KAKLAB is a public blockchain for NFT. Before KAKLAB, FLOW is popular in NFT public blockchain field, aiming to solve high fees and congestion in public blockchains and infrastructures. However, another problem faced by NFT, the storage of metadata, still remains to be solved. One solution is that Filecoin can increase the function of token issuance in a short period of time, but the mainnet of Filecoin has been delayed for 2 years.
As a combination of Filecoin and FLOW, KAKLAB is the most promising NFT star project. It simultaneously solves the problems of NFT metadata storage, NFT protocol, high fees, transaction congestion and other issues. From KAKLAB's project progress, the file storage function KAK File will be implemented in mid-2021, providing storage services for ETH, FLOW, EOS and other public blockchains. In addition, Various NFT protocols will be implemented in the KAK Protocol stage. In particular, the NFT segmenting and recasting protocol will greatly enhance the current liquidity of NFTs. An NFT work worth 50 million US dollars is difficult to achieve high liquidity, but if it is divided into ten thousand NFTs, the liquidity can be increased by more than 10 times.
Like Filecoin, KAKLAB adopts the KAK pledge system to ensure the security of users’ data, which will not be maliciously deleted or lost or damaged. The difference is that KAKLAB uses the KPOS consensus mechanism to achieve mining and block generation. The deposits of these nodes will be added into Staking together and get block generation rewards. Under this mechanism, KAK holders without node identity can also share dividend by staking KAK, similar to the mechanism of ETH2.0.
In summary, KAKLAB can be said to be a master who integrates the advantages of mainstream public blockchain projects in the current market. However, mining revenue of KAK will be known after the release of complete economic model. However, the popularity of Filecoin and NFT this year indicates that KAKLAB will inevitably usher in a wave of rise after the mainnet is launched, because the natural demand for a large number of mining machines according to the deposit requirements. At this stage, the output is often less than the market demand, which is a very friendly model for early investors.
Many traditional industry giants have begun to enter in this field. KAKLAB will grasp this opportunity. It will first cooperate with traditional industries to launch the combination of NFT and traditional industries, realizing a public blockchain ecology with rich DAPP applications. Compared with the huge market value of Defi, the market value of NFT is currently in its infancy, but its future is unpredictable. Defi is likely to be only part of the NFT ecosystem then, and traditional collectibles, derivatives, IP culture and other markets will expand NFT market. Whether it can cooperate with giants become the most important link of KAKLAB expansion.