The AssetMantle Project is a multi-tenant NFT marketplace framework that enables creators and collectors to securely create, own and trade digital assets on its fast-ending blockchain. The AssetMantle code-free toolset allows creators to create custom assets and markets without permission. Read on to learn more about the AssetMantle project.
What is the AssetMantle project and how does it work (MNTL)?
The AssetMantle project is a multi-tenant NFT marketplace framework that allows creators and collectors to securely create, own and trade digital assets on its fast-ending blockchain. The foundation of AssetMantle is built using best-in-class blockchain principles and optimized for the next evolution of the NFT economy. The AssetMantle chain is specifically calibrated with features such as verified NFT creators, custom NFT properties, built-in whitelisting features Trading Room, etc.
As one of the core zones in Cosmos Hub, the AssetMantle project leverages features such as Tendermint Core for Consensus and a modular SDK framework. In addition, with a highly cost-effective network, AssetMantle offers one of the lowest fees of any popular Zero Gas Transactions network. It also supports extremely fast transactions close to 7 seconds, which allows for almost zero waiting time for fulfillment of buy, sell, auction, etc. orders.
Furthermore, its interNFT standard allows NFTs to be truly cross-chain, potentially allowing NFTs to be transferred to other connected chains, thus creating a larger shared market economy. And with high network security and leveraging the native MNTL token, AssetMantle provides the required level of protection for user assets.
There are several products provided by AssetMantle focused on the NFT ecosystem that can help users improve their digital asset ownership game, including MantlePlace – Decentralized NFT Marketplace; MantleBuilder, Code-free toolset for creating your own custom Marketplaces; MantleWallet, a non-custodial blockchain wallet for the AssetMantle chain; and MantleExplorer, a detailed blockchain explorer for the AssetMantle chain. AssetMantle’s suite of products creates a distributed NFT economy where users can create not only NFT collections but also their own NFT marketplaces and storefronts.
AssetMantle is a powerful tool, where we can:
- Create, customize and launch NFT stores
- Determine the coinage structure of NFTs
- Create Brand with a Custom User Interface
- Control the royalties
Challenges of existing NFT markets and solution offered by the AssetMantle project
Most current NFT markets are extremely isolated. While at the heart of them all they try to make trading NFTs hassle free, very few actually succeed in doing so. This can be attributed to the foundation upon which they were first built. Some significant challenges that users of these older markets face are the following:
- Entry Barriers: They have entry barriers such as acquiring cryptocurrencies to pay gas fees (fee on ramps for first-time users)
- Data persistence: They do not guarantee the security and privacy of minted assets such as NFTs.
- Little or no interoperability: Most NFT marketplaces do not support cross-chain or cross-platform transactions.
- Limited support for asset creation: Most NFT marketplaces only focus on art and collectibles use cases, thus limiting asset growth.
The AssetMantle project solution
AssetMantle is built using the Cosmos SDK and uses Tendermint’s core consensus mechanism to facilitate asset tokenization and NFT trading. The team at Mantle has made it incredibly easy for non-technical creators and artists to launch projects and build their brands on the blockchain without knowing how to code. The Mantle Token (MNTL) acts as the gateway to the Mantle ecosystem.
Why did AssetMantle choose the Cosmos ecosystem?
strategically ahead
The AssetMantle Project is part of the larger Cosmos ecosystem. It is built on Tendermint’s core consensus mechanism and therefore offers greater scalability, better usability and superior sovereignty than most other blockchains.
Additionally, Cosmos enables extreme interoperability and connectivity with other chains using the Inter-Blockchain Communication (IBC) protocol. The NFT market is currently untapped in the Cosmos ecosystem and despite the rapid demand in the NFT space, there is no concrete market native to Cosmos.
Highly Economical
Cosmos network gas fees are relatively lower, and the costs of minting assets on it would be negligible (compared to most other blockchain networks that require massive investment just to mint). The economic viability of the network accelerates the mass adoption of the protocol and encourages more innovations to happen in it.
At the end of the day, AssetMantle users enjoy virtually unlimited possibilities to trade NFTs, negligible gas fees (as low as $0.01) and fast transaction approval (7 seconds) thanks to low network congestion.
Environmental friendly approach
The NFTs minted at AssetMantle can be called “Green NFTs” because they consume very little energy. In contrast, Ethereum NFTs (ERC 721 tokens) faced a huge backlash from the environmentally conscious due to their large Proof-of-Work (PoW) consensus power requirements.
Many creators opted for Proof-of-Stake (PoS) marketplaces over Ethereum marketplaces for the same reason. While the Ethereum network is still catching up to the Proof of Stake consensus, the ETA is and its implications are still quite uncertain. However, all chains on the Cosmos network use Delegated Proof-of-Stake (DPoS) consensus.
Best in class user experience
AssetMantle enables seamless integration of web 2.0 experiences so that the complications of web 3.0 can be abstracted away. AssetMantle allows users to create their own showcases using an easy to use drag and drop builder with no code.
AssetMantle Project: MantleBuilder
MantleBuilder is another innovation that the Mantle team is bringing to every creator’s doorstep. Anyone can build their own “store” (aka marketplace) with MantleBuilder. This allows them to have their own brand and build a close community of supporters and loyal followers.
For creators, this can be a game changer as they can completely curate the experience they want to provide their fans and audience. With relevant modules and full customization without code, creators can be very selective and adjust the process of building their storefronts to better adhere to the mission and vision of their projects.
MantleBuilder features:
- Complete Customization – MantleBuilder puts the power in the hands of the creator. Creators can not only have full control over the type of NFTs they sell, but also full customization of how they want their marketplace to appear based on their NFTs. For example, a creator selling music NFTs would have different needs (such as an embedded music player) than a creator selling 2D art (such as an embedded picture card).
- No Code Drag Platform – Most artists are not blockchain developers. Therefore, they don’t have the technical know-how to build a fully functional NFT marketplace from scratch. MantleBuilder eliminates the need to code for these builders. Artists can now channel all their energy into being more creative instead of being technical with an intuitive and easy to use drag and drop builder.
- Plug and Play Experience – Creators can grow their NFT storefronts at speeds that have never been possible before. MantleBuilder offers a complete plug-and-play experience for artists looking to build their brand. Just drag and drop elements, connect your personal domain and activate.
- Custom Built-in Templates – To make creators’ lives even easier, MantleBuilder also comes with pre-made templates that can be used right away by creators.
Wallet Mantle
Asset Wallet is an easy-to-use web wallet for MNTL holders. Securely store, transfer and stake your MNTL tokens with the Asset Mantle Wallet. Earn up to 135% annual rewards by staking your MNTL token. To get started, go to the Asset Wallet website , where you can log in to the wallet with Keplr, Ledger, KeyStore or with an existing MNTL address.
Why choose AssetMantle Project?
AssetMantle’s foundation is built using best-in-class blockchain principles and optimized for the next evolution of the NFT economy.
- Optimized for NFTs – The AssetMantle chain is specifically calibrated with features like verified NFT creators, custom NFT properties, built-in whitelisting features, etc.
- Cosmos Ecosystem – With AssetMantle being one of the core zones of Cosmos Hub, it leverages features such as Tendermint Core for Consensus and a highly modular SDK framework.
- Extremely Low Fees – AssetMantle has a highly cost-effective network, offering one of the lowest fees of any popular network at around $0.01 per transaction.
- Fast order fulfillment – Extremely fast transactions, close to 7 seconds, allow almost zero waiting time for fulfillment of buy, sell, auction, etc. orders.
- Fully Secure – With high network security and leveraging the native MNTL token, AssetMantle provides the required level of protection for your assets.
- Future interoperability – InterNFT could potentially allow NFTs to be transferred to other connected chains, thus creating a larger shared market economy.
MNTL Token
The MNTL token aims to provide continuous performance and security to the blockchain through the staking process. The token also brings governance to the network, allowing the chain and its features to evolve as token holders vote for improvements and new features.
MNTL is also a working token for MantlePlace, a multi-tenant NFT marketplace built on AssetMantle to power your transactions for coinage, trading, platform commission, creator royalties and fees. AssetMantle’s protocol token is created using the latest best practices for tokenization, performing various types of utilities for its holder.
- Governance – The MNTL token is required as a deposit to create on-chain governance proposals. Token holders can vote on these proposals with their staked $MNTL. It also has built-in security against drastic protocol changes to make it more incremental.
- Network Security – MantleChain, runs on the Tendermint core, a pBFT (Practical Byzantine Fault Tolerance) consensus mechanism based on dPoS (delegated Proof-of-Stake). Token holders can be incentivized to delegate their tokens to validators of their choice, improving security.
- NFT Transactions – MNTL will be used to pay transaction fees, platform commission and creator royalties. The token will also be used for platform curation (via DAO curation), which plays an integral role in the governance of the NFT market.
- Economic Incentive – Initially, the token will also help bootstrap genesis creators, early adopters, early stakers. Post genesis will have campaigns to boot breeders, liquidity providers, NFT minting and trading activities across multiple lots, and curator communities.
MantleDrop
The Mantle team decided to do a MantleDrop (MNTL airdrop) for early backers, creators and contributors instead of an ICO or IDO. MantleDrop can be summarized as a series of strategically selected community initiatives and launches to encourage participation and raise awareness of MNTL and AssetMantle. MantleDrop branches into the following:
- StakeDrop
- Osmosis Liquidity Providers
- OpenSea Users
- MNTL reserved for Mantle Genesis creators
StakeDrop
StakeDrop is a token distribution mechanism that allows token holders of some of the most prominent Proof-of-Stake networks to gain exposure to MNTL tokens (AssetMantle tokens). It is designed to have a principal risk close to zero. AssetMantle will run StakeDrop campaigns across 6 Proof-of-Stake networks as mentioned below.
Token holders of these networks can stake their native assets with any active validator to earn MNTL tokens in addition to the current network staking rewards they are earning (block rewards and/or transaction fees). Each participating wallet can earn up to a maximum of 5,000 MNTL tokens. The limit is based on some parameters that will be discussed in this document.
Bottom Line
AssetMantle is a multi- tenant NFT marketplace framework that allows creators and collectors to securely create, own and trade digital assets on its fast-ending blockchain. The AssetMantle project aims to create a community-driven, open source framework for cross-chain NFTs and metadata standardization, contributing to the interNFT standard.
The AssetMantle project will provide a platform that enables a diverse set of use cases for NFTs that go beyond art and collectibles and can potentially change the representation of rights and ownership of real-world assets such as real estate and other commodities. PortalCripto hopes that the article has brought the necessary information about the AssetMantle project.
