AssetMantle: The Marketplace on Cosmos Ecosystem Is Here

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It's not new to many that the development of NFTs has led to a wave of trends in the blockchain community recently and many crypto communities are venturing into this space to tackle the scalability issue sighted on Ethereum blockchain.
Cosmos have been an internet of blockchain has started contributing to NFT since 2019 though the real engagement started late last year via InterNFT Working Group to initiate Interchain standards to make NFTs interoperable across blockchain networks which thereby solve a major issue in Ethereum blockchain (scalability issue).

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How Keen Are You To NFTs in Cosmos Ecosystem?

An introduction of interoperable protocol (Persistence One) which was built to facilitate the creation of next-gen financial products became a reality with amazing platforms that were enacted from this protocol. The recent information reaching the Cosmos and the entire crypto community is the new marketplace set to be activated on 15th November 2021 to build an intergalactic universe of NFTs.

During my short research about Cosmos NFTs marketplace, I discovered that people are looking for the marketplace in Cosmos due to fact that the ecosystem is expanding and there is a need to look out for NFT marketplace in Cosmos. Read one of the requests on reddit.

Here comes Shopify!

Persistence has been working to provide seamless transactions to all in crypto space and presently releasing NFTs marketplace t increase the strength of Cosmos in areas of NFT.
According to a thread that was released by the convener of the marketplace AssetMantle, it was revealed that the platform is set to make it incredibly easy for creators to see up their marketplaces for NFT with custom metadata and storefront definition which is easy to use plug-and-play user interface.

With the announcement of a fully decentralised Shopify of NFTs which is set to sail Cosmos ecosystem, Asset Mantle invite validators to apply for AssetMantle Testnet and all the required criteria are locked up in this announcement.

The general look at the NFTs and crypto-art in the recent technology tells there are technical flaws associated with this ecosystem.
Some of these problems are:

  1. Difficulty in determining the value of the NFT
  2. Difficulty in assessing the uniqueness and understanding how many copies exist.
  3. Difficulty in finding the original owner of the NFT.

And many others.

Concerning NFT sales, one of the problems we faced is copyright protection issues, that's why there is a need to connect with a secure marketplace to guide against scammers taking advantage of your creativity.

The list below revealed how Asset Mantle in Cosmos sets to guide against difficulties in NFTs marketplace.

  1. One Wallet representation
  2. Division of responsibility
  3. Singular representation/instantiation
  4. Trusted minting, mutation and burn execution and Interoperability with private chains

Read more Here

In conclusion, Asse Mantle is set to be made history on Cosmos ecosystem as the launch of AssetMantle Testnet slated for 15th November is right here. This will facilitate the creation (minting) of interoperable NFTs flowing between different blockchains and also Shopify which will allow artists to create their Shopify-style stores for their specific NFT assets, this is amazing to the entire NFTs ecosystem.

For More Info Check Persistence Note, Medium, & Twitter

Posted Using LeoFinance Beta



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