AssetMantle has picked up the game-changing mantle to revolutionize NFTs (non-fungible tokens) and the marketplaces they are traded on.
AssetMantle offers value propositions such as NFT interoperability (supported by interchain NFTs), interchain transfer, wallet agnostic NFTs, and individual storefronts. To provide these benefits, assetMantle is host to the following features so far and many more to come –
Interchain NFT Transfers
AssetMantle aims to facilitate interchain NFT transfers and exchanges for buyers and creators. Through this feature, users can transfer their NFT assets across an IBC-enabled interchain universe.
Multi-Wallet Support / Wallet Agnosticism
The NFT wallet module on assetMantle is wallet agnostic, such that one can own multiple NFT asset types in one wallet. This also means NFTs issued on multiple chains can be owned through one chain-agnostic wallet.
Customize/Build /Launch Own Store
The unique selling point of assetMantle as a Shopify of NFTs is allowing creators to set up custom-built stores, aimed at promoting aggregation, unlike most NFT marketplaces. Creators and developers alike will be able to build, customize and launch stores where they can brand their creations with a custom-made user interface, determine the percentage of royalties and the structure of NFTs to be minted.
AssetMantle also allows for maintainers’ access to be assigned to multiple users, giving them the rights to customize a storefront and build it collaboratively.
Customize NFT Metadata
AssetMantle allows creators and developers to customize the metadata of their assets. Properties of NFTs can be mutated (with support for up to 22 metadata fields), shared, and submitted even after they have been minted and verified. An NFT Metadata can optionally be revealed on-chain. In general, it is hashed on-chain for privacy preservation.
AssetMantle is built on Tendermint Core which supports higher throughput for NFT transactions. Tendermint Core uses the Delegated Proof-of-Stake (DPoS) consensus mechanism to create blocks and validate transactions. Unlike the PoW consensus, the DPoS consensus mechanism is energy-efficient and leaves fewer carbon footprints. Thus, NFTs minted on Asset Mantle are green by default.
AssetMantle supports privacy protection for every asset minted on-chain. Since every NFT is based on-chain, artists can optionally publicize the associated metadata.
Decentralized Exchange (DEX) for NFTs
AssetMantle features a decentralized exchange to enable buying, selling, and bidding of assets. The assetMantle DEX is a permissionless Web3-based application, independent of off-chain or centralized databases. It supports multiple asset types (images, audio, video, augmented reality/virtual reality, 3D, and many more) that can all be exchanged across different chains supported by interNFT Standards. Exchanges can be made on multiple fronts such as NFTs for NFTs, NFTs for tokens, tokens for NFTs.
AssetMantle supports fractional ownership of assets, whereby several parties have existing rights to a valuable NFT piece (could be an artwork, image, or a music piece) just like the shares of a public limited company. Ownership rights are calculated in percentage and can be sold among the parties involved. Royalties on secondary sales are also divided (for collaborating artists) among the fractional owners of an NFT with variable splits and to the extent of their ownership rights.
The NFT structure on assetMantle enables optional mutable metadata fields that can be mutated by NFT maintainers to represent the evolving state of an NFT.
Singular Representation of NFTs
NFT Id is a hash of immutable content of NFT. The framework follows the DID standards, and hence no two NFTs can have the same immutable content & Id.
AssetMantle NFT module integrates all the basic functional requirements of an NFT asset with no limits on expanding the functionalities to include more complex application logic, provided the integration matches the NFT interface.
Reduced Load on Interchain Protocol
The two NFT modules (NFT interface and NFT wallet) are self-sufficient which reduces the load on the interchain protocol. The modules do not need to interact with each other to sync each transaction state. Only a few transactions require communication or interoperability between the two modules. These include interchain send and burn transactions.
The NFTs on the individual marketplaces on assetMantle are identified by class or classification. As such, transactions involving these NFTs are addressed by class rather than their owners’ direct addresses. This enables NFT commoditization.
Trusted Minting, Mutation and Burn Execution and Interoperability with Private Chains
The minting, mutation, and burn logic is implemented natively on the issuing chain and is always handled by the same chain instead of handing over the mutation logic to the recipient chain on NFT transfer to a different chain. This allows for private and privately validated chains to also exchange their NFTs with other chains while ensuring the trust of the execution environment and logic privacy(if required).