Technology

Marmalade

Here's a Radical Idea

Artists and their estates should be paid for their art. That should be the case the moment a work of art is born, and last through its entire life cycle. Yet that isn’t really the case with NFTs. If a marketplace is collecting transaction fees for an NFT, why shouldn’t the artist? Marmalade is the answer to the limitations and problems plaguing the NFT community. It’s a framework that’s more fair to creators, safer for both buyers and sellers, and more cost-effective for everyone.

The New Industry Standard

Community Participation

The Community Advisory Board is designed to foster active community participation and a more inclusive ecosystem that resonates with the community’s aspirations. Cabinet Members are eligible to participate in polls on initiatives that provide direction for the Kadena ecosystem, such as Kadena Improvement Plans (KIPs).

Enhanced Utility

Cabinet Members who participate in the polling are rewarded for their contributions to the future of the Kadena ecosystem. The accrued rewards are determined by a tier system based on the KDA lockup time and the participation of polls. After the lockup period, only Cabinet Members who have participated in polling can claim an accrued reward when they unlock their tokens.

Transparent Governance

The CAB is governed by easily accessible smart contracts, ensuring that locked funds are secured autonomously, without the involvement of Kadena or any third party. Additionally, the CAB platform provides transparent information on Cabinet member activity, including available polls, voting power and votes.

Minimal Gas Fees

Marmalade significantly reduces or eliminates gas fees, making it more cost-effective for artists and collectors to participate in the NFT market.

Use Cases

NFTs

NFT technology has moved away from its core. No matter what the use case is for a specific NFT contract, the industry lacks the ability to integrate royalty payment for original creators with every transaction. Some marketplaces remove this ability. Others don’t think it’s important and make royalties optional. Generally speaking, royalties are associated with exchanges instead of the assets themselves. Marmalade changes that.

Fractionalized NFTs

Unlike fixed amounts in NFTs elsewhere, Kadena's NFTs can be divided into multiple tokens. Creators on our platform don’t have to rely on liquidity marketplaces to fractionalize NFTs. Marmalade lets you customize how you fractionalize your NFT collection by effortlessly adjusting the total supply or the smallest transferable unit of your NFTs.

Applications

Immutable Record

As the co-inventors of the original blockchain, Stuart Haber and Scott Stornetta are digitizing historical moments onto Kadena's blockchain through their project, Immutable Record. Now anyone can claim a piece of history through NFTs created by Immutable Record.

Database of Native Assets

DNA is a SaaS platform that digitizes and archives physical objects, paving the way for a seamless Web 3.0 transition for all companies.

Through DNA, brands create a tamper-proof digital record of physical items, giving each a unique identity (Native Asset). These assets, securely stored on the Kadena blockchain, offer tamper-proof provenance, allowing remote authentication, tracking and seamless transfers.

Kadcars

KadCars leads the way with dynamic NFTs, and aims to change how we view NFTs. Long gone are the days when NFTs were all about profile pictures.

KadCars uses NFT technology to allow upgradeable NFTs that integrate seamlessly with games, with the goal of creating an entire thriving ecosystem on the Kadena blockchain.

What is Marmalade?
Marmalade V2 is the latest iteration of Kadena's NFT standard, introducing a host of enhancements and features that address the limitations of existing NFT standards. It aims to establish a new industry standard for NFTs by providing creators with greater control over their work, ensuring fair compensation through enforceable royalties, and facilitating innovative use cases like fractionalized ownership.
What are the key features of Marmalade?
On-Chain Royalties: Marmalade enforces royalties during NFT sales, ensuring creators receive a percentage of every transaction. Escrow Accounts: Integrated escrow accounts guarantee the safety of NFT transactions for both buyers and sellers. Limitless Customization: Creators can tailor their NFTs with dynamic "token policies" using a user-friendly toolset. Minimal Gas Fees: Marmalade significantly reduces or eliminates gas fees, making NFT creation and trading more affordable.
What are the primary goals of Marmalade?
Empowering Creators: Marmalade empowers creators by providing them with greater control over their NFTs and ensuring fair compensation. Enhancing User Experience: Marmalade offers a seamless and secure user experience for both NFT creators and collectors. Promoting Innovation: Marmalade facilitates innovative use cases like fractionalized ownership and decentralized autonomous organizations (DAOs).
How does Marmalade address the limitations of existing NFT standards?
Lack of Royalty Enforcement: Marmalade enforces royalties on-chain, ensuring creators are fairly compensated for every NFT transaction. Insecurity of NFT Transactions: Marmalade's escrow accounts provide a secure and trustless environment for NFT transactions. Limited Customization Options: Marmalade's "token policies" allow creators to personalize their NFTs with a wide range of features. High Gas Fees: Marmalade's minimal gas fees make NFT creation and trading more accessible to a broader audience.

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