Cosmos is gearing up to make its mark in the interchain NFT market with the introduction of Stargaze, a fresh addition to its network. Stargaze stands out as a decentralized application chain built on the Cosmos SDK, focusing primarily on NFTs. Its main goal is to facilitate the growth of the interchain economy through a user-friendly NFT marketplace. This platform offers benefits to creators, traders, and developers by incorporating on-chain royalties, zero gas fees for minting and trading, and additional rewards through protocol fees for stakers.
Stargaze leads the way in interoperability and modularity with the integration of IBC and CosmWasm, allowing for secure smart contracts written in Rust. It streamlines NFT creation and supports cross-chain NFT transfers using ICS-721. Discover more about Stargaze’s distinctive features and future plans by visiting the link below.
Stargaze has taken a pioneering step in enabling cross-chain NFT transfers through ICS-721. Leveraging the Interchain Stack, Stargaze sets the standard for seamless connectivity using IBC and offers flexibility through CosmWasm integration. By incorporating smart contracts in Rust, Stargaze ensures security and provides developer royalties, fostering a robust and developer-friendly environment. Additionally, the adoption of ICS-721 simplifies NFT transfers across different chains.
In the grand scheme of the interchain ecosystem, Stargaze aims to serve as a user-friendly NFT marketplace that eliminates barriers to creating and trading NFTs across multiple chains. By addressing issues such as high gas fees, limited connectivity, and complex NFT transactions prevalent in other marketplaces, Stargaze strives to establish a safe, accessible, and adaptable space tailored to small-scale retail and consumer traders.
Stargaze is committed to stabilizing and expanding the interchain ecosystem through its innovative app chain design, featuring MEV-resistant NFT auctions known as Live Auctions. Unlike traditional auction protocols relying on keeper networks, Stargaze settles auctions entirely on-chain, maximizing protocol revenue. Another standout feature of the app chain architecture is the Stargaze Loyalty Program (SLP), offering staking rewards and trading fee rebates to STARS stakers, akin to privileges found on centralized exchanges.
By focusing on seamless, secure NFT trading, growth, staking, and governance, Stargaze envisions a future where the interchain ecosystem flourishes. Embracing decentralization and encouraging diverse participation, Stargaze contributes to the ecosystem’s culture and provides a platform for various players to thrive.
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