The Future is Multi-Chain
Faced with the rapid pace of expansion both in the blockchain industry and decentralized finance (DeFi), it is increasingly apparent that the scalability and functionality of monolithic blockchains struggle to meet the demands of this growth.
To accommodate these demands, the future must be multichain, enabling seamless interactions, communication, and operability between blockchains. So we are thrilled to welcome MintedVodka, a pioneering multichain all-in-one NFT toolbox by GAT Network, to Touchpoint.
Let's let MintedVodka introduce itself.
MintedVodka is a multichain all-in-one NFT toolbox that includes a myriad of different tools for managing, trading, creating/minting, and collaboration. Our vision is to become the main meeting point for NFT creators and users in the IOTA/Shimmer ecosystem.
Our multi-chain approach will create a powerful and flexible NFT and digital assets platform. Several EVM chains have already been onboarded, others will follow. Designed with low fees in mind, our platform boasts zero listing fees, flat fees for any kind of trade, and a series of free and unique minting and collaboration features for NFT creators. MintedVodka doesn’t fall short on staking utilities either, with users soon being able to stake GATe, the MintedVodka native token, to participate in our rewards system. Also, in the coming months, users will be able to customize their own farms and other projects will be able to onboard with their own NFT tokens.
We see openness, innovation, and interoperability as key to MintedVodka, with the possibility for users to create their own NFT shops, on any chain, with any collection. For instance, in the near future, we will launch game minting for millions of indie game developers to mint software as NFTs. This ability has been showcased by our proof-of-concept project, GameAce.
Another recent addition to our platform is the ability to enable cross-chain functionalities. Any NFTs minted on MintedVodka, whether digital art or software, are automatically bridgeable to all current and future supported chains.
Our team has a long history in IOTA. Back in 2017, we were involved in the development of auto-peering and node software. Roman Semko is well known as a high-grade developer within the friendly and vibrant IOTA community.
MintedVodka is especially excited about IOTA’s sharded architecture, which enables horizontal scaling. Side-chains are the future of scaling: we’ve seen congestion happen on many popular EVM chains that are now trying to move in this direction, too. It’s hard to make the switch when the chain technology is already live, though; It’s much better to do things right from the start!
The business logic of our products is almost entirely built on-chain into the smart contracts. This makes our solutions a bit more complex and demanding than most other on-chain projects. This allows us to work together with Assembly engineers and give feedback about our integration and Assembly's performance. If it works for MintedVodka, it will work for other projects, too!
Make sure to follow @MintedVodka on Twitter and stay updated about the project.
Minted Vodka joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer network. You can learn more about how Touchpoint works and how to become a part of it here.
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.
Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.
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