# JMES WORLD - Mainnet announcement 

By [LuckyLuke11](https://paragraph.com/@luckyluke11) · 2023-11-10

---

**JMES World Mainnet Launch**: Revolutionizing Art and Technology in a Decentralized Ecosystem

JMES World is delighted to announce the official launch of its mainnet, a groundbreaking milestone at the intersection of art and blockchain technology. The launch ceremony begins on Monday the 13th of November. Utilizing the Cosmos SDK and connected to Cosmos Hub through the Inter-Blockchain Communication (IBC) protocol, JMES introduces a validator-based blockchain secured by the CometBFT consensus algorithm. Central to this decentralized ecosystem is the native JMES token (symbol: JMES), designed to transform the art industry by fostering a global community that values artistic freedom, ownership, and collaboration.

**Technical Foundation:** The JMES blockchain operates on a proof-of-stake (PoS) consensus algorithm, ensuring fairness and security through an incentivized peer-to-peer (P2P) Validator network. Validators play a crucial role, with their network weight determined by the amount of staked JMES used as collateral. The top 100 validators, chosen based on stake, actively participate in consensus, validating transactions, and minting new JMES tokens, achieving a block time of approximately 5 seconds.

Delegation is a key feature, enabling any JMES holder to delegate their tokens to a validator, influencing block reward distribution. This PoS structure promotes decentralization and active user participation.

**Governance and Business Layer:** The Business Layer of JMES introduces an innovative approach to bridge real-world entities with decentralized governance. Decentralized Autonomous Organizations (DAOs) form the core of this layer, representing community-driven entities with the ability to propose, vote, and receive funding directly from the blockchain.

DAOs within the Business Layer contribute to JMES's growth by offering diverse solutions, including tokenization of real-world assets, artist management, event hosting, software development, and brand management. These DAOs play a pivotal role in stimulating user growth and economic activity within the JMES ecosystem.

**JMES envisions a decentralized global application that addresses the problem of centralization in the art industry. The platform enables individuals to secure ownership, incentives, and rights to all artworks, both physical and digital, fostering a circular economy where artists and consumers actively participate.**

**Artistic Freedom and Community:** At its core, JMES is a decentralized community for art in all its forms, providing a platform for artists to create freely without the constraints imposed by traditional industry dynamics. The ecosystem encourages the exploration of new ideas, with funding sourced directly from the blockchain. The goal is to reinvent the way art is created, experienced, and owned globally.

**Tokenomics:** With a maximum supply of 1 billion tokens, JMES employs a distinctive tokenomics model. A total premint of 10.4% of the maximum supply, is gradually unlocked to provide fixed, long-term incentives for project initiators. The initial distribution period, spanning approximately 28 days, encourages a fair launch where validators compete to mint JMES, establishing a diverse and engaged validator set.

As JMES World enters the mainnet phase, it heralds a new era where technology and art converge to redefine the boundaries of the creative landscape. The platform's commitment to decentralized governance, artistic freedom, and a circular art economy positions it as a pioneering force in the intersection of blockchain and the art world. JMES invites artists, validators, and enthusiasts to join the journey towards building the world's largest decentralized art ecosystem, where creativity knows no bounds.

**Join the Journey:**

[https://discord.gg/hg6dPAVGHa](https://discord.gg/hg6dPAVGHa)

[https://www.jmes.art/](https://www.jmes.art/)

[https://docs.jmes.art/](https://docs.jmes.art/)

---

*Originally published on [LuckyLuke11](https://paragraph.com/@luckyluke11/jmes-world-mainnet-announcement)*