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To learn more about this project, check out our deep dive into Kalao (KLO).

What Is Kalao (KLO)?

Kalao (KLO) is a non-fungible token (NFT) ecosystem built on Avalanche (AVAX), a layer 1 blockchain. It aims to accelerate the adoption of virtual reality (VR) technology and combines its own VR showroom with DeFi capabilities on its NFT marketplace. On the Kalao NFT marketplace, users can create, sell, purchase and collect NFTs. Furthermore, they can also showcase their NFT collections in a personalized 3D NFT gallery. By using Avalanche as its blockchain of choice, Kalao offers fast and secure transactions at low fees. Kalao also aims to integrate NFTs into real-world use cases by enabling users to exhibit their art, sell luxury goods through the marketplace, or even use it as an event ticketing framework. In the future, Kalao plans to build a metaverse called “The Citadel,” where users can buy or rent lands, promote their businesses, or invite people over for a virtual hangout.

Who Are the Founders of Kalao?

Kalao (KLO) was founded by CEO Hassan Benahmed and chief marketing officer (CMO) Efe (last name unknown). Although not much is known about the team behind Kalao, the project has an illustrious list of backers and investors that include Avalanche (AVAX), AvaLaunch, Maven Capital, OkEx Blockdream Ventures and Fantom, to name but a few. It has a particularly strong relationship with Avalanche, whose “vision fits perfectly with Kalao’s ambition,” in the words of Kalao’s CEO Benahmed.

What Makes Kalao Unique?

Kalao (KLO) aims to stand out by offering a fully decentralized, scalable and low-cost NFT marketplace. That is crucial to fulfilling its goal of bringing real-world use cases to NFT like:

• Event ticketing. Event organizers will be able to use the Kalao Marketplace to issue and sell tickets for concerts, sports events and seminars; users can trade tickets; artists can stream their concerts live and thereby reach out to a wider audience.
• Luxury goods commerce. Companies can sell luxury goods, with users able to try them virtually before purchasing. In future, users will be able to display their luxury goods in the Kalao metaverse, “The Citadel.”
• Art exhibitions. Artists can display their works and users can enjoy digital art the same way as they would with other forms of art.

Unlike many other marketplaces, Kalao offers VR technology to augment and improve the user experience. Its Kalao Gallery is a VR gallery where visitors can immerse themselves in art exhibitions, concerts, and more. All of Kalao’s virtual galleries will be supported on PC, as well as on mobile.

By providing a single trading hub, Kalao aims to streamline the process for artists and buyers alike and to allow for a more immersive and pleasant experience. Kalao plans to bring features like live event broadcasting and real-world use cases live in 2022.

Related Pages:

Check out Avalanche (AVAX) — the blockchain Kalao is built on.

Check out Solana (SOL) — another high-speed layer 1 blockchain.

Read our deep dive into Kalao (KLO).

Get the latest crypto news and latest trading insights via the CoinMarketCap blog.

How Many Kalao (KLO) Coins Are There in Circulation?

The total supply of Kalao (KLO) is 500 million. The current circulating supply of KLO is 11.735 million. Kalao’s tokenomics are as follows:

• 45% – community rewards
• 15% – team, six months locked, linear vesting
• 7.5% – advisors, six months locked, linear vesting
• 12.5% – ecosystem
• 20% – sale (8% seed round at $0.025, 10% private round at $0.035; both three months locked, linear vesting. 2% public round at $0.04; six months linear vesting)

How Is the Kalao Network Secured?

Kalao (KLO) runs on Avalanche (AVAX), one of the most popular layer 1 blockchains out there. Avalanche has its own consensus mechanism. As distinct from proof-of-work (PoW) or proof-of-stake (PoS), all nodes on Avalanche process and validate transactions by employing a directed acyclic graph (DAG) protocol. In this way, transactions are processed simultaneously and validators’ random polling ensures that transactions are correct with statistical certainty. Unlike PoW and PoS, there are no blocks in this consensus mechanism, thus allowing for immediate finalization and significantly improving the blockchain’s speed.

Where Can You Buy Kalao (KLO)?

Kalao (KLO) is available on ZT, Gate.io, TraderJoe and Pangolin.

If you want to learn more about how to start buying cryptocurrencies, you can read more in this guide.

Kalao framework will accelerate adoption of VR technology to develop virtual worlds and sustain digital transformation of business use cases. Kalao Marketplace is powered by fast, secure and low-fees Avalanche blockchain, supporting both X-Chain and C-Chain networks, offering multiple auction types and rewarding you for your loyalty. Fully decentralized, it provides access to a superior tech and advanced features in a seamless experience. Kalao aggregates all NFTs available on the Avalanche C-chain. So, you don’t have to navigate other marketplaces, there is only one place to go : Kalao marketplace. Kalao is developing a unique way to experience NFTs. Magnify your NFTs in a full 3D virtual reality experience. With or without a VR headset, Kalao supports multi-platforms. You’ll feel right at home in Kalao Galleries.