Stargaze protocol is a decentralized and community-driven proof-of-stake Layer1 for NFTs built on Cosmos. Designed to be community-owned, it empowers creators to effortlessly launch collections with no-code solutions, placing NFTs at the heart of its architecture.
Moreover, Stargaze offers groundbreaking features like zero gas fees, a native NFT launchpad, and a marketplace.
Not stopping there, Stargaze is taking a multi-chain approach and is actively developing an Interchain NFT Marketplace.
Through bridges to other Cosmos IBC chains, Ethereum, Solana, and more, it aims to connect diverse ecosystems and foster seamless collaboration.
The co-founder of Stargaze, Shane Vitarana, unveiled this transformative project at the Cosmoverse 2023. At the event, he shedding light on the essence of Stargaze and the boundless potential of interchain NFTs.
Astounding Numbers
During his presentation, Shane unveiled the milestones of the Stargaze platform. Stargaze has successfully minted over 1 million NFTs, leading to a staggering $16 million in total sales. This remarkable figure encompasses both primary and secondary marketplace transactions.
He added that what sets Stargaze apart is its ability to provide real yield to its users, becoming one of the first chains in the Cosmos ecosystem to do so since March of the previous year. Its daily average revenue since its launch stands at approximately $2,000, outperforming most other Cosmos chains.
Creators have not been left behind, as they have collectively earned nearly $9 million on Stargaze. This solidifies Stargaze’s position as a lucrative platform for both artists and collectors.
With a spotlight on one of the projects built on Stargaze, Bad Kids Collection, the speaker noted that the project has emerged as a cultural phenomenon.
The Bad Kid’s Bad Kids’ Collection has seen a tenfold increase in value since its launch and has made its mark in the broader crypto world.
This collection has even crossed over to the Ethereum ecosystem, with notable figures like Flash Bots adopting Bad Kids.
What makes Stargaze important
According to Shane the secret behind the success of Stargaze is its infrastructure which includes a high-performing RPC cluster managed by Eric Carlson from Rhino Stake.
This cluster has proven itself capable of handling all the platform’s minting operations, even during high-demand scenarios.
Another vital component is the use of IPFS for handling images, videos, and audio files, further expanding the possibilities of NFTs. Stargaze has set up IPFS services around the world, hosting approximately 2.2 terabytes of content.
Additionally, Stargaze’s Rust-built indexer, created by Fabian Penso, has significantly reduced load times, making the platform more user-friendly.
He also added that new features such as Mint hooks, a feature that allows users to customize the minting process, offering greater flexibility, is another key advantage of Stargaze.
Users can upload custom code and personalize the minting process, enabling innovative approaches to NFT creation. Additionally, Stargaze plans to extend support for various assets, including Adam, Osmo, USDC, Native USDC, and Stak Stars.
A real-world assets miner was also introduced, enabling NFTs to represent real-world items like watches and Pokémon cards.
Enhanced user experience and onboarding, and the future of interchain NFT transfers
The co-founder emphasized the Stargaze team’s commitment to providing a seamless user experience.
To achieve this, they have integrated popular tools like MetaMask, allowing for one-click swaps from Cosmos assets to Stars, and fiat onramps like Kado.
Additionally, he expressed optimism about the future of NFTs on Stargaze, revealing plans to implement interchain NFT transfers to enhance platform interoperability.
A new version of the marketplace is in the works, featuring an intent-based order book that will greatly improve trading efficiency and dynamics.
This will also introduce the ability to trade bundles of NFTs, a highly anticipated feature within the Stargaze community.
