Thread by @CosmosProfessor

Hey guys, I’m all for NFTs and IBC, so i’ve been looking into @AssetMantle and can’t wait to see how interoperability and NFTs will change the game!

Here’s a little thread on @AssetMantle

2/ AssetMantle is a framework, built by Persistence One on the Cosmos ecosystem, for NFT marketplaces that provides all the elements required to create individual marketplaces and the creation (minting) of interoperable NFTs that flow between different blockchains.

3/ WHY ASSETMANTLE?
• Interoperability: It facilitates the minting of NFTs on Cosmos that flow between blockchains unlike other marketplaces.
• Support for asset creation.
• Decentralized Exchange for NFTs(Mantleplace): For buying, selling and bidding NFTs.

4/ Fractionalized Ownership: AssetMantle supports fractional ownership of assets, whereby several parties have existing right to a piece of NFT.
• Privacy and Security: The security and privacy of the assets minted as NFTs are guaranteed.

5/ Division Of Responsibility: Division of NFT functionality into two modules:
a. NFT module: in charge of the mint, mutation, and burn logic. It is implemented at the native chain application logic level leveraging the chain’s native interoperability protocols to transfer NFTs…

6/ …between chains instead of permissioned bridge smart contracts.
b. NFT wallet module: blockchain agnostic, it is in charge of the ownership transfer operations.
Both modules are capable of operating independently on distinct chains.

7/ Singular Representation: The NFTs are addressed by the exact hash of the immutable properties across all chains, enforcing singular representation/instantiation of NFT across chains.

8/ Custom Marketplaces: AssetMantle allows verified creators to curate and customize their virtual storefront to their brand and desired customer experience.

9/ Transaction Efficiency: It is built on Tendermint Core, a dedicated proof of stake software, which supports higher throughput for NFT transactions.
• Ledger Hardware Support
• Zero Gas Fees
• Low Minting Cost

10/ $MNTL is the native token of the AssetMantle ecosystem.
TOKEN UTILITY
• NFT Transactions: to pay for transaction fees, platform commission, and creator royalties.
• Governance: The $MNTL token is required as a deposit to create on-chain governance proposals.

11/ -Staking
• Chain Security: token holders can participate in securing the chain by delegating their tokens to validators of their choice.

12/ Total Genesis Supply: 300 million tokens, set to follow a 2-year halving inflation schedule.
o Foundation 35%
o Community Treasury 30%
o Airdrops 20%
o Team 10%
o Strategic Partners 5%

13/ • Total Circulating Supply: 78 million.tokens
o Airdrops 54%
o Foundation 23%
o Community Treasury 19%
o Strategic Partners 4%

Make sure to check them out @AssetMantle and give me a follow as well.
$JUNO #IBC #COSMOS $ATOM