commitment to these principles, it looks forward to making a positive impact on the industry and the world.

About World Gems and Fossils

World Gems and Fossils is a leading supplier of high-quality gemstones and crystals, committed to ethical sourcing and sustainability. The company empowers retailers with responsibly sourced products and resources that promote integrity and environmental stewardship within the gemstone market.

Contact Information

Website: https://worldgemsandfossils.com

Location: 4326 NE 5th Terrance, Oakland Park, FL 33334

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Cloud PR Wire

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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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