Founded in 2021, NMKR is an NFT (non-fungible token) and asset tokenization platform service leveraging the Cardano blockchain. Its services do not require coding knowledge and enable companies and individuals to easily get started with tokenizing assets which can then be transacted or stored. It removes a high entry barrier to NFTs and blockchain for non-technical users.
As one of the more established services in the ecosystem, it has become a go-to platform for those seeking to issue and launch NFTs on Cardano.
To date, several dApps (decentralized applications) and NFT collections have been able to launch successfully due to NMKR. They have laid out the development tools to make it easier for companies and entrepreneurs to get started with using NFTs as a potential solution to real-world problems.
In this blog, let’s go over 5 projects that have used NMKR to address these issues.
Book.io is one of the longest-running Cardano NFT projects. It launched almost at the same time as smart contracts were being integrated into the Cardano blockchain with the start of the Goguen era.
Using NMKR’s NFT minting platform, Book.io has shaken up the e-book industry to create true digital book ownership. Selling more than 130,000 NFTs of various e-books issued through NMKR, it enables authors and publishers to gain more control and revenue as they can earn royalties on the secondary sales of their books in perpetuity – rewarding creators for their hard work while providing readers with the freedom to own, trade, and share their digital books.
With their service, e-books are not only an image. The e-book NFTs are recorded on-chain and contain the entire text of the original work and can be read online or with an ebook reader.
Read more: How tokenized diamonds are creating new growth opportunities
Clarity is a platform that creates tools for others to set up and run DAOs (decentralized autonomous organizations) on Cardano. DAOs are virtual self-running organizations that make decisions, manage resources, start products, and launch projects without a central party or authority. They are a type of organization or company that runs itself with its own set of rules via its members.
DAOs typically need governance tokens, identity solutions, voting tracking, and more which Clarity provides to help with DAO creation and management.
They are focused on creating a simple user flow that leverages NMKR APIs, enabling even non-technical users to easily create governance tokens. Users wanting to launch a DAO, but without the technical expertise, can leverage NMKR’s tools via Clarity.
Clarity has also been listed with preliminary approval by Japan’s DAO Association as a legitimate service for companies and organizations in Japan looking to set up DAOs to raise capital.
The result is a much-simplified process of minting governance tokens and distributing them to members. This is a key step when launching any DAO, and both projects have made it a lot easier to do so on Cardano.
Read more: Explaining the basics of DAOs and their use cases
Tiamonds is a project that tokenizes certified physical diamonds in the form of NFTs and puts their data on the Cardano blockchain. The project buys diamonds from reputable vendors, making sure they were sourced from legitimate mines, then creates an NFT that contains all of its relevant information within the token metadata. This enables would-be buyers to gain transparency into the information behind each physical diamond that they wish to purchase.
Each diamond represented as an NFT is held in a secure vault. The buyers can redeem the NFTs for the diamond as they wish or trade them to other buyers.
Tokenizing diamonds adds liquidity to the asset itself by enabling anyone around the world to purchase the NFT. By storing and displaying the information behind each diamond NFT, transparency and authenticity are provided.
These diamond NFTs were minted using NMKR’s technology and first sold during Cardano Summit 2023 which sold out quickly. To date, two batches of diamond NFTs have been sold over the Cardano network.
Read more: How NMKR partnered with Tiamonds to tokenize diamonds for consumers
Smart Places is a social ecosystem based on geolocation that rewards users for connecting and interacting. Markers are placed using a map application on mobile devices and each location gives out potential rewards when a user reaches that particular place. These can be created to promote campaigns for brands or companies looking to engage their communities and raise awareness.
The project uses NMKR’s API and its minting infrastructure. The NFTs are location-based, so each one is unique when a user reaches the location. This ensures that there aren’t any duplicates and that rewards are allocated to the proper participant.
These location-based NFTs are a new technology that showcases the power of NFTs for unique marketing campaigns to boost user engagement and awareness. NMKR makes the minting of these tokens quickly and easily, ensuring users and brands can focus on the experience.
DePINs (decentralized physical infrastructure networks) are one of the more discussed blockchain use cases of late. It’s a way to create faster network systems that are launched by users looking to get incentives from a decentralized application (dApp).
Essentially, by offering digital token rewards, a dApp can incentivize users to participate in sharing resources to create a decentralized physical infrastructure network leveraging blockchain rather than having a centralized entity create and control a network.
Artificial intelligence is another major technology that is reshaping our daily lives and how we approach work.
SyncAI is a project that aims to integrate both technologies via a personalized message ecosystem.
Messages in SyncAI are not only between people but also between users and dApps. The project creates a custom large language model (LLM) that takes natural language instructions and converts them into dApp interaction.
The project uses self-sovereign identities (SSI) to manage interactions between users, the LLM, and dApp.
This is where the NFT discussion enters the picture, as the user’s information needs a container on-chain. NMKR is collaborating with SyncAI in this effort.
Read more: What are DePINs and how do they work?
NMKR is an NFT and Tokenization platform service leveraging the Cardano blockchain. It enables businesses and individuals to easily create NFTs by providing tools that do not require coding knowledge.
As an established platform, NMKR’s services have been used by businesses, gaming projects, creators, and more to successfully mint NFTs of various assets.
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