Stargaze September Updates

Welcome to Stargaze Updates. In this edition, we’re excited to share some remarkable developments that have taken place in September. From major integrations such as MetaMask to community-driven platforms like Once Upon. Let’s dive right in.

☆ Major updates

The introduction of MetaMask into the Stargaze NFT marketplace represents a significant step forward in expanding the functionality and accessibility of our platform.

According to a report by EarthWeb, “There are more than 21 million monthly active users of Metamask” (Source: link).

The Leap Wallet team played a pivotal role in this integration by creating a Cosmos Snap. This Snap enables users to utilize their MetaMask wallets for signing transactions seamlessly.

Squid router Integration: Squid’s arrival in the Cosmos ecosystem enables cross-chain token swaps among an impressive 48 Cosmos chains and the 14 EVM chains it already supports. Users can now effortlessly transfer and convert a variety of tokens within and across the Cosmos and EVM ecosystems.

The integration with Stargaze is particularly significant, allowing seamless navigation between Ethereum and Stargaze, bridging the gap between these ecosystems and simplifying cross-chain interoperability.

☆ Metrics

September marked a significant milestone as we celebrated the minting of 1 million NFTs. We extend our heartfelt gratitude to all the creators who contributed to this remarkable achievement.

Non-inclusive of primary sales
Non-inclusive of primary sales
  • Total Marketplace Secondary Sales: $7,052,242.00

  • NFT Sales: 232,022

  • NFT Buyers: 20,994

  • Creator Royalty Earnings: $171,790.00

Non-inclusive of primary sales
Non-inclusive of primary sales

Marketplace Revenue: Stakers earn real yield from half of Marketplace revenue.

  • Cumulative Revenue (Fair Burn): $156,530.00

  • Burned: 12.37M STARS

  • Sent to Community Pool: 5.84M STARS

  • 686 auctions created in September
  • 1,576 bids placed for the September

☆ Announcements

We’re thrilled to welcome the Rekt Gang and their exclusive Rekt Bulls NFT collection to Stargaze. A community vote took place where Stargaze competed against Base, an Ethereum Layer 2 solution incubated by Coinbase, represents a significant milestone in their multichain journey. Notably, Stargaze secured an overwhelming majority in the vote, reflecting our robust infrastructure, active community, and shared vision for the future of NFTs. We’re eager to collaborate with the Rekt Gang community to create exciting opportunities for our users and the broader NFT community.

Who is the Rekt Gang? The Rekt Gang is a dynamic blockchain community known for its commitment to embracing diversity and exploring opportunities across various blockchains. With a strong focus on collaborative NFT art projects, Rekt Gang has embarked on a multichain expansion journey to connect with diverse crypto communities and foster inclusivity within the blockchain space.

Collection Analytics improvement:

Every collection features its unique analytics page.

  • Performance metrics.

  • Marketplace data.

  • Collection information.

Trust Wallet adds staking option for Stargaze.

Feel free to post on the governance discussion forum in the Stargaze Discord, and your post will automatically appear on the Commonwealth. We’d like to extend our thanks to the Commonwealth team for enabling this feature.

Once Upon, a unique storytelling platform that uses Stargaze NFTs, created by Fabo Web and passed through Governance with the support from the Stargaze community. Once Upon empowers you to become a storyteller. Collaborate with the community, co-author stories, and earn shares in these narratives by contributing to chapters. Whether you’re an experienced writer or prefer AI assistance, Once Upon welcomes all creators.

The Stargaze team successfully resolved a rarity issue with Racoon NFTs stemming from the Secret to Stargaze migration. Initially, Racoon NFTs had a custom rarity metric on Secret, while Stargaze employed a more universal rarity metric commonly used in the world of NFTs.

This universal metric assigns more rarity points to less frequent attributes within a collection. To ensure a fair representation of rarity, the Stargaze team made adjustments, particularly regarding the “style” trait, which was deemed purely aesthetic. These adjustments on Stargaze balanced the rarity points assigned to attributes, resolving the discrepancy and aligning the rarity metric more closely with the NFT industry standard.

Have you ever wondered what Bad Kids NFT you look like? Try out the Bad Kids selfie matching app by Wormhole and see for yourself.

☆ Governance

Contracts

Passed Prop #221: Stargaze Proposal: Deploying Interchain NFT Contracts (aka Outgoing Proxy and ICS721 Contracts)

  • This proposal allows the deployment of critical contracts essential for interchain NFT transfers across Stargaze, Juno, and Terra.

Passed Prop #220: Reduce Auctions Extend Duration

  • This proposal reduces the extend duration live auction bid time from 15 minutes to 5.

Passed Prop #219: IBC Minter Fees

  • IBC Minter gives an opportunity to create a new fee structure. The Stargaze team would like to propose the following:
  1. 50% of the IBC Minter fees go to the Stargaze Foundation.

  2. 50% of the IBC Minter fees are used to buy STARS back and burn them.

Community Pool

Failed Prop #223: Bootstrapping the STARS pool on Cosmos Millions Community Pool Spend Proposal

  • 8M STARS to bootstrap Cosmos Millions STARS pool, which will be staked: stake rewards used as prizes.

Passed Prop #217: Liquid Stake the OSMO in the Community Pool

  • Liquid stake 246,805 OSMO tokens from Stargaze’s community pool into stOSMO, allowing these assets to earn rewards while remaining liquid and contributing to Osmosis chain security.

☆ Twitter Spaces

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

What’s on the Horizon

  • Infinity Swap is undergoing internal testing.

  • NFT DAOs.

  • IBC Minter.

  • Sealed-bid auctions.

  • Perform pre and post mint actions with Mint Hooks.

  • Interchain NFT transfers.

  • NFT bundles.

  • IBC chatroom with Friend Tech like features.

In conclusion, September has brought about substantial progress in the Stargaze ecosystem, with notable achievements like the integration of MetaMask and the celebration of over 1 million minted NFTs. These milestones, along with exciting marketplace improvements on the horizon, reaffirm our dedication to pushing the boundaries of NFT innovation.

STARGAZE

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

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