Stargaze is partnering with the team at Commonwealth to use our all-in-one governance platform. The average daily NFT sales have seen a 24,333% increase from January 1, 2021 to November 26, 2021 (from ~$300,000 to $73,000,00 in sales per day). We’re excited to see their project, which solves scalability issues concerning NFTs, grow on our platform.
Stargaze: A Community-Owned Interchain NFT Marketplace
Stargaze is designed to solve many of the challenges that exist in NFT marketplaces today. While most NFT sales currently occur on Ethereum, those sales are expanding to other blockchains (including Ronin, Wax, Solana, and Flow) to address the scalability issues arising from Ethereum’s network congestion. Stargaze gives the Cosmos ecosystem a dedicated zone for NFTs that doesn’t suffer from scalability issues. It is also more secure, decentralized, transparent, and flexible than the existing NFT marketplaces.
Commonwealth: Where Decentralized Communities Come to Grow
Commonwealth is the governance tool and crypto-native community used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. We accommodate various governance processes so projects don’t need to be managed across multiple community platforms like Discord, Telegram, and other governance platforms. This allows decentralized governance, community discussions, treasury management, and more to happen all on Commonwealth.
Now that Stargaze is on Commonwealth, the organization’s community operations will be fundamentally improved. Their governance process is now seamless, with everything from discussions to crowdfunding to executing proposals happening in one place. This gives Stargaze more functionality on a streamlined system.
Stargaze’s platform on Commonwealth was built custom for their ecosystem and includes the following capabilities:
- Crypto-Native Token Forum: The Stargaze community on Commonwealth comes with full forum capabilities including threaded discussions, upvotes, user profiles, and more.
- On-Chain Governance: The Stargaze community will be able to discuss, vote, and execute on governance proposals all on-chain and with complete transparency through the new Commonwealth forum.
Participate in Stargaze’s Commonwealth Forum
The Stargaze Commonwealth forum is now live and actively used by the Stargaze community. Users are encouraged to participate in the ongoing discussions on their new platform.
The latest proposal includes:
- Allocating 70,000,000 STARS for ATOM/STARS and OSMO/STARS pools on Osmosis. This would benefit Stargaze by increasing liquidity and—more importantly—reducing price slippage. This proposal would deploy the funds to the above-mentioned pools on 1/14/2022 to coincide with the regular incentives provided by Osmosis. This proposal passed in January 2022.
The live forum can be found at https://commonwealth.im/stargaze