A Review into KodaDot’s PAH Proposal, and it’s Contribution to the NFTs Sector in Polkadot.
KodaDot’s proposal to improve the Polkadot Asset Hub isn’t news anymore. Although still under voting process, the proposal has piqued the interest of the ecosystem about KodaDot. And as it gears towards success, it becomes important to talk about if KodaDot could develop this infrastructure, and why it is important for the ecosystem.
Hence, in this article, I’d be talking about factors that highlight KodaDot’s already achieved experience as an NFT marketplace, and its relevance for the successful development and operation of Asset Hub.
Factors to consider on KodaDot’s ability to deliver their proposals on Asset Hub.
As a project with history, there are certain factors that can be used to rate KodaDot’s performance levels, and pre-determine expectations from Polkadot Asset Hub.
Some of such factors include;
1. Contribution to the ecosystem as a marketplace.
Founded in 2020, KodaDot began as an alternative to Vue.js and over time, has become one of the largest NFTs marketplace in the Polkadot ecosystem. As Substrate technology developed over the years, KodaDot also experienced upgrades and improvements in line with the new technology, all with the aim of improving its services to the dotsama community.
The continued development from the early days of Vue at sub 0.1, to their latest organization of IRL events in the ecosystem, KodaDot consistently shows their intention for growth, and have put it all into practice.
Their growth as a brand, and as service providers for over 3 years in the ecosystem serves to ensure trust in the team’s credibility. That is why KodaDot is the most popular marketplace in the dotsama ecosystem.
2. Team experience and structure.
KodaDot is run by a decentralized network of individuals who play crucial roles in its system of operations. However, the core team members are known within the community, and in the larger polkadot ecosystem. These includes: Vik, co-founder; Damsky, chief engineer; Luu, etc.
The structure of operations at KodaDot is also another very interesting aspect of its team’s experience. KodaDot is not just run by a team, but by a decentralized network of independent players. KodaDot boasts of a robust community of service providers working in both technical and non-technical roles in the project.
From technical devs, to creative artists, and even content developers, KodaDot has built its organizational structure to replicate a decentralized network/operation system. I find this system of operations very important especially for service providers looking to easily expand its workforce without necessarily overstretching its limits.
3. Community involvement.
KodaDot has an exemplary community involvement strategy. Programs like the Artist Ambassador and Artists Referral programs are two initiatives that helps engage the community in its development strategy. As well as the KodaDot Ambassador program, KodaDot has proven to have figured its way around decentralized operations and management system.
How do these prove that KodaDot can upscale PAH?
Below is a summary of how KodaDot’s experience will help increase their chances of success with the Polkadot Asset Hub.
1. Infrastructure development.
KodaDot has evolved through multiple stages of growth in the Dotsama ecosystem. And if this stands for anything, it proves that KodaDot has the required technical knowledge and capacity to produce products with results according to their proposals. This is significant for the intent of the proposal to be achievable, through functional infrastructure provision.
2. Operational power.
It’s decentralized system of operation makes it significantly easier to induct more team members from the most active contributors in the ecosystem. This reduces the waiting time that projects spend due to delays in recruitment exercise and company policies, and ensures that development is constant at all time.
3. Growth concerns.
The KodaDot team has been consistently building for 3 years. Their experience as a team is important, as it helps builders be better ingrained with the peculiar growth limitations experienced within their ecosystem. And with over 3 years experience under their belt, and the success of their marketplace, the KodaDot team have proven to know their way around developing a project.
4. Managing/Scaling projects to growth.
The experience gathered over time from the rigors of growing the KodaDot marketplace is the strongest point that can highlight the teams ability to steer Asset Hub to greater heights. And with the value proposition offered by Asset Hub, the development and growth of the new parachain will be spurred by the healthy combination of team experience, resources, community, and the value of the service being provided.
Now, let us look at the benefits of the PAH and what it adds to the ecosystem.
Benefits of PAH to the ecosystem.
There are endless possibilities of what the effect of Polkadot Asset Hub will have in the network. For creators, the ecosystem, and even investors, below are some of the possible benefits of PAH in the Dotsama ecosystem.
For the ecosystem:
- Increased ecosystem participation.
- Increased TVL and onchain activity.
- Harnessing an underutilized population.
- Improved infrastructure to facilitate ecosystem development.
- Healthier breeding ground for artists,
- Cross community development between Kusama based project and the Polkadot community.
For creators:
- Access to a wider audience.
- Better growth opportunity for individual creators.
- Access to a network of likeminded professionals in the same sector.
- Room for easier collaboration and deployment of projects across both networks.
For investors:
- An opportunity for investment.
- Access to more rewards and community.
- Opportunity to contribute towards growth.
Rounding up,
I expect the development of Asset Hub to provide significant development and benefits within the dotsama ecosystem. The up-side potential of the integration of Kusama NFTs into Polkadot can only be challenged by the team’s experience. And as this post has proven, the KodaDot team has the adequate skill set, experience and resources to deliver on their proposal.
Now, with the support of the ecosystem, and continuous growth of both Polkadot and Kusama communities, the influence of the Asset Hub will be highly significant in the nearest future before us.
For more information on Asset Hub and its proposal, click here.
