Stargaze: The Interchain NFT Hub
ATOM
CRYPTO_NEWS
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Stargaze is a community-owned Cosmos SDK-based app chain that specializes in NFTs. It provides a platform to empower creators, traders, and developers with enforced on-chain royalties, zero gas fees for minting and trading, and additional yield from protocol fees for stakers.
Stargaze leverages the Interchain Stack to be a frontrunner in interoperablity (via IBC) and modularity. It was one of the first chains ever to integrate CosmWasm, allowing developers to write smart contracts in Rust, which offers enhanced security and developer royalties, contributing to a robust and developer-friendly ecosystem. Stargaze championed the implementation of ICS-721, a standard enabling interchain NFT transfers.
As a hub for NFT activity within the interchain, Stargaze aims to simplify the creation and trading of NFTs across different blockchains. It solves the problems of high gas fees, limited interoperability, and difficult NFT trading workflows in other marketplaces. Its core vision is to offer a secure, flexible, and user-friendly platform for retail / consumer traders.
Stargaze’s app chain design enables unique features, such as Live Auctions. Live auctions are MEV-resistant NFT auctions that are 100% settled on-chain. Most other auction protocols have to leverage keeper networks for settlement, which reduces protocol revenue.
Another feature enabled by the app chain architecture is the Stargaze Loyalty Program (SLP). SLP will offer rewards and trading discounts to STARS stakers. Loyalty programs are typically only offered by centralized exchanges. However, as an app chain, Stargaze has control over its fee mechanics, enabling a loyalty program to be implemented at the chain level.
Another anticipated feature is Marketplace v2. Marketplace v2 will enable NFT collections to be denominated in any IBC asset. For example, Celestine Sloths, which was minted in TIA, could leverage Marketplace v2 to denominate trading in TIA. This can help reduce STARS volatility while enabling protocol revenue in other tokens as well as buyback and burn mechanics.
The mission of Stargaze is to support the growth of the interchain ecosystem by providing an accessible NFT platform that offers real yield, security, and governance participation to its stakeholders. It further contributes to the ecosystem culture by fostering a decentralized, community-driven environment where stakeholders can directly influence the platform’s future.
Stargaze’s roadmap includes the launch of a native DEX to support more NFT-fi applications and the development of Outposts to bring Stargaze to other ecosystems.
Source : Medium / May 28, 2024