Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products, providing sovereign environments for decentralized/institutional finance applications to be developed and operated. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in a variety of areas, whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors.
The Internet disintermediated the Media & Communications industry. Using HTTP, SMTP and TCP/IP as the foundational layers, the cost of information exchange was significantly lowered. Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence aims to enable and create a suite of bleeding edge financial products in niches ranging from staking-as-a-service and tokenized real-world debt to digital art.
Persistence is working on several solutions for various use cases. Among them, the Persistence Software Development Kit (SDK) is a set of standardized modules that can be used to model marketplaces for the easy exchange of value. Modules of the SDK can be integrated into existing applications. Alternatively, the modules can be used in different permutations and combinations to spin up entirely new marketplaces.
Asset Mantle is an application implementing the minimum clique of PersistenceSDK modules enabling interchain NFT definition, issuance, ownership transfer, and decentralized exchange, allowing anyone to build their own NFT marketplace. Another one of the products being built is pStake, allowing users to securely stake assets over multiple chains to earn staking rewards and receive 1:1 pegged staked representative tokens, which can be used in DeFi to generate additional yield.