Connect with us

Cargo.build

ExpandShrink Full Description
https://cargo.build/

Cargo.build is a secure marketplace where users create, manage, showcase and sell digital assets. The assets supported by the platform include tradable blockchain gaming items, rare crypto art, secure tickets and access tokens supporting the users’ businesses or projects. Sean Papanikolas founded the platform in 2020 after a series of research and experimentation in the Ethereum ecosystems,

The platform supports a unique system for the creation and tracking of a large amount of NFTs. Once a creator deploys one of the platform’s smart contracts, they can use Cargo credits to create as many NFTs as they want in one transaction. The system saves hundreds or thousands of dollars, especially when creating NFTs at scale. In Cargo, collectibles are locked with AES-256 encryption that the current collectible and owner can only unlock. Additionally, Cargo provides an advanced JavaScript SDK, enabling dApps to leverage Cargo’s NFT infrastructure. Since Cargo’s scalable platform is flexible, users explore unique economic models facilitating new use cases for the NFT assets.

The marketplace is driven by two different fungible ERC-20 tokens, i.e., Cargo Credits and Cargo Gems. Cargo Credits token is used in the creation of collectibles on Cargo. The token is purchased in packs, so users have a range of options, e.g., whether to adopt NFT novices or enterprises. Cargo Gems is the platform’s utility token. It functions as a governance token as well as a payment option on the Cargo platform. The token is staked inside of NFTs for token rewards.

The platform has a staking portal, where users stake Cargo Gems with any compatible NFT that is an ERC-721. For the staking to be Compatible, the NFT contract must be an ERC-165 interface of ERC-721. The staked NFTs earn the user Gem yield and Cargo credits. The staking smart contract enables any user to retain NFTs while still earning rewards from the staking. Users, therefore, transfer their NFTs to a cold wallet while earning rewards. The users are free to transfer NFT to a new owner or wallet, and the receiver of the NFT withdraws the staked and earned Gems through the staking portal.

Cargo Gem is distributed based on blocks which are mined on the Ethereum blockchain. Users claim stake rewards at any time via the staking portal. The rewards are used to increase the stake, or an individual can withdraw them to their wallets.

The platform has a decentralized organization known as the Cargo DAO, which complements the Cargo Gems as a payment option. The Cargo DAO deploys Creator Grants, which are pools of Cargo Credits designed to subsidize the expenses associated with the minting of NFTs on Cargo. Creator Grants are distributed in batches. It enables Cargo Gem holders to vote for their favorite games studios, artists and designers while staking their holdings within NFTs.

Essential highlights on the platform’s website

  • Dashboard- it is the section where users log into their accounts. It also enables users to view their profile, showcases, orders, products as well as access the other sections of the website.
  • Marketplace- it provides the top showcases, collectibles from the community. It is where the user chooses the staking token to use while trading.
  • Gem portal – it is a mining portal that enables users to view the Gems staked per NFTs and the rewards won in that day.
  • Docs- gives background information about the marketplace, e.g., the terms, features introduction and how to use the marketplace.
  • Contacts- the section provides relevant information to contact the marketplace in case of concerns or queries.

The marketplace is used and managed by a community, which is available to the public. Though built on an Ethereum blockchain, it has two native tokens.

Cargo.build's Upcoming NFT Drops

Nothing found, please check back later!

Advertise With Us

Unlock a wide range of advertising
opportunities with MetaNews to reach the
fast-paced meta world.

Publish Your PR

Share your press release with
MetaNews’s growing global audience,
fans, and followers.

Subscribe

Sign up here to get news & updates right to your inbox!

Copyright © 1997 – 2022 MetaNews All Rights Reserved

Copyright © 1997 - 2022 MetaNews All Rights Reserved