AssetMantle offers a one-stop shop and community for NFT creators and collectors, where you can create, own, discover and collect NFTs. Founder Deepanshu Tripathi will be telling us more in this interview with TechBullion.
Hello, Mr. Tripathi! It’s a pleasure to have you here. The first thing I want to ask about is your evolution as a founder. Can you please take us through it?
Certainly, it is a pleasure to be here as well.
My name is Deepanshu Tripathi, and I am the founder and product growth lead at AssetMantle.
To begin with, I’ve been a developer for the longest time in my professional life, and my inclination toward blockchain kicked off back in 2017.
When we were building for the traditional fintech ecosystem, we realized that there were specific inevitable scalability issues. On the other hand, Blockchain was able to cross over these limitations, albeit at a lower rate of transactions (tps), and provide a single reconciliation layer for world payments.
In 2018, I was designated as the Principal Software Architect at Comdex, where we facilitated decentralized high-seas commodity trading and finance solutions. Soon enough, it turned out to be a much more robust and advanced end-to-end product with fiat settlement and escrow capabilities.
While building the entire tech stack, the team concluded that there could be much more advanced and diversified use cases. Therefore, we began building an NFT protocol to enable real-world asset tokenization. This came to be called AssetMantle.
Further, we were able to launch the testnet with support from InterChain Foundation and other projects in the Cosmos ecosystem.
To sum up, AssetMantle is a multi-tenant NFT marketplace framework that enables creators and collectors to securely mint, own, and trade digital assets on its fast-finality blockchain.
We also recently launched the AssetMantle mainnet on the 18th of April 2022.
Before we dive deeper into what AssetMantle offers, can you share some insights into how it stands out from its peers technologically?
To give a bird’s eye view, AssetMantle brings in toolsets and features that were not easily accessible by NFT creators and collectors who are not savvy with code.
Most NFT transactions have a heavy carbon footprint, and projects run on smart contracts within containers.
AssetMantle, on the other hand, has implemented DIDs and NFTs natively on top of the chain, and these tokens would be the first citizens of the chain, just like fungible tokens. This dramatically reduces the overhead of computation through containers. Further, the Delegated Proof-of-Stake (DPoS) consensus model allows nominal minting fees and minimal transaction costs.
The NFTs use the interNFT metadata standard, which facilitates the interoperability of NFTs. Further, MantlePlace offers a very intuitive experience for all users, and MantleBuilder provides complete customizability using a drag-and-drop interface that helps creators build their marketplaces.
Additionally, AssetMantle also supports fractional ownership of NFTs, commoditization, multiple file types for a wide range of creators, interchain NFT transfers, and more.
What trends have you noticed gaining traction in the NFT space? How have these trends shaped the way AssetMantle presents itself?
For a long time, NFTs were merely immutable digital files on a blockchain with little to no real-world utility. But with time, we are witnessing a long-overdue paradigm shift, in my opinion.
Several bluechip NFT projects across different ecosystems offer collectors more than a picture. They provide networking opportunities, metaverse integrations, play-to-earn capabilities, and other public use cases.
Unfortunately, such functionalities were not easy to integrate into NFT projects for creators unfamiliar with code, unlike mainstream developers. That is one of the core challenges that AssetMantle is striving to solve.
With AssetMantle, creators have a very high degree of control and flexibility over how they want to launch an NFT project.
Therefore, AssetMantle is not simply riding the bandwagon of the NFT wave. Instead, it is actively propelling the NFT space for a more substantial and better real-world impact.
What were the reasons behind choosing the Cosmos ecosystem to develop AssetMantle?
That’s a thoughtful question, and I am glad you asked.
While there are several technical reasons to choose Cosmos, one of the core reasons for choosing the Cosmos ecosystem is its open-source nature and facilitation of cross-chain interoperability.
Most blockchains are inherently siloed. Further, EVM blockchains tend to limit sovereignty.
With Cosmos, we could deploy an utterly sovereign mainnet, use interNFT standards and IBC protocol, and leverage Tendermint Core as our consensus engine.
Further, the team has been very familiar with the Cosmos ecosystem since 2017 and has built impactful products before.
Above all, the vision of Cosmos to be the internet of blockchains very much resonated with the idea that we had, i.e., blockchain and decentralization are not supposed to be just a singular chain that serves as the world’s computer.
So, keeping all these factors in mind, it is only natural for us to gravitate toward this ecosystem.
Tell us about some of the core features of AssetMantle that accompany its mainnet launch & how do you perceive AssetMantle’s growth in the years to come?
Some features that have debuted with the mainnet launch are the Mantle Wallet, Mantle Explorer, and the airdrop claiming dashboard for Osmosis LPs.
Additionally, AssetMantle has onboarded 50 validators. On the infrastructure side, the team could implement the dynamically scalable infrastructure. We catered to over 18 million user requests globally to put this into perspective.
In the coming years, we hope to push the interNFT standard to multiple chains, see a future wherein these NFTs become the norm for other projects and marketplaces, and make a significant real-world impact by redefining digital asset ownership as we know it.