It’s a valid point. However, judging the protocol by recent activity is a bit unfair. Still 1,000+ members in Telegram (most of whom I assume own inscriptions on the Hub). The inscriptions still exist and will always exist on-chain, but it would be a shame to see the main UI go down without a bridging option. Promised funding for ongoing development was cancelled (even after deliverables were met), so the Ark team has been looking for a way forward. That’s not exactly the sort of environment where people will be looking to start trading/speculating. Porting over historical content and bringing a Cosmos/EVM bridge to life, however, still feels net positive to me.
More than that, though, leaving Asteroid hanging feels like the Hub’s kicking genuine users to the curb.
Not sure what you define by “recent activity”. What I was referring to in my last comment dates back to 10 months ago, and even then, activity was close to zero.
Bought those 2 NFTs 10 months ago and… it’s still the last to buy on this collection, which seems to be the case for most collections anyway.
But yeah.. maybe 1.5 years ago it has some activity I’m not aware of. UI isn’t terrible, but it’s very poor feature wise.
I’m not against improving it, make bridges so NFTs can move around. I guess if Mad Scientist, sloths, BK could be bridge there we would see volume through arbitrage, but AFAIK there is no NFT from Asteroid that have gather interest.
This is a great use case to bring culture…we cant have all “serious apps” that try to overthrow or supplement the world financial system…we need some degen/speculative stuff that more people can relate too…for the funds asked and the potential it can bring, it seems like a no brainer
I find this proposal really interesting and with great potential to expand the Cosmos ecosystem. By establishing an NFT bridge from Ethereum to Cosmos, it opens up many new opportunities, especially for NFT enthusiasts, DeFi users, and metaverse applications.
What’s great about it?
Smooth NFT interoperability — Ethereum NFTs can move into Cosmos, allowing more users to participate without being limited by a single chain.
A more vibrant Cosmos ecosystem — With wider NFT access, activity and innovation within Cosmos are bound to increase.
Boosts IBC usage — This bridge could be a catalyst for more secure and seamless cross-chain transactions.
Points to watch out for
Bridge security — Since this involves high-value assets, thorough security audits are essential before launching.
Ethereum gas fees — Still a major challenge; solutions to reduce cost burden on users need consideration.
NFT data management — NFT metadata must be carefully maintained to avoid issues when moving between Ethereum and Cosmos.
My suggestions
Conduct extensive testing and security audits before mainnet launch.
Ensure the bridge is modular and upgradeable to handle future tech or security updates.
Provide incentives to encourage early adoption by users and developers.
Overall, this proposal holds significant potential to strengthen Cosmos as a true interchain hub—not just for tokens but also for NFTs from ecosystems like Ethereum. If security and cost challenges are managed well, I believe this bridge could be a real game-changer.
And you judge this proposal based on Asteroid’s volume?
This is a PUUUUBLIIIIIC GOOOOD, like Asteroid (all that went into Asteroid went back to the community anyway, one way or the other and the platform is there and working)
It’s not even about Asteroid dude, it’s about connecting people from different ecosystems, decentralization, lower fees and more creativity and users for those on Ethereum/Solana, more liquidity and more users for us on Cosmos. It’s all about this in my eyes…free movement, tools.
These are the bonuses for Stargaze, Superbolt, Asteroid, folks on Injective, abandoned eco’s like Luna, hopefully for some it will connect to Stash on Secret as well. ..and DAO DAO is really a huge elephant( in the best way possible) that still goes largely unobserved and doesn’t exist in this form on Eth or Sol…
And now, speaking about your choice of investments, it’s your choice of investments, maybe if you would have read that guys X page you would have understood what was the use for that and if it’s a suitable investment for you..Don’t judeg the potential of an app based on your timing & investment choices.
Look a little further than the tip of your nose ppl…
If this is supposed to benefit other NFT chains in the cosmos, why not ask for shared funds rather than asking everything from the cosmos hub?
Why ask for Atoms rather than USDC, which would not exert selling pressure, knowing that the hub has a USDC treasury ?
Not at all, I was just responding to previous comments saying how Asteroid is hyped, full of energy and has a big community, which is simply not true. I just don’t want people to create fake narrative to push a proposal.
In regards of the ETH bridge, I’m in fact pretty supportive but let’s not summon fake “energy” and strong community when there is none.
Edit : and in regards of my investment choice, yes it was a mistake, I should have not buy anything on Asteroid ever! Hopefully I only buy 2 NFTs (3 ATOM total so it’s not a huge loss and rather a good experience), but anyone who would have mint and buy for hundreds/thousands of dollars worth of NFTs would have been completely rekt, more than the usual cosmos rekt even.
Ooook, that is not for you to judge..check aaaany other platform where ppl mint n sell nft collections and with a whole lot of certainty any of us can say that over 60% of the stuff gets abandoned and falls far below minting price in usd…you sport a Mad scientist..why don’t you cry about ppl buying one with 800 usd worth of lab ? I’ll tell you why because it is not fair and you are way beyond partial, for you this is a way of taking revenge..for 3 atom and your off beat decision.
Maybe with this bridge being built you’ll find your buyer? Have you thought about it like that? , because that seems to be your problem and not anything else.
You realize there are people there who have really cool collections and projects? Are there fake names and collections in between? Yes, certainly, but we the rest of the creators don’t like that either and it’s not something that is easily solvable unless you have a team of kyc’ers and gatekeepers…or a solution.
and I thought it was specific to IBC eureka and cosmos EVM on the hub. since it has been abandoned how would it work? personally I vote no, because the funds would have to be requested from several chains in addition to the hub to found public good. the time when the hub funded public good is over
You seem angry, are you okay? You’re a creator on Asteroid and you don’t like that I said there’s no one on this platform?
Besides, you’re being extremely disingenuous. There’s 1,000 times more volume and trading on Stargaze than Asteroid. There are still dozens of Mad Scientists, Bad Kids, Sloths, Wale Sharks, Omies, etc. trading every day on Stargaze. Yes, prices have dropped, but we’re talking about Asteroid… lol, there’s about one purchase at 0.4 atoms every two weeks, if not less. In fact, we can’t even compare the two platforms. One is alive, even if it’s not a party right now, and the other is a ghost town. Buying a MS at 800 USD is 1000 times a better deal than buying 800 USD of any NFTs on there… your 800 USD would be 100% lost. By the way, since my first comment in this post, 2 days ago, they were not a single purchase.
Relax, everything will be fine, I already said that I was not against the NFT bridge with Etherium, and so much the better if the Ark team manages to do something good with Asteroid
EDIT : 800 USD sales are pretty rare, most of it are prob high rarity, you could buy one way cheaper at any time. Floor price was around 250/300 USD and now 150 USD, so not as a big drop as you pretend, and at least you can sell it at anytime because there is always lots of best offers and floor price buy, and people keep buying higher rarities higher than floor price
Do you really think that folks from Etherium will mint 50 cents NFTs from low quality AI generated collection without any activity for the past 10 months and from a random creator ?
The only way I can see Asteroid succeed right now is if they can bridge already sucessful NFTs from elswhere like MS, Sloths.. etc from Cosmos and ETH NFTs that can be trade on it thanks to arbitrage, THEN new collections native to Asteroid could shine, because the platform shine and have succeded to build a community through actual activity.
lol, I honestly and sincerly dont care if anyone on Eth is going to buy any of the collections you are showing or not, Jesus man,what I’m trying to say is that that is exactly what i care about, giving people the posibility to create,buy or sell anywhere based on their needs and this proposal is about building a bridge for everyone to use and that is it. The rest yoour arguments are simply hate towards the whole. That is wrong. Go brag on the profiles of those people on X or where ever. Dont drag down the app, the tool or this proposal which is about a public good, something for everyone to use across Cosmos and bridging to/from Ethereum. “From” is the more fascinating part..but also the reach that is provided to any creator on Stargaze, Asteroid, Superbolt, Magic Eden and other apps..and if you would have bothered to read you wouldnt have had to repeat some stuff…
This is the point here not your investment and opinion about one collection or the other.
You were the angry one starting to diss everyone for your choice…I didn’t diss anyone here but you associate your choices with everyone else…I dont care about the veggs, beetles, worms, mad scientists or whatever you bought, it was your choice and timing. Dont turn victim all of a sudden, you are the aggressor here and the ppl who you feel aggressed by aren’t here..go on their x and question them, those specific ppl that you have trouble with.
This is a proposal about a bridge for everyone. Not one person or the other.
Sober up, i’m not being disingenuous, i just don’t put up with your self victimization, you’re the one being disingenuous and now also twisting words. ..easier to destroy right? Did i say anything about volume or about SG? SG is awesome too, i just happen to like the Asteroid ux more plus the fact that everything on Asteroid is stored on chain(not deletable even if burnt, even if the owner wants to) … You know there are people who juggle between both platforms? You are really a super frustrated kitty cat…go purr in peace..
I dont care about your opinion(if this is how you put it) it’s just that you dissed the whole and that makes you wrong here with that.
Leave this space and time for those who actually have something constructive to say…Tagu..a true new world human, full of compassion and mindfullness( i’m sarcastic)…and u call me angry…I’m just disgusted by folks like you who just cause division. Other than that, If you support it than support it don start bashing the apps.No hate, really, sorry for the attitude..
Dont waste time on replying please! if you dont have something to say at least like the person below..yhe’s concern is that the Hub is spending money for connecting to other chains without their contribution..i find that more valid tbh but still faulty. In my understanding Cosmos is about connectivity, what else to support if not infra that supports all the chains connected to it and more?
I do not work for Ark, Asteroid, Stargaze or any other entity in the crypto space this strictly represents my opinion.
You’re the only one here attacking me personally, you look so butthurt dude. At which point did I victimized myself ? Do you really think I care about 3 atom ?
What you call “hate” is just my honest opinion about Asteroid, because you don’t like my opinion doesn’t mean it’s hate…You don’t want me to respond to you, but you keep responding, being more and more aggressive, calling me names
What do you even mean by “diss everyone” ? I’m just giving my opinion on the app, not people, unlike you.
If you had read properly what I said you would have understand I’m not even talking about any particular collection on Asteroid, last screen I have attached is just a random collection I don’t even know, I was just looking in the trending collections tab and pick randomly and show there is no activity. Same for the two NFTs I buy it was just to give an example and share my experience using the platform.
Looks like you really didn’t read my post and just answered overwhelmed by your angry feelings. When I say you’re disingenuous I mean it was kind of funny to talk about Mad Scientist dropping in price and me not being partial.. when there is more volume on MS in one day than probably all activity of Asteroid combine
While I was only talking about the platform you’re the one taking in personally and attacking me. Considering how much you take it personally it only can mean you’re either a creator or someone who mint/buy a lot of NFTs there..
EDIT :
Ok makes more sense now
Finally, I told you I’m supportive about the ETH bridge which could actually be very cool if it can bring big NFTs from Ethereum to the Cosmos, it would be a first. My only concern is that, Asteroid should not be describe as full of life, which is misleading people on here whose have the right to know the current state of the platform on which the bridge will be deploy (first?), that’s it.
We have to start somewhere. Look, cw-ics721 was initially funded by Stargaze and Juno. Later it got funded by Terra, Dorahacks, Neutron, etc. for new additional features and DevOps on multiple chains.
You may imagine how tedious this process of getting grants and building a public good that is beneficial for the whole Cosmos space.
CosmosEVM is funded by ICL and with the new AAA most CP funds will also support other projects that is beneficial for everyone. Imho, there’s no difference.
You should have made a simultaneous and segregated proposal on several chains of the cosmos with different weightings according to the mcap at the limit. AAA is not yet active. I know that it is complicated to cooperate, but proposals like these will probably no longer pass because of the precedent they send back.
I guess if the Ethereum’s NFTs are bridge to Asteroids running on Cosmos Network, and transfer fees paid in ATOM and trade in ATOM, or a part of the ETH fees collected use to buy back ATOM or stuff like that it could bring some revenue and visibilitty
My concern, which is related to my previous comments being a bit skeptical about Asteroid is, what if the NFTs don’t sell much on Asteroid because the platform lack features and users, and are bridge to other platforms like Stargaze. Volume, fees and revenue would go there while not really benefiting Atom. I’m then agree with you Guinch, that’s a risk for ATOM, funding the public good, then volume happens elsewhere. Prob we could still collect transfer fees from Cosmos Network to other Cosmos chains but the big part comes from trading NFTs, not just transfer
How many chains did Skip connect us too?
Can Ark do the same?
Regardless on which platform in Cosmos users end up choosing to wander, it’s an open option that provides value to the Hub and a real wheel according to the values and goals promoted by the Inter Chain. I would love to see a Bad Kid on Eth or Mad Scientists or any other collection from the Cosmos’s couple of marketplaces ( yup that is exactly how is see Stargaze, Superbolt, Asteroid, Ark, BackBone…Cosmos’s marketplaces, now interconnected better than anywhere else, everyone did what they could and they knew best, adding utilities and posibilities for everyone. ) and vice-versa too - from Eth to Cosmos…
Of course I am frustrated at what you are saying because you said everyone there is a scammer more or less…and unfortunately those are everywhere. I dont have any prob with the price of Mad Scientist man, it was just an example saying that you don’t criticize an application of something based on a market response at a certain time and base your argument 100% on that…kinda risky. This mitigates that a bit by providing further rails and options to ppl who are quick to think “hey i launch, sell w/e, quit, launch another one” ( that is wrong and needs mitigated). Helping people maintain dedication to the same project by providing them with more ways to expand their reach…is done by this just like Skip Protocol allows you to easily move funds from anywhere to here and back based on your specific needs not my opinion about this or that.
That is all, nothing more, nothing less. Nothing personal, no hate!
Hard to tell. Etherem NFT market is $15B afaik. Depends on marketplaces. Like on Stargaze they can be listed in ATOM.
Ark revenue generated will be staked in ATOM. Fees generated in other native tokens will be used to buy back to ATOM.
Parts of revenue will be distributed to reward Ark’s Passport and HUBbits holders in ATOM as well. If this turns out well, these 2 collections may increase ATOM trading volume.
Once it gets attractive more collections will be denominated in $ATOM. Like Mad Scientists, making $2M revenue im 12 months. Within Cosmos this is huge, but nothing compared to the big chains like Ethereum, Solana, Ripple, Tac etc.
It’s all in flux, we all need to see how much liquidity will come in from these chains.
