According to Statista, the number of individuals who are interested in trading NFTs has dramatically increased in 2021. It also emphasizes the industry’s roughly tenfold growth between 2018 and 2020.
Nevertheless, there still exist a couple of drawbacks that limit the potential of these NFTs. However, AssetMantle is changing the narrative and paving the way for a web3-powered economy.
The goal of AssetMantle is to provide an open-source, community-driven ecosystem that supports interNFT metadata conventions and Mantle modules that make it simpler to use NFT in metaverses, games, and artistic mediums.
With AssetMantle, anyone can build a distinctive NFT marketplace without writing a single line of code as it is a framework for NFT marketplaces. AssetMantle also makes it easier to create interchangeable NFTs that can move between several blockchains and metaverses thanks to the interoperability provided by the IBC protocol and interNFT standards.
When compared to other current NFT marketplaces, AssetMantle is unique in several respects and enables both traders and developers to fully utilize NFTs. Some of its benefits are highlighted in the list below:
Easy To Create NFT Marketplaces
MantleBuilder will let creators set up personal stores or NFT markets. Through this marketplace, users will be able to upload, advertise, and sell their recently produced NFTs.
The storefront will use the underlying protocol level logic to manage the demand and price mechanism to control the NFT auction and transactions.
With interoperability capabilities that will let artists and designers mint on Cosmos and move their assets for exchange on other IBC-linked chains, the multi-chain composability gap in the NFT industry will be filled by this capability.
Native Interchain NFTs Implementation
Through native implementation, AssetMantle hopes to encourage the wider adoption of cross-chain NFTs. Instead of being implemented at the smart contract level, the NFT module is implemented at the native application logic level.
Also, rather than using approved smart contract bridges, artists and creators can easily transport NFTs across chains using the chain’s natural interoperability protocol.
AssetMantle uses the interNFT standard for minting NFTs. Hence, NFT creators now have an unmatched ability to combine up to 22 different features.
Unlike earlier NFT standards like ERC-721, which specify metadata at the application level, interNFT standardizes metadata at the protocol level. This makes it possible to use NFTs between blockchains and metaverses without the need for PoS gateways.
Ownership Of Fractionalized Assets
AssetMantle offers fractional ownership of assets, allowing multiple people to jointly own a valued NFT object. Percentage representations of ownership rights are available for trade between the parties. In addition, royalties from secondary sales are sent to NFT’s fractional owners in accordance with their ownership stakes and variable splits.
The $MNTL token plays several pivotal roles that guarantee the smooth operation of the Mantle chain as it enables its holders to:
Participate in governance
Carry out NFT transactions.
Participate in chain security
In conclusion, AssetMantle not only allows NFT creators to easily customize their marketplace using a user interface, but it also offers tons of amazing features that promise to revolutionize the NFT space.
AssetMantle also makes it possible to use NFTs for things like tokenized tickets, collectibles, and digital artwork. To find out more about AssetMantle and keep in touch with their recent news and developments check out the following links: