Hi Guys! We’re excited to connect today and learn more about the Kalamint Project! Can you tell us more about the creation of Kalamint and the problem you raised?
For sure! Thanks for having us here. Kalamint actually began as a dream of co-founders Sandeep Sangli and Harsha Bakku with the idea of creating an art platform where art would be inspired by the people and ruled by the people. The name “Kalamint” is derived from the Indian artist Kalakar and the process of storing works of art on the blockchain in a process called “coin minting”.
The team previously had experience working with companies on the Tezos platform before launching Kalamint. We were amazed at the protocol upgrades that were being rolled out at a rapid pace and the strength of the community. At the same time, we saw gas fees skyrocket on Ethereum and noticed conversations about energy usage and the harmful aspects of certain blockchains on the environment. Between new artists who couldn’t even afford to shape, a secondary market that wasn’t profitable, and a real concern for the future of the ecosystem, it was a no-brainer for us to build an NFT marketplace on Tezos. It was a solution that combined solutions for the gas, a secondary market and the environment in one. So we took the next step and started prototyping in Q4 2020, but we really wanted to listen to feedback from our early community. They told us we weren’t ready. We listened and delayed our first launch and decided not to create a platform just to collect a check but to “get things right the first time”. One month later, on March 23, 2021, we released the Kalamint beta version.
Could you please give us an overview of the most important things about kalamint?
- Connect artists and collectors around the world in a safe and energy efficient way.
- The authenticity of the artists helps ensure that the actual owner is rewarded and that scammers are removed from the equation.
In a verification process before users can mint with Kalamint, we place great value on the accuracy and authenticity of the art.
- It’s also pretty unique that we all store our data on the blockchain in order to stay true to technology.
Anyone who owns an NFT on Kalamint can access the information as long as the Tezos chain exists. No need to worry about a separate server on which data can be retrieved from or damaged systems. It’s all right on the chain forever.
How will kalamint affect the crypto space or the world through 2020 and beyond?
It is very easy to dream about the future. We have big plans, of course, but given the rapid pace of development in cryptocurrency, all we can do is prepare to adapt when things come our way. Our plans are not to set the world ablaze and claim to build the best NFT marketplace. We plan to bring NFTs into the mainstream where they are so readily available that the average user won’t even realize that NFTs have become a part of their everyday life.
Now, can you tell us a little bit about your successes so far and about the history of Kalamint? Please tell us what you are most proud of.
I am glad you asked! We have had a lot of innovations since the start. From the sale on the launch day to the announcement of the largest partnership for us to date, we are proud of many successes.
We just announced a partnership with PangeaSeed, one of the world’s largest ocean-based environmental foundations! They bring with them an all-star cast of 28 of the most famous artists including Yuumei, Ted Chin, Claire Droppert, Von Wong, Jon Burgermann, POGO, Tre ‘Packard and many more, with a collective following of more than 3.2 million ! That’s an amazing exposure for any move! It is certainly a strong statement to the world and the NFT community that it is possible to shape art in the chain and still consider the environmental impact of blockchain technology.
Now, give us a brief look at the future of Kalamint. For example, what new things would you like to bring to life and what does this mean for the overall project?
Art is just the first step into the world of NFTs. The idea that everything that is bought or sold can be symbolized and carried out through a smart contract is our goal. The idea is to make the world more efficient, reduce the environmental impact and have a sustainable system that can adapt to the ever-changing world of technology. We will of course work on the ability to work with other blockchains as well. We want users to be able to bring their tokens to our platform and work effectively with the Tezos blockchain without the negative aspects of other chains.
We hope that with auctions currently available on testnet and a solid platform to build on, we can change the world one NFT at a time. Eventually, buyers and sellers will exchange small pieces of information to prove ownership of a piece of land, art, or anything else of value that can be performed through a smart contract without lawyers and middlemen.
What is Kalamint’s position on the NFT room and how do we ensure that this room does not leave an ecological footprint?
NFTs are really gaining traction. The problem is, the NFTs in the Proof of Work chains not only result in artists and buyers paying ridiculous gas and coin fees, but they also have a real impact on the environment. For every transaction in a PoW chain, the “miners” in that chain compete to claim the gas fee. The mining equipment uses enormous amounts of energy to compute the math equation before adding it to the chain. Only one miner will be awarded but all must expend the energy to take part in the race.
Kalamint is on the Tezos blockchain. It’s a tried and tested proof-of-stake chain that requires little more than a standard desktop and reliable internet connection. Embossing a work of art can cost as little as seven cents, and the energy consumption is comparable to sending a tweet on Twitter. Instead of miners they are called “bakers”. Bakers need to get some of their Tez “on the line” to avoid attempting malicious transactions. This means that you don’t have to compete, just calculate the right transaction and significantly reduce the environmental footprint.
Tell us about your team. Who are the people behind the scenes?
Any project or company is only as good as its team. The Kalamint team is currently spread across the US and India. While much of the development and growth has been based in India, we’ve set up a Rockstar operation in the US. As a young team hungry for more, we look forward to what’s in the pipeline. We are growing and plan to expand our operations in both the US and India in the near future.
Which partnerships has Kalamint entered into so far and which are the most effective?
We have some things in the works that we can’t talk about publicly yet. We can assure you that there is a lot of excitement ahead of you over the next few months. Obviously, PangeaSeed is a big deal not only for us but also for the crypto community. It’s a phenomenal cause with real effects. We hope it emphasizes that it is possible to have your cake and eat it on kalamint too. With that, we have teamed up with some world-famous artists that we haven’t announced yet, as well as several other organizations for future collaborations. Last but not least, we try to position ourselves in such a way that we can participate in exchanges that may be interested in opening our own marketplace or gallery.
The name of the game is interoperability and we plan to win.
On the technical side, why did you choose the Tezos blockchain instead of the Ethereum blockchain, for example with regard to Kalamint?
A combination of all the previously discussed solutions offered by the Tezos blockchain undoubtedly makes it very cheap compared to Ethereum. Price, speed and energy efficiency. We keep hearing about 2.0 and Layer Two solutions. At Kalamint, our focus is not on what could be done, but rather on what solutions we currently have. Will there be a seamless transition to 2.0? Will the developers have to re-code everything they built on Ethereum if not? There is even talk of a miners’ strike and threats to bring mining power to 51% as a show of force. We are not interested in the drama or the fistfight. We are interested in building a platform that is designed to last. The Tezos blockchain has already implemented six upgrades that are more than any other chain put together. If we can now offer solutions for cooperation with our platform and let them join us, that’s just the icing on the cake!
When people want to follow you on your social media pages, visit your website, or read your important documents, what links do they need to visit? Please list them below.
Thank you for your time! Do you have anything to add before we finish?
Personally, I would like to thank our team, who work tirelessly behind the scenes. We’re still in the infancy of technology and they certainly strive to make our platform the best available. We have seen the shortcomings of other platforms and they are eager to do something better. We know that one day we will be able to change the world, one NFT at a time.