Kanaria: Is it a new NFT gem to hatch?
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NFTs or Non Fungible Tokens are digital collectibles that have significance to every crypto enthusiast in today’s era. These tokens are the new formulation of digital gemstones that you can literally see in any domain; it can be a pass for an easy access to a private site, art, digital real estate rights in virtual worlds, in-game items, copyrighted multimedia and more.
Despite the thousands of existing NFT products, there are still numerous networks that release their own version of NFT, trying to impress the public and attempting to impart a new flavour. One of these is the Kanaria from RMRK Association.
What is the RMRK Association?
The sudden hype of NFTs on Ethereum made Bruno Škvorc fund the RMRK network some time around September 2020. The main head of the association was from Croatia, used to be a web and flash developer on the famous Ethereum 2.0. However, the official team was just formulated in January, and was highly picked to raise the bar of quality of RMRK implementations, manage each area on the network and provide excellent service for the users.
According to the RMRK paper explainer, the name of the network is pronounced as “remark”. It is a protocol for adding logic to blockchains without on-chain logic (like smart contracts), inspired by colored coins from Bitcoin.
If you come to think of it, the definition was a bit complicated.
The ideas are still confusing, and I doubt if an average person would automatically get the objectives of RMRK. Basically, because of RMRK, custom messages get interpreted in a special way according to a predetermined specification, adding value where there technically is none — like NFTs and other custom data formations like polls, tokens, even entire websites. RMRK is a set of rules and standards for interpreting special data.
Some say that it has the potential. Besides, one of the traits that is truly remarkable, RMRK has the capability to cover hundreds of upcoming chains whether or not they have smart contracts built-in.
Not long after, the RMRK Association launched its own platform called “Kanaria”.
What is Kanaria?
The Kanaria platform is a tech demo and in-production test of the tools built to protect users and developers from the existing downsides of RMRK. Interested users could claim Kanaria digital eggs in exchange for KSM — a native cheap and eco-friendly NFTs without smart contracts.
I actually asked myself how these products are related. Kanaria is a collection of digital eggs that can be hatched for the utility. These NFTs hold a special place in attaining bonuses and customizable traits found in the platform.
Holding NFTs or the bird-like tokens, will give users specific rights, such as discounts, revenue sharing, and the opportunity to participate in the early RMRK incubation of projects, including other perks on partner blockchains throughout the Kusama and Polkadot parachain ecosystem.
At this point, I am getting more curious because of the catchy photos and objectives provided by the association.
To know more about Kanaria, I checked the upcoming fairdrop and limited sale for 910 Genesis NFTs on KuCoin, and here are the details you may read to better know the Kanaria.
The ‘Kanaria Fairdrop: Limited Sale for 910 Genesis NFT’, will be launched at 12:00 on June 21, 2021 (UTC), according to the official announcement released by KuCoin. Interested participants must register first on KuCoin before joining the said activity.
There will be three (3) stages available for registrants to join:
1. Welcome to Kanaria NFT Market!
Users will be able to directly claim their Kanaria NFT (Egg) on KuCoin with just one click. Like the NFTs sold on Kanaria’s official platform, each Egg could be hatched and generate a new NFT (Bird), and users who have successfully claimed the egg will receive a 431.49 RMRK reward each.
2. Join the Kanaria Party, 210 Eggs to be Shared!
KuCoin will inject 129,447 RMRK (separate from 210 Eggs) into a special pool. Users will be able to share the total rewards by staking KSM for over 20 days.
3. Hatching！
For each egg owner on KuCoin, their social reactions work like a switch. Users can only turn the switch on by completing the 3 missions below:
- Join RMRK and Kanaria telegram communities.
- Send a Red Envelope (worth 5 USD) to Kanaria’s Telegram group via KuCoin App
- Comment and retweet the Kanaria related tweet on official KuCoin Twitter
Well, these are just simple guidelines for users to join. Anyone has the chance to win a prize and get familiar with Kanaria. I don’t know about you, but I am looking forward to this one.
The claims of RMRK are interesting and I am excited to know what else this association can do in the NFT world.
