This report summarizes AssetMantle’s progress and upgrades over the last two quarters in terms of ecosystem development, validators, creators, and partnerships, $MNTL token updates (APRs, pools), and the interNFT standard.
AssetMantle’s 2nd Quarter was packed with progress, with the team accomplishing multiple key milestones. After releasing the chain early in the second quarter, followed by three months of market volatility and significant development progress, the team was ready to release Alpha-MantlePlace. IBC-based swaps are empowered on the Osmosis DEX, 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 3rd quarter was fueled by rapid growth on numerous fronts. Mantleplace was upgraded from v0.1.3-alpha to v0.1.4-alpha, and the whitelist feature was enabled. The MantlePlace’s mint functionality is about to be released, making a range of functions such as NFT collection and lazy minting enabled. MNTL cryptocurrency is available on various centralized exchanges, including LBank, p2pb2b, MEXC, and Coinsbit. MNTL’s ERC level integration was accomplished via Gravity Bridge allowing $MNTL to be available on Ethereum-based DEX’ like Uniswap with a Polygon-based DEX listing coming soon. The protocol also underwent 2 audits with no critical vulnerabilities but majorly bug identification further optimizing the MantleModules
Creators and Partnerships front: In the 2nd Quarter: In order to help the Genesis developers, get ready for launch, the early version of the platform activated numerous key features in the second quarter. It also enabled the community to take their distinctive username and record it on the blockchain.
In the 3rd Quarter, Following the launch of the MantlePlace main-net, the team assisted and supported the genesis creators in moving their collections onto the MantlePlace platform, preparing them to go live. AssetMantle continued to onboard Genesis Creators with Cosmo Zombies, Alpha Citizens, and Stonepunks being the latest addition. Mantlegrants was founded to support ecosystem development by making a milestone-based grant system to fund creative and effective projects such as Glitchcandies, Myriad Flow, and others. Lastly, AssetMantle held 2 community calls with Inter-Working-Group members to discuss & standardize interNFT metadata within the cosmos ecosystem.
On the business development front, the AssetMantle team made significant strides, such as the recent collaboration with Axelar for cross-chain asset transfer using InterNFT and more. AssetMantle has appeared at several web3 conferences, including web3conf-Goa, and Token_2049.– Singapore, and the Blockchain Economy Dubai, with the founder Deepanshu Tripathi being a keynote in several events.
In the 3rd Quarter, On the ecosystem development front, metrics have gradually increased across the board, with some critical areas such as unique wallets and transaction volume signaling increasing network use despite a bear market. More live statistics from the AssetMantle chain explorer can be found at https://explorer.assetmantle.one.
The number of wallets on the blockchain crossed 95,000 while the total transactions in the past six months crossed 5 Million. The second community proposal on the AssetMantle Blockchain passed and increased the active validator set to 65 from 55. This is a step further in decentralization and the Mantle community will be aiming for a minimum of 65% staking ratio.
To read more about AssetMantle Q3 click here
Quarter 4 will witness more cross-chain Decentralized exchanges as well as major centralized exchanges listing $MNTL. The development for the InterNFT metadata standardization continues with several open-source development teams contributing and building use cases around it. Mantle Grants combined with AssetMantle’s contributor program will boost the development of AssetMantle across GameFi, Metaverses, Infrastructure tooling, cross-chain applications, and more. Several on-ground communities across the globe continue to organically grow under the Artist4Web3 initiative to educate about NFT use cases in art.