EXPERIMENTAL NEW “ASTEROID” INSCRIPTIONS PROTOCOL BRINGS TOKENS AND NFTS TO COSMOS HUB

Summary from the TLDR Crypto newsletter

Delphi Labs and Astroport have introduced Asteroids, a new open-source protocol for the Cosmos Hub. This advancement allows any user to include content directly on the Hub and create a new form of tokens known as Cosmos Fungible Tokens or CFT-20s. By design, the Hub doesn’t have native support for tokens or NFTs, but Asteroids changes that using inscriptions, a method of writing data to the chain popularized by Ordinals on Bitcoin.