AssetMantle Quarterly report – Q2

This first Quarterly report will serve as a guide for navigating the significant progress made by the AssetMantle team over the last three months, as well as giving Mantlers some insight into what to expect in the near future.

AssetMantle’s first Quarter was packed with progress, with the team accomplishing multiple key milestones. After releasing the chain early in the first Quarter, followed by three months of market volatility and significant development progress, the team was ready to release Alpha-MantlePlace. This early version of the platform activates several important elements for the Genesis creators to allow them to prepare for launch, as well as allowing the community to take their unique username and enshrine it on the blockchain.

In addition, AssetMantle launched incentivized pools on Osmosis Dex, began integration with Gravity bridge & held its first governance proposal. Proposal one focused on increasing the active validator set to allow for greater decentralization and further safeguarding of the network.

From the launch of the AssetMantle chain, you can see metrics across the board have increased significantly, with several key areas such as Unique wallets and transaction volume signaling broad network adoption. You can see more live statistics from the AssetMantle chain explorer here: https://explorer.assetmantle.one

In addition to the stats above, AssetMantle ranked amongst the top 10 chains for IBC transfers throughout June, whilst pool 690 on Osmosis Dex, MNTL/OSMO, has consistently been amongst the highest overall pool reward.

The Mantle team made significant progress with respect to decentralization and chain validation, with the team retiring Foundation node 5, whilst the Foundation Delegation Program went from strength to strength. AssetMantle attracted leading validators from across the globe including:

– Cosmostation,
– Everstake,
– Citadel,
– P2P,
– Forbole,
– Dokia Capital,
– Blockscope.

& many more. You can read additional information on contributions of the validators here. In addition, the first on-chain proposal was passed. Proposal one passing meant the active validator set increased from 50 to 55.

View proposal one here: https://explorer.assetmantle.one/proposals

As well as focusing on the validator set on the AssetMantle chain, the team was busy building out a validator arm of its own, with AsGuard being born in early July; this is significant progress as it allows the Mantle team to contribute positively to the shared security of the ecosystem.

 In addition, IBC connection was established to: 

– Osmosis Dex

– Juno 

– Stargaze 

– Crescent 

– EVMOS 

– Gravity-Bridge 

These connections are vital to the continued network adoption of AssetMantle, particularly with respect to the work Mantle developers are doing on the InterNFT standard. In addition Gravity-Bridge will see increased use cases for the $MNTL token within the Ethereum ecosystem and potentially increased liquidity flows into the AssetMantle chain via Ethereum.

Looking ahead to the next quarter:
The Mantle team plans to Retire Foundation Node 4, as well as target strategic partnerships with key validators from the broader PoS ecosystem. This will greatly increase network security as well as provide greater cross-chain integrations via contributions from multiple new validators.

In addition, the team also plans to build IBC Connections and partnerships with Axelar, OKC, EVMOS. 

Throughout the first quarter, AssetMantle onboarded over 200 Genesis creators. These creators vary massively in terms of style, from street artists to audio-visual creators, purely digital artists, and much more. Through these talented creators, AssetMantle will have the most diverse offerings in terms of NFT collections.

You can find more info on our genesis creators here however below are a few notable examples for you to check out:

– NOTS NFT 

– Cyborg Humans 

– Krunk: Indie Music Label 

– Xtrathin 

– Orbics

The Mantle team has also entered into several important partnerships:

Avigation AI:
Avigation AI is a company that specializes in AI and identifies potentially viral content. Avigation will use its advanced AI technology to detect potentially viral content and convert it into mintable NFTs on AssetMantle. By creating NFTs based on the most viral and valuable content on the web, the partnership will accelerate the growth and mass adoption of the NFT market.

Droid DAO:
Droid Capital is a DAO that aims to capitalize upon an array of leading crypto native opportunities and make them accessible to public investors.

NerdHaven DAO:
Nerd Haven is a team with an incredible experience with strategizing, marketing and launching NFT projects. This partnership will provide AssetMantle with advanced strategies in the NFT space as well as help creators successfully execute their NFT projects on the platform. The NerdHaven DAO will be integral to the curation of NFTs as well as to evaluating project grant applications.

Looking ahead to the next quarter:
In Quarter two AssetMantle plans to launch the much-awaited Genesis Mint along with the support from a huge list of Genesis creators. This will allow cosmonauts to trade & mint a huge array of NFTs.

The team is also planning on integrating AssetMantle NFTs with Metasky wallet, as well as pursuing partnerships with P2E and metaverse Projects to set up the middleware infrastructure for potential further collaborations. This will be particularly important as AssetMantle is planning on facilitating metaverse-ready assets for creators collaborating with Vorlds. You will also see a deepening of the collaboration with Tankuniverse leading to the cross-pollination of utilities and Projects.

With respect to the MNTL token, there have been several key developments over the last quarter: liquidity was to Osmosis frontier in May, and after a brief period of onboarding, MNTL went live on Osmosis Dex; this was a significant step as it allowed the community to trade and provide liquidity using MNTL token.

In terms of staking, MNTL bonding ratio is currently around 48%, and stakers are currently receiving an APY of approximately 158%; you can view more staking stats on the AssetMantle chain explorer.

Osmosis Dex Liquidity Pools:
– Pool 738 MNTL / USDC
– Pool 690 MNTL / OSMO
This pool was first externally incentivized
by AssetMantle, by deploying the 2,000,000 MNTL in unclaimed airdrop rewards. Then, following the governance vote on 06/28/2022, these incentives were matched by Osmosis Dex. As a result, pool 690 was amongst the highest pools in terms of combined rewards.

You can see the current combined total APR of Osmosis pools here: www.dexmos.app

Also, you can also learn how to provide liquidity to Osmosis Pools here: https://blog.assetmantle.one/2022/07/12/how-to-provide-liquidity-to-osmosis

JunoSwap Liquidity Pools:
MNTL / JUNO

In addition, following the successful integration into Gravity-Bridge, an ERC-20 representation of the MNTL token will soon be available in other decentralized exchanges within the Ethereum ecosystem.

MNTL Integrations:
AssetMantle has had several successes integrating MNTL into multiple explorers, ranking sites, and wallets. Some of the highlights are:

– MNTL integrating into Gravity Bridge and Blockscape,
– MNTL listing on Coingecko, CMC, Mintscan, StakingRewards ,
– Wallet Integration with Cosmostation wallet, Cosmostation Extension, Everstake Wallet, Keplr beta,  Citadel.One App

Looking ahead to the next quarter:
Due to the recent integration with Gravity bridge, AssetMantle plans to deploy ERC20 MNTL on Uniswap and other EVM DEXs, in addition to listing on Sifchain within the Cosmos ecosystem. Negotiations are also ongoing for listing on top global centralized exchanges.

AssetMantle’s vision is to have MNTL tokens widely available, liquid, and free tradeable across the cryptosphere, giving AssetMantle users simple & efficient access to MNTL tokens in whichever ecosystem or platform they prefer. With respect to this, there are tons of other great MNTL developments planned, such as fiat onramps, liquid staking, integration with crypto debit cards, and much more. So stay tuned, as MNTL’s use case is about to get a whole lot bigger! 

Since 2018, AssetMantle team members have been spearheading interchain NFTs that enable the flow of non-fungible assets across the Cosmos ecosystem and eventually beyond. The platform provides a comprehensive ecosystem and marketplace framework which allows for the exchange of non-fungible assets across multiple blockchain ecosystems.

The platform uses the interNFT standard for NFT mining, where it standardizes the metadata at the protocol level. This allows users to: 

  • Have a common wallet implementation for all interNFT implementations, which can hold ownership information of multiple kinds of interNFTs from multiple chains in a single wallet for an account.
  • Natively send the ownership of interNFTs across chains through inter-chain communication protocols without a requirement for permissioned bridges or token transformation/pegging

AssetMantle’s interoperable, interchain NFTs are simply the logical and organic evolution of NFTs that will finally unlock their hidden potential. People can send their assets across multiple IBC blockchains without having to rely on bridges, thus conserving security and scalability.

As you can see, an increasing number of major blockchain players are consorting to this new paradigm, and see interNFTs as a needed evolution of the medium. In Quarter one, AssetMantle held an InterNFT dev workgroup with major players in the Cosmos ecosystem and beyond, including Polkadot and Kusama.

Looking ahead to the next quarter:
AssetMantle plans to showcase use-cases and expand the working group to include more prominent projects and developers. The community will also see InterNFT Representation in Polkadot, Near, and other prominent ecosystems.

MantleGrants:
In order to encourage broad network adoption and further ecosystem development, the Mantle team have created the MantleGrants program. The program allows any developer, artist or NFT enthusiast whose project will add value to the ecosystem to apply for a Grant to fund development, with projects like RushRaids & Myriad Flow already working within the MantleGrants program.

AssetMantle has partnered with several DAOs that will be evaluating the projects in tandem with the team. A transparent, open discussion process will ensure that the best projects are put at the forefront and gain the most attention. 

You can read more on MantleGrants and apply here: https://grants.assetmantle.one


AssetMantle is always on the lookout to connect with individuals or organizations who wish to take advantage of the opportunities present in the blockchain space and want to learn more about AssetMantle. If you wish to get in touch, please do not hesitate to reach out.

Follow AssetMantle’s social channels to stay up-to-date with the latest developments.

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