Here's how Noble plans to bring interoperable RWAs to Cosmos
Jan 24, 2024
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Jelena Djuric and Sam Hart, Cosmos veterans, discuss recent advancements in the Cosmos ecosystem and Noble's partnership with Hashnote to bring the USYC token, the first cross chain real-world asset (RWA), to Cosmos. They also explore the evolution of the Cosmos ecosystem, onboarding newcomers, interest from non-crypto entities, adding real world assets, and integrations and bridges in the Cosmos ecosystem.
The Cosmos ecosystem offers modular architecture and customizable workflows, enabling the creation of highly specialized and sovereign blockchains.
Noble's partnership with Hashnote brings the first cross-chain real-world asset (RWA) to Cosmos, making it liquid, compliant, interoperable, and seamless to use.
Deep dives
The Cosmos ecosystem and its growth
The podcast episode discusses the growth and development of the Cosmos ecosystem. It mentions the three phases of evolution: the invention of Tendermint and the Cosmos white paper, the launch of the Cosmos hub, and the development of projects that leverage Cosmos' core primitives. The episode highlights the importance of the modular architecture and the customizable workflows that Cosmos offers, allowing for the creation of highly specialized and sovereign blockchains. It also explores the network effects within the ecosystem and the increasing adoption of interoperability through the Inter-Blockchain Communication Protocol (IBC). Projects like DYDX, Osmosis, and Celestia are mentioned as examples of the thriving Cosmos ecosystem.
The philosophy of Cosmos and its contrast with Ethereum
The podcast delves into the philosophy of Cosmos and its contrast with the Ethereum ecosystem. It emphasizes the open-source nature and modular architecture of Cosmos, drawing inspiration from the open innovation and reuse of primitives in free software and open-source software. The episode highlights how Cosmos enables developers to customize their workflows and build their own application-specific blockchains, contrasting with the approach of working within the Ethereum ecosystem. It also touches on the decentralized nature of Cosmos and its focus on sovereignty, enabling tailored solutions for specific use cases and industries.
The role of app chains and rollups in the Cosmos ecosystem
The podcast explores the role of app chains and rollups within the Cosmos ecosystem. It explains that app chains are suitable for projects that require deep integration and optimization of transaction flows within their systems. The podcast also discusses how rollups provide a cost optimization by breaking apart the consensus layer into data availability and proving, allowing for high scalability and efficient resource allocation. It highlights the presence of various projects utilizing both app chains and rollups within Cosmos, demonstrating the flexibility and versatility of the ecosystem in accommodating different applications and use cases.
Noble's mission and the introduction of real-world assets
The podcast features an interview with Noble, a Cosmos project focused on native asset issuance. The episode highlights Noble's mission to bring reputable entities to the Cosmos ecosystem and make assets interoperable, liquid, and easy to use. It announces the collaboration between Noble and Hash Note, an asset issuer bringing US treasury bills to the Cosmos ecosystem. The episode discusses the challenges of user experience and integration points in the crypto space and emphasizes Noble's role as an ambassador for issuers within Cosmos. It also mentions the interest of non-crypto entities, such as gaming companies and payment providers, in the Cosmos ecosystem.
Jelena Djuric is the co-founder of Noble and Sam Hart is the co-founder of Timewave Labs and the Head of Strategy at Skip Protocol.
In this episode, Djuric and Hart — both seasoned Cosmos veterans — breakdown the recent advancements that have helped the Cosmos ecosystem enter into a new era of innovation and expansion.
Djuric also announces Noble's partnership with Hashnote to bring the USYC token to the Cosmos, making USYC the first cross chain real-world asset (RWA) in the Cosmos ecosystem that is liquid, compliant, interoperable and seamless to use.
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