“Cosmos blockchain enables engraving” Delphi Labs and others launch new feature Asteroids

Engraving with cosmos

Delphi Labs, which conducts research and development of the Web3 protocol, announced on the 17th the Asteroid Protocol, an open source framework that can perform “Inscription” on the blockchain “Cosmos Hub” of the crypto asset (virtual currency) Cosmos (ATOM). Asteroids)” was announced.

Engraving is a function that allows you to issue tokens such as NFTs (non-fungible tokens) and general tokens. The implementation of the function has spread from Bitcoin (BTC)’s Ordinals to other blockchains, and the company says, “With Asteroids, anyone can publish content forever on Cosmos Hub.” Explaining.

Hello, world!

We’re Asteroid Protocol, a brand new open-source inscriptions framework for Cosmos Hub and beyond.

Get started at https://t.co/igmRgm3c6q or read on pic.twitter.com/ai4bzSDzaN

— Asteroid Protocol (@asteroidxyz) January 16, 2024

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Asteroids is a collaboration between Delphi Labs and Cosmos’ fluidity project Astroport. Users can use Asteroids to tokenize images, text, etc., and to issue fungible tokens.

Meanwhile, Delphi Labs explains that the Asteroids software and standards are still in the experimental stage. It has not been audited, and neither Delphi Labs nor Astroport are recommending its use.

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Overview of Asteroids

Asteroids is strictly a framework, and includes an explorer, API (application programming interface), token standard “CFT-20 (Cosmos Fungible Token)”, and software.

He explained that by using Keplr wallet, anyone can issue NFT-like tokens such as images and CFT-20 tokens. The world’s first CFT-20 token called “ROIDS” was already issued on the 17th.

When Delphi Labs and colleagues were researching engraving, they felt that it was a technology that could bridge Web2 and Web3.

Before the creation of Engraving technology, developers had to learn smart contract languages ​​and Web3 development tools, but with Engraving, Web2 developers can build apps without writing smart contract code. He states that it is now possible to utilize blockchain data.

He expressed hope that the engraving could improve the functionality of Cosmos Hub and generate new fee income for validators.

Luke Saunders, co-founder of Delphi Labs, said in X:commentare doing.

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