Once perceived as a dying network, the Cosmos SDK network is now experiencing a significant resurgence. A wave of new, top-tier projects is fueling this revival, breathing new life into the network and capturing the attention of blockchain enthusiasts worldwide.
One of the newest projects on Cosmos SDK is Teritori!
Recognizing the challenges the average crypto enthusiast faces, including navigating many tools and applications, most of which lack user-friendliness—Teritori launched on the Cosmos SDK platform.
Their mission?
To offer accessible, user-oriented decentralized solutions.
What is Teritori Network?
At its core, the Teritori network is a multi-chain hub fashioned to enable interactions between IBC and non-IBC communities. This interaction enables participants to trade NFTs, create new projects, and promote existing ones.
In layman’s terms, Teritori is a super application for connecting, sharing and initiating projects between individuals and communities. The backbone of this hyped platform is the robust architecture of the Cosmos SDK.
This comprehensive platform seeks to bolster web3 experiences for individuals, builders and communities through an integrated hub of dApps.
What are Its Primary Features?
Teritori brought many unique features and tools to offer a complete set of services. When blended, the tools bring an all-in-one experience for users, including creating new projects and expanding existing ones.
So, what are these features and tools?
NFT Launchpad
The artisans of this project ingeniously implanted an NFT launchpad to enable creators to mint NFTs with ease. This launchpad features hallmarks like bulk minting, flexible mint price, time limits, and max mint per address.
This multi-chain launchpad is available for mints in ETH, Tori and Atom. The platform plans to bring the launchpad to several other chains, including Solana, Polygon and Gnoland.
Through the governance token, Teritori network participants will choose the following projects to be launched.
NFT Marketplace
The NFT business would not be complete in Teritori without a robust marketplace.
Teritori’s NFT marketplace is also multichain on purpose. It targets the Solana and Ethereum NFT communities with its multichain availability.
Its goal? Bringing more attention to the Cosmos network.
There’s still more to come within the marketplace. After the V2 upgrade, users will access analytics, filter, bulk buy and more options.
Teritori Name Service
Much like the Ethereum Name Service, Teritori’s naming service ENS uses the .tori handle. It’s among the first things to acquire when entering the Teritori ecosystem. If you want a personal or organizational profile, you will get a name for both.
Note that, TNS come in the form of NFTs tradable on the network’s marketplace.
Social Media Capabilities
Wow, decentralized social media?
With a Teritori user profile and some TORI tokens, you can access content published on the network’s social feed. Teritori splits contents into several tabs, including Jungle News Feed, Sound Feed, Video & Pic Feed, Articles Feed and Governance Feed.
In this social ecosystem, you can write and publish posts, interact, use emojis, hide and even block. It is a complete social media platform.
Multisig Wallet
Although yet to be launched, Teritori plans to launch a multi-sig wallet for its users. The idea is to ensure it is hugely accessible to the Cosmos community for every IBC network.
The Messenger
Finally, the messenger feature. Bringing P2P and multichannel chats for communities will be excellent for individuals and communities to organize.
TORI: The Token Economics
At the heart of the Teritori Network lies the TORI token, which has recently been making waves in the crypto realm. The token was designed to help in several key functionalities, including:
- Utility token — In essence, you pay for different services within the Teritori network using the TORi token.
- Governance — TORI token holders can participate in the platform’s governance by proposing and voting on various issues. The goal is to propel the network to growth.
The TORI token has been gaining value immensely in the months preceding the writing of this article. When writing this, the token was trending downward.
Its big name is already making waves in social networks, being among the most hyped projects at the time of writing.
Milestones
The Teritori network had achieved a few significant milestones at the time of writing. One of the most critical milestones is the official listing on Coinmarketcap.
On Monday, December 18th 2023, Teritori network announced on X (Twitter) the successful token listing on Coinmarketcap. Exchange listings, especially on centralized exchanges, are Teritori’s network.
Conclusion
In conclusion, the Teritori Network is an excellent venture at the heart of blockchain technology, NFTs, and social media. It uniquely combines an NFT launchpad, marketplace, and a name service alongside decentralized social media capabilities.
At its heart is its native token, TORI, which serves as its lifeblood in service provision and governance. Teritori creates a more inclusive, interactive, and user-friendly web3 experience through its innovative tools and services.
The noteworthy milestones since its birth testify to its game-changing capability within the crypto realm. As this network continues to evolve, it is undoubtedly one to watch.