What Is Stargaze and Why in/Habitants Comic Is There?
The world is already leveraging the benefits that NFT, blockchain, cryptocurrency, and Web3 in general provide to them. We have already discussed why Web3 is the future for creators and the benefits it brings to the creator economy.
With so many options for making, buying, or selling NFTs, which one is ideal? Well, there’s no “1” answer to the question but we can certainly talk about why in/habitants chose Stargaze as its choice of launching their NFTs in the blockchain world. So let’s talk about all you need to know about Stargaze and what makes it unique.
What is Stargaze?
Stargaze is a completely decentralized layer-1 proof-of-stake protocol and it is built on top of the Cosmos blockchain. Since most of the NFT marketplaces reside on Ethereum, some bottlenecks and limitations are bound to happen. However, Stargaze aims to solve all of those problems, making the world of NFTs fully decentralized while giving the users all the control that they want.
The thing that sets Stargaze aside from other NFT marketplaces is that right off the bat, it features almost negligible gas fees and has an NFT launchpad which is essentially an NFT marketplace for selling and buying NFTs.
Everything done on Stargaze is by using their native token called STARS and you can use it to mint, provide network fees, vote, and a lot more. What’s unique about Stargaze is also its interoperability which lets it interoperate with most blockchains including Ethereum and Cosmos.
The company was originally founded in 2020 but the mainnet launched on October 10, 2021. The main reason for Stargaze’s emergence was to solve the problems that Ethereum-based marketplaces had. For example, the scalability issue of Ethereum was real at that time but Stargaze not only aimed to solve scalability but also gave users complete control, making the whole marketplace decentralized.
Stargaze does not suffer from any scalability issues thanks to the Cosmos ecosystem and the overall marketplace is quite transparent and user-friendly too.
How Does it Work?
Stargaze is a decentralized community-driven PoS marketplace that allows users to mint and trade NFTs. Since the platform is decentralized, the community users will vote with their smart tokens and vote for the company’s future.
Stargaze is an application-specific chain for NFTs as opposed to a regular blockchain. Moreover, with Cosmos, developers can develop a marketplace that allows permissionless contracts and Stargaze is one of them.
The whole control of Stargaze is to the community users and the community discusses, makes decisions, and then implements those changes by doing the governance voting using smart contracts.
The STARS token is Stargaze’s native token that can be used to pay for the network transaction fees. It is the native currency of the platform that you will need to buy to do business in it.
What Makes Stargaze Different from Its Competitors?
Nowadays, NFT marketplaces have a plethora of problems that make them not-so-secure in the eyes of privacy lovers. Centralization, bad security, no flexibility, high gas fees, scams, and a lot more, these things are bound to happen but Stargaze has the mission to solve these issues.
Stargaze does a lot of things differently and better than a lot of competitors. So let’s talk about them.
1. Security
Marketplaces like Solana and Ethereum work as “applications” since they are built as applications. Hence, they have to rely on validators to have good security. But with Stargaze, the platform has its chain with more than 100 real and respectable validators that are securing the network. Moreover, Stargaze is built using CosmWasm which is considered to be more secure than the Ethereum Virtual Machine (EVM).
2. True Decentralization
CurationDAO is the new DAO that Stargaze introduced in its platform. It is membership-based and also decentralized so security once again isn’t a threat. CurationDAO is also responsible for adding the art of the platform which makes the network even more secure and reduces the chances of scams.
3. Low Transaction Fees
Another unique aspect is the transaction fee. It is almost non-existent than what we have seen in some other marketplaces, making it a great NFT platform to trade. Stargaze still added some fees because it would prevent spam.
Why are in/habitants on Stargaze?
in/habitants is working with Stargaze to launch its NFT since Cosmos is a 3rd generation blockchain, a really powerful one, with interchain (IBC). in/habitants believe that the future of blockchain is interoperability and protocols like Cosmos or Polkadots are better at interoperability.
in/habitants like to be on different chains because in their opinion, the future of blockchain is interchain and that’s why they are on multiple chains, believing in a future where they will be more connected, and not putting their hope in a single chain that will dominate them all.
Moreover, there are some cool projects on Stargaze like badkids and Anyo that got the hype for their unique features and drawings. Both projects leveraged Stargaze to maximize their customization projects which is precisely why we recommend the creators launch their NFTs on Stargaze as well.
in/habitants believe that the future of content creation is decentralization and control over your data. Hence, services like Stargaze make the job easy for creators to have an extra source of income and a chain to further get exposure into the future and web3.
Ps. in/habitants is not live on the Stargaze platform yet (working on it). But you can already find us on Stargaze discord through this channel direct link. For updates on this, this page.
Disclaimer: The views and opinions expressed in this content are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.