Stargaze Winter Updates
Stargaze
0x57a9
December 23rd, 2023

Welcome to the latest edition of Stargaze Updates, where innovation never rests. The platform saw incredible growth in the last few months in many areas including the increase in USD mint value (+1,161%) and number of unique minters (+66%), with big events on the horizon like The Thirdening (1/1/24).

Read on to dive into our newest adventures, including the groundbreaking Infinity Swap and IBC Minter, as we continue to push the boundaries of what’s possible. Plus, get an insider’s recap of exciting events like Cosmoverse and NFT Nashville (sponsored by Stargaze).

☆ Major Updates

Infinity Swap

In the dynamic world of NFTs, staying ahead means embracing innovation and that’s exactly what we’re offering with the launch of Infinity Swap, our NFT AMM protocol. Infinity Swap is not just one, but two powerful tools.

Swapping: Instantly swap STARS for NFTs or NFTs for STARS.

Pools: By creating your own Infinity Pool, you step into the role of a market maker, earning swap fees with every NFT transaction in your pool.

While Infinity Swap is currently in beta, it is open to all of our users. We have actively gathered feedback and made significant improvements to the UX/UI.

One of the most notable enhancements is the ability to select specific NFTs when buying from pools. For example, in the pool showcased below, users can see several “Shrimp Avatars” NFTs and have the flexibility to choose the ones they prefer. This targeted selection feature greatly enhances the user experience, offering more control and personalization.

Please join us in our Discord channel to share your feedback. Whether it’s a suggestion, a compliment, or constructive criticism, we’re all ears. Your input is the cornerstone of our development process.

Join the conversation: Infinity Swap on Discord
Learn : Infinity Swap Docs

IBC Minter

We’ve recently introduced the IBC Minter’s capability to mint in diverse assets, including USDC, USK, KUJI, and STRDST. The first collection to leverage this feature was “Owlies Voxels Through Time.”

This innovation in minting options on Stargaze has garnered significant attention from various communities within the Cosmos ecosystem. Here are two examples demonstrating the positive impact of the IBC Minter:

The Manta Squad’s mint was a resounding success, selling out within mere minutes. This remarkable achievement was further underscored by the total mint revenue of 60,000 USK and an astonishing trading volume of 3.8M STARS, showcasing the high demand and market enthusiasm for this collection.

The Plucky Penguins mint generated a total revenue of 50K USK. It was impressive to see the public mint sell out in seconds and achieve a trading volume of 3.6M STARS within just three days.

By diversifying the assets available in our NFT minter, we’re not only embracing inclusivity and accessibility but also paving the way for cross-blockchain community engagement.

This diversification aligns seamlessly with our next strategic move: redirecting mint fees from the IBC Minter to the LiquidityDAO. These fees will be paired with STARS to create Protocol-Owned Liquidity in selected DEXs.

Native NFT DAOs

The role of NFT DAOs is becoming increasingly pivotal, especially within the vibrant communities of Stargaze. There are three distinct types of Decentralized Autonomous Organization (DAO) structures that users can create on the Stargaze blockchain, utilizing the innovative DAO DAO tooling.

As an illustrative example of how an NFT-based DAO operates, consider the ‘Angry Apes’ NFT project:

  • NFTs as Governance Keys: Each NFT is not just a unique digital asset, but also a key for participating in DAO decision-making processes.

  • Member Participation Example: Sam, a member who owns five Angry Apes NFTs, stakes them to gain voting rights within the DAO.

  • Stake-based Influence: When Sam proposes an initiative (e.g., an international art exhibition featuring Angry Apes), his influence is proportional to the number of staked NFTs.

  • Community-Driven Approach: The DAO’s collective actions and decisions are driven by its members, each empowered by their stake in the NFT collection.

If you’re intrigued by the concept of leveraging digital assets for collaborative decision-making and want to be a part of an innovative movement, consider creating, exploring or joining an NFT-based DAO.

Launchpad Featured Spot

We’re trialing an innovative way to feature creators on our Launchpad: the Launchpad Featured Spot. This allows creators to bid for premier visibility, amplifying their project’s reach within the Stargaze community. Our first auction winner, ArtbyHerry, successfully bid 130K STARS.

Smart Buy Now

Smart Buy Now finds the chains where you have the deepest liquidity across the Interchain, and swaps to STARS behinds the scenes to complete the purchase. Supported assets STARS, ATOM, OSMO, USDC and KUJI.

Assets Tab

View token balances on your profile and easily deposit assets from other chains to Stargaze over IBC.

Send Assets

Send assets to anyone on Stargaze, just follow these simple steps. First, head to your profile and click on “Send Assets.” Then, select the type of asset you wish to send. Next, choose the recipient by entering their address or Stargaze name. Enter the amount you’d like to send, and finally, click on “Send.” It’s that easy.

Its now easier than ever to find what you are searching for on Stargaze Marketplace. Use Unified Search to find collections, names and wallets directly from the menu bar.

Cosmoverse 2023

At Cosmoverse in Istanbul, Shane Vitarana, co-founder of Stargaze, highlighted the platform’s achievements and future plans. Stargaze has minted over 1 million NFTs, with total sales exceeding $16 million.

A key focus was the “Bad Kids” collection, which has seen significant growth and expansion into the Ethereum ecosystem. Shane emphasized the platform’s strong infrastructure, including a multifaceted approach that combines an app chain, KMM layer, and optimized indexer.

He also introduced new features like Mint Hooks for customized NFT minting and discussed integrating DeFi elements with initiatives like Infinity Swap. Improvements in user experience and onboarding were also covered, including interchain NFT transfers and a new marketplace model. These developments demonstrate Stargaze’s commitment to advancing the NFT and DeFi space within the Cosmos ecosystem.

NFT Nashville

Stargaze was the lead sponsor of NFT Nashville, a defining event in the world of non-fungible tokens. Stargaze played a crucial role in bootstrapping this event, ensuring that it embodied the spirit of a community-driven movement.

At the heart of NFT Nashville was a insightful presentation by Shane Vitarana, co-founder of Stargaze, who delved into the fascinating world of NFT perpetuals. NFT perpetuals are financial derivatives tied to the value of non-fungible tokens (NFTs) that enable traders to speculate on NFT price movements without owning the underlying NFTs, offering potential profit opportunities from both upward and downward price swings.

In the same vein of innovation, Jorge Hernandez, co-founder of Stargaze, took the stage to discuss the dynamic nature of NFTs. Dynamic NFTs are non-fungible tokens that include embedded code or smart contracts, allowing them to change or respond to conditions and triggers, making them interactive and adaptable, with applications in areas like gaming and digital art.

We extend a heartfelt thank you to everyone who joined us at NFT Nashville.

☆ New Features

Now that we’ve covered the major updates, let’s take a quick look at some additional exciting enhancements we’ve rolled out:

☆ Metrics

October and November were exciting months. We witnessed significant growth in user engagement and marketplace activity. Let’s dive into the numbers to understand the trends. Thank you George for providing these metrics.

Unique users increased by 66.69%, while daily users rose by 73.04%. New user adoption surged by 141%, and active users grew by 36.6%. Mint volume in USD skyrocketed by 1,161%, and our marketplace expanded with a 27.43% increase in collections. Additionally, sales, seller, and buyer dynamics all showed healthy increases of 13.15%, 18.48%, and 21.69%, respectively. Earnings in USD from royalties increased by an impressive 61.61%.

☆ Announcements

The Thirdening

As we continue to refine and improve our ecosystem, a crucial date approaches - The Thirdening on January 1st, 2024.  This aligns with our new tokenomics strategy, marking a significant step in our journey. Here's what this means for Stargaze and our community: Token Emissions Reduction: Expect a 1/3 cut in token emissions, a decisive move towards sustainable growth. Revamped Tokenomics:

  • One-Off Emissions Cut: Successfully implemented in July 2023 to curb inflation.

  • Staking APR Boost: Enhanced by community pool funds, backed by renewable spending proposals.

  • Max Supply Adjustment: Reduced from 4 billion to 3 billion.

  • Annual Thirdening Events: Ensuring a steady, predictable approach to emission reductions.

Stake your STARS at Stargaze Zone Stake.

Stargaze and the Blockchain Seedbed Initiative

https://x.com/nacion_crypto/status/1711781905409212483?s=20
https://x.com/nacion_crypto/status/1711781905409212483?s=20

Over the past few months, Stargaze has been instrumental in cultivating the “Blockchain Seedbed” with system engineering students at one of Colombia’s top universities. This initiative has enabled the Nacion Crypto team to provide weekly classes on a range of foundational topics, starting from the basics of GNU/Linux Operating Systems to the intricacies of file system permissions, structure, navigation, and manipulation. Highlights of this segment include interactive workshops on Linux commands and package management, ensuring students gain hands-on experience in these critical areas.

Building Blocks of Blockchain Education
The curriculum then delves into the core of blockchain technology, covering essential subjects like the principles of blockchain and its characteristics, state machines, distributed systems, game theory, and consensus algorithms. Another key component is the comprehensive exploration of cryptocurrency wallets, including types, asymmetric cryptography, HD wallets, and multi-signature wallets, complemented by practical workshops and a challenging homework assignment to identify compilation errors. This comprehensive educational journey marks a significant step in nurturing well-rounded, blockchain-savvy professionals.

Namada RPGF Drop

If you hold a Bad Kids NFT you may be eligible for a Namada RPGF drop. The Namada RPGF Drop is live and will close on the 28th of December 2023, at 9:00am UTC.
You can check your $NAM airdrop eligibility directly from Leap wallet.

https://namada.net/blog/the-namada-rpgf-drop-is-live
https://namada.net/blog/the-namada-rpgf-drop-is-live
https://namada.net/blog/the-namada-rpgf-drop-is-live
https://namada.net/blog/the-namada-rpgf-drop-is-live

NOIS Randdrop

NOIS token airdrop for STARS stakers. Deadline: end of 2023.
Claiming link: https://randdrop.nois.network

https://x.com/NoisRNG/status/1730204723028914521?s=20
https://x.com/NoisRNG/status/1730204723028914521?s=20

☆ Governance

Passed Prop #224: This proposal outlines the deployment of a smart contract designed to distribute a fixed amount of native tokens to each owner of NFTs within a specified collection.

Passed Prop #227: This proposal aims to recover the expired client 07-tendermint-294 belonging to the ICS721 Terra connection and update it to client 07-tendermint-318.

Passed Prop #229: This proposal aims to store the Wasm code for the Nois randdrop contract. Once instantiated it will allow eligible Stargaze stakers to participate in the randdrop. For more info check the Stargaze forum post here.

Passed Prop #233: This is a funding proposal (100k STARS) to reward reports of stolen collections on Stargaze.

Passed Prop #234: This proposal aims to discontinue incentives provided for the STARS/DOT pool on pablo.finance.

☆ Featured NFT Drops

☆ Twitter Spaces

Our twitter spaces are playable through twitter, TerraSpaces audio vault or our YouTube channel.

What’s on the Horizon

We are currently exploring a variety of innovative products, each designed to merge the vibrant world of NFTs with the robust, proven mechanics of DeFi. Stay tuned as we shape a new frontier where digital art and finance intersect in groundbreaking ways.

STARGAZE

Start minting and trading NFTs today on the fastest and most powerful community owned platform.

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