What is Kabila.app, why should you pay attention to it, how can it benefit you? These are some of the questions I have asked myself while exploring this fascinating corner of the crypto world, but this time this tool is specifically on the HEDERA network, a blockchain network which I have told you about on many occasions, and today I want to give you a new update on the platforms that are hosted on that network.
I hope you like the content I will share here and if so do not forget to leave a comment to continue the discussion, without more to say, let's start with today's post.
Created with Kabila elements - Edited in Photoshop CC
Table of contents for this article:
♦️ What is Kabila.app?
♦️ Why is it important for you to know about it?
♦️ How can it benefit us?
What is Kabila.app?
The main thing to understand everything, is to give you a quick invitation to read my previous articles where I talked about the HEDERA network and its functions or what makes it special for me, here I will leave the direct links for you to read them so you can have a better context of everything:
The project that will create new millionaires (Blockchain HEDERA).
New features implemented in HEDERA with the arrival of Pyth Network - (Price Feeds/Pyth Benchmarks).
Kabila.app is a decentralized platfrom that combines elements of social networks, NFT market (non fungible tokens) as well as having a very strong and active community, and as an extra, it also has a wallet, let's say it is something similar to Metamask, its goal is to create a space where creators, collectors and cryptocurrency enthusiasts can interact, share content and discover new opportunities.
The project is constantly integrating new features, and that's what makes it interesting, plus, being on the HEDERA network, it has very fast transactions and with a negligible fee cost compared to the NFTs markets of networks like ETH, where for the purchase of a NFT can charge you up to $50 in fee or more depending on the network congestion at the time you are doing your operations.
Kabila is a digital ecosystem where creativity and innovation merge with blockchain technology, and I like that, a couple of years ago I told you about a similar project called Creary, where the function of creating NFTs and collectible images with the support of the community were what made it stand out, but unfortunately today I see this project stagnant.
So, I'm seeing Kabila as a new option for digital artists looking to monetize their artwork, here, users can create, buy and sell NFTs, participate in auctions, join thematic communities and connect with like-minded people, just like a common social network interaction, but with an NFT marketplace option and more.
Why is it important for you to know about it?
The crypto world in general is so large and extensive that every day new projects arise, that can really change or facilitate the user experience, and we do not even know about it, in my case, I am very active in the NFTS topics and more if it is about networks like: HIVE - SOLANA - HEDERA, and that is why I do not miss this kind of news and I am very excited to share it with you, and here I will tell you why I think it is important for you to know it.
First, NFTs represent unique and authentic digital property, something similar to art but in its digital version, and just as art is highly valued worldwide, so is digital art with NFTs, and kabila is at the center of this revolution, allowing creators to monetize their art, music, videos and other digital content in a completely new way.
I also see that it can be an interesting tool to foster collaboration between artists, musicians, writers and other content creators, as this can become a space where great artists can come together to share their work, or create a community of followers on Web3, with much more benefit than they have on Web2, the community on Kabila is vibrant and diverse, which provides opportunities to learn, grow and establish meaningful connections.
I also like the idea of diversity of art, or content, and that's considering it's not yet popularized, but if you have a particular interest, you're likely to find a community on Kabila that shares your passions. From digital art to memes, there's a space for everyone.
As you can see in the image above, it has a wide variety of useful tools, and it's important to remember that the project is still in the development phase but it's still worth bookmarking to see how it progresses and continues with what they set out on their roadmap.
If we talk a little about the NFT collections that are already available, we can find a good variety of it, and these collections are available in one of the most used marketplaces in the HEDERA network, I'm talking about Sentx, there you can enter and trade with the HABAR token, or its various tokens supported, but here I will leave you some images of the NFT art style of the Kabila platform, I love this style of art.
Peculiar Peeps is the name of a collection of those that are marked as one of the most popular on the platform, and I really like their colors and artistic style, I know that everyone has different tastes, and this is mine hahaha, it may seem something very simple but for me it is striking.
This collection has a total endowment of 10,000 NFTs, each with different characteristics, and 8497 NFTs have already been minted from this collection, the most expensive NFT in this collection has a value of 11.111 HBAR, the current value of this coin is only 0.10$, which means that this NFT has an estimated cost of 1.111$.
But we can also find a NFT with a much lower purchase value, all this depends on the seller as well as its rarity or feature, but if we look for the one with the lowest value at the time I am writing this, we can find one that has a cost of 239 HBAR, this is equivalent to $23.9 dollars.
And of course we are talking about the most popular collections, but surely we can find a simpler collection that is emerging recently, and you buy it for a low value and then the collection takes more interest and you can sell your NFT for a much higher cost than the initial purchase.
How can it benefit us?
This is the big question that many will be doing if you have reached this section of the article, and again I thank you for your interest in reading everything, and I will tell you that each project has its own characteristics that make it interesting or profitable, my interest in Kabila, is that it is a new tool that is slowly gaining popularity in the HEDERA network, and I think it is a good time to be part of it, but investigate everything on your own before starting a project that you do not know.
But, Kabila has the potential to bring great artists to a network with a very low commission cost for mining their works, and can become a market similar to Solana, where day after day the sales and sales of NFTs in SOLANA is so big, that leaves many profits to the active users of the market, but it's all a matter of the project continues to advance.
For art creators Kabila offers a platform to exhibit and sell NFTs. Artists can receive direct revenue for their work and build a loyal fan base, a plus for Kabila.
If we talk about collectors like me, here you will find a wide variety of NFTs, unique illustrations that will catch your attention, investing in NFTs can also be lucrative if you choose well, as I mentioned before, you may buy a NFT with a value of $23 and then it is valued at $100 or even $1000, these cases have been seen in the Solana network once that network became popular, and I fear that this may happen when the HEDERA network takes more strength in the crypto world.
This is a long goal to explain, but even so I have left you a small summary of what Kabila is, I hope you like the information and if you already have some information about this project, it would be great if you leave your opinion in the comments, so we can all learn much more about this project.
Thank you all very much for reading my content and I hope you have a happy day.
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