Kalao (KLO) is an NFT ecosystem developed on Avalanche (AVAX), a layer 1 blockchain. It seeks to enhance the adoption of virtual reality (VR) technology by integrating its proprietary VR showroom with DeFi functionalities within its NFT marketplace. The Kalao NFT marketplace allows users to create, sell, purchase, and collect NFTs, additionally allowing them to showcase their NFT collections in a personalized 3D NFT gallery. By leveraging Avalanche as its preferred blockchain, Kalao provides swift and secure transactions at minimal costs. Kalao also aspires to incorporate NFTs into practical real-world applications by enabling users to display their art, sell luxury goods, or even utilize the platform for event ticketing through the marketplace. Looking ahead, Kalao intends to develop a metaverse known as “The Citadel,” where users will have the opportunity to buy or rent land, promote their businesses, or host virtual gatherings.

Kalao (KLO) was established under the leadership of CEO Hassan Benahmed and Chief Marketing Officer (CMO) Efe, whose last name remains undisclosed. While detailed information about the team is limited, Kalao is supported by a distinguished group of backers and investors, including Avalanche (AVAX), AvaLaunch, Maven Capital, OkEx Blockdream Ventures, and Fantom, among others. Notably, Kalao has developed a robust partnership with Avalanche, a collaboration described by CEO Benahmed as aligning perfectly with Kalao's ambitions.

Kalao (KLO) aspires to differentiate itself by offering a completely decentralized, scalable, and cost-effective NFT marketplace. This is essential to achieving its mission of introducing practical real-world applications to NFTs, such as: - **Event Ticketing:** Event organizers can utilize the Kalao Marketplace to distribute and sell tickets for concerts, sports events, and seminars. Users can trade these tickets, and artists have the opportunity to stream their concerts live, thereby expanding their reach to a broader audience. - **Luxury Goods Commerce:** Businesses can sell luxury goods, allowing users to virtually experience them before making a purchase. In the future, users will be able to showcase their luxury goods in the Kalao metaverse, known as "The Citadel." - **Art Exhibitions:** Artists have the platform to exhibit their artworks, enabling users to appreciate digital art in the same manner as traditional art forms. Distinct from many other marketplaces, Kalao incorporates VR technology to enhance and elevate the user experience. Its Kalao Gallery offers a VR space where visitors can deeply engage with art exhibitions, concerts, and more. All of Kalao's virtual galleries will be accessible on both PC and mobile devices. By establishing a unified trading hub, Kalao seeks to streamline the process for both artists and buyers, enabling a more immersive and enjoyable experience. Kalao is set to introduce features such as live event broadcasting and real-world applications live in 2022. You can find more information and insights on Kalao and other cryptocurrencies on Eulerpool.

The total supply of Kalao (KLO) is 500 million. The current circulating supply of KLO is 11.735 million. Kalao's tokenomics are structured 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)

Kalao (KLO) operates on Avalanche (AVAX), a highly regarded layer 1 blockchain. Avalanche utilizes its unique consensus mechanism. Unlike proof-of-work (PoW) or proof-of-stake (PoS), every node on Avalanche processes and validates transactions through a directed acyclic graph (DAG) protocol. This approach enables simultaneous transaction processing, with validators conducting random polling to ensure transaction accuracy with statistical certainty. In contrast to PoW and PoS, this consensus mechanism does not involve blocks, allowing for instant finalization and significantly enhancing the blockchain’s speed.

Kalao (KLO) is accessible on ZT, Gate.io, TraderJoe, and Pangolin. For those interested in learning more about beginning their journey in cryptocurrency investments, further information can be found in this guide. The Kalao framework is poised to accelerate the adoption of VR technology to foster the development of virtual worlds and support the digital transformation of business applications. The Kalao Marketplace leverages the speedy, secure, and cost-efficient Avalanche blockchain, which accommodates both X-Chain and C-Chain networks, providing multiple auction types and loyalty rewards. With a fully decentralized framework, the Kalao platform offers access to advanced technology features and a seamless user experience. It aggregates all NFTs available on the Avalanche C-chain, eliminating the need to navigate other marketplaces, as Kalao Marketplace serves as the comprehensive source. Kalao is pioneering a distinctive approach to experiencing NFTs by enabling an immersive 3D virtual reality experience. Whether you have a VR headset or not, Kalao supports multiple platforms, ensuring you feel at home in Kalao Galleries.