GuShiio.com On March 7, Mint Blockchain announced that its native token $MINT officially completed the Token Generation Event (TGE) and launched multiple trading platforms simultaneously. As a core member of Optimism Superchain, Mint Blockchain is promoting the standardization and liquidity of NFT assets in an effort to create the world’s leading NFT Layer2 solution.
Author: Zen, PANews
On March 7, Mint Blockchain announced that its native token $MINT officially completed the Token Generation Event (TGE) and simultaneously launched multiple trading platforms such as Gate.io, Bitget, MEXC, BingX, and BitMart. As a core member of Optimism Superchain, Mint Blockchain is promoting the standardization and liquidity of NFT assets in an effort to create the world’s leading NFT Layer2 solution.
NFT focused Layer2 network
As an effective way to prove asset ownership, after years of exploration, NFT has been widely used in many fields covering games, art, AI agencies, AIGC, intellectual property, ticketing, membership systems, reputation systems, digital identity social interactions and brand marketing. However, challenges such as low standardization of NFT assets, insufficient liquidity, and chaotic data rights management have always restricted the further development of this emerging technology. To this end, NFTScan Labs, the mainstream NFT data service provider in the market, and the MintCore development team have launched Mint Blockchain, a decentralized network focusing on the NFT field, aiming to solve the above pain points and provide developers with a more secure, stable and efficient development environment.
Mint Blockchain is an Ethereum Layer2 network built on OP Stack. It began development in October 202 and will be launched on the main network in May 2024. The DA layer of Mint Blockchain relies on the Ethereum main network to ensure security through Ethereum’s consensus mechanism. Due to full EVM compatibility, Ethereum developers can seamlessly extend their projects to Mint Blockchain. As a Layer2 extension network, Mint Blockchain significantly reduces gas bills and enhances the scalability of the Ethereum ecosystem. In addition, as a core member of Optimism Superchain, Mint Blockchain is also a strategic partner of the Optimism Foundation in the Asia-Pacific region, aiming to jointly promote the development and brand building of Superchain in the Asian market.
In addition to its in-depth cooperation with the Optimism Foundation, Mint Blockchain has also received support from a number of well-known institutions in the industry in terms of development funds and project resources. In May last year, Mint Blockchain announced that it had completed a US$5 million seed round of financing, with investments from Jsquare, SNZ, Antal Ventures, Mask Network, BlockAI Ventures, Predator Capital, Whitelist Ventures, PANONY Group and other institutions. The funds will be used to build Mint Blockchain’s global market brand and build NFT infrastructure.
Five modules serve the entire life cycle of NFT assets
Based on its positioning as a decentralized network dedicated to serving NFT assets, Mint Blockchain is committed to serving the entire life cycle of NFT assets from issuance to transaction settlement to on-chain data indexing. Therefore, Mint Blockchain is actively developing a comprehensive open source infrastructure, including five core modules: NIPs platform, Mint Studio, IP layer, Mint Liquid and NFT-AI agent:
Mint Studio：An NFT creation tool specifically designed for creators and developers that supports casting text, images, audio and video into NFT across networks such as Mint Blockchain, Berachain, Base, Optimism and BNBChain.
IP Layer: It provides IP asset services to more than 20 NFTs on blockchain, including Ethereum, Mint Blockchain, Solana, Berachain, Base, Optimism and BNBChain. It allows users to register and price their NFT assets online, thereby realizing royalties.
Mint Liquid：A multi-chain liquidity solution that supports NFT and token trading, built using protocols such as Superchain, ERC7683, Uniswap, and Across Protocol. It supports cross-chain liquidity aggregation and asset interoperability.
RWA-Rareshop：The world’s first consumer-facing RWA NFT market uses the ERC7765 asset protocol standard to provide functions such as encrypted payment, privacy protection, pre-sales, giveaway and physical delivery, providing global brands with a comprehensive Web3 solution.
NFT-AIAgent:NFT-AI Agent integrates with NFTScan, Mint Studio, IP Layer and Mint Liquid to provide NFT image recognition, on-chain NFT data retrieval, Token/NFT on-chain trading and NFT market trend analysis functions.
Through the above functions, new Web3 projects can use it to issue Genesis NFT, NFT POAP, SBT, and NFT PASS, and the Web2 brand can be used to issue NFT IP, NFT tickets, NFT digital identities, and RWA NFT. In addition, Mint Blockchain can also provide community cold start solutions for Web3 projects; provide one-stop NFT solutions for traditional enterprises; and provide one-stop NFT publishing services for influential individuals;
The goal of Mint Blockchain is to make NFT the most unrestricted value carrier in the crypto world. It aims to use NFT to connect global users and AI Agents, allowing every individual in human society (including humans and AI Agents) to freely own NFT assets. To realize these visions, Mint Blockchain introduces incentives at the economic model level to promote innovation in NFT asset protocols and consumer applications, and will focus on rewarding innovative asset protocol developers. Currently, Mint Blockchain has planned incentive methods include:
Earn NFT:Encourage creators to create new NFT assets within the Mint ecosystem;
MintEcological Fund:Invest in and support native applications and development teams within the Mint ecosystem;
ETH Gas Reward:Reward excellent protocol standards and applications through ETH gas incentives;
RetroPGFMechanism:Provide long-term retrospective rewards for infrastructure builders in the Mint ecosystem.
The first SuperchainERC20 standard token with innovative pledge and re-pledge mechanisms
On March 7, Mint Blockchain’s native token,$MINT, officially underwent TGE and launched Gate.io. As the first utility token of Superchain,$MINT uses the SuperchainERC20 token standard and is Optimism interoperable. According to its token economics, the total supply of $MINT is 1 billion, of which 82% will be allocated to community builders, early supporters and ecosystem developers. Specifically: 50% will be allocated to MintDAO;20% will be allocated to startup contributors; and 12% will be used for community airdrops. Another 18% of the total is owned by the MintCore team.
In the Mint Blockchain ecosystem,$MINT will be used to coordinate all value streams. The utility of its tokens is mainly reflected in governance, ecosystem incentives, use and pledge, and asset pricing. That is,$MINT is used to encourage developers to build and promote the development of the ecosystem, and its holders will have voting rights and can participate in the governance of the Mint network; as the native cryptocurrency of Mint Blockchain,$MINT is an official asset used within the network. It is also a designated pledge asset for network verifiers; in addition,$MINT can be used for asset pricing and transaction pricing during the issuance of real-world assets (RWAs), NFTs, Tokens, Meme and other assets on the Mint blockchain network.
After $MINT performs TGE, Mint Blockchain will realize decentralized distribution of online transaction ranking rewards through the $MINT Staking Retaking mechanism, and it will also become the first Layer2 network to decentralize network revenue. Users will be able to participate in $MINT pledges through the MintBlockchain decentralized pledge protocol MintPool, and will also support pledging ETH and NFT assets. Users who participate in $MINT pledge and re-pledge will receive two levels of rewards:
The first level: The annual interest rate of $MINT is 15% as a pledge reward.
Level 2: 50% of the net ETH proceeds of MintBlockchain’s sorter revenue is used as a re-pledge reward.
This Staking Retaking mechanism will greatly improve the financial efficiency of $MINT tokens, enhance the security of the Mint blockchain network, stabilize the ecosystem economy, and achieve decentralized distribution of network sequencer revenue rewards. It also enables communities to derive long-term benefits from the development of the Mint blockchain, enhances consensus within communities and promotes active participation in the development of ecosystems.
MintDAOPromote community and ecological growth，Private brand IP Minty NFT unveiled
MintDAO is a decentralized autonomous organization (DAO) in the Mint blockchain ecosystem that, as mentioned above, will manage 50% of the total supply of $MINT, or 500 million $MINT tokens, through multi-signature wallets. In addition, a portion of the ETH proceeds generated by the Mint blockchain network classifier, as well as the investment return of the Mint Ecological Fund, will be allocated to the MintDAO vault.
With the development of the Mint ecosystem, the multi-signature authority of MintDAO will be gradually delegated to the core organizations and builders in the Mint ecosystem, aiming to achieve decentralized governance of ecosystem development.
In terms of ecological economic system, MintDAO is responsible for providing early liquidity for $MINT assets and providing pledge rewards for $MINT tokens; in terms of brand promotion and community growth, MintDAO promotes community development through the creation of MintHub and promotes Mint Blockchain globally, enhances brand exposure and perception, and expands adoption in the NFT market; In terms of ecosystem development, MintDAO directly manages the Mint Ecological Fund, invests in innovative products and agreements within the ecosystem, and will hold online and offline developer events.
Based on the inherent advantages of NFT community culture, Mint Blockchain is currently conducting community-based operations around its private brand IP “Minty NFT Collection” and distributing them to valuable community participants and KOL and practitioners in the NFT industry. In addition, during the Singapore Token2049 held in September this year, Mint Blockchain will hold Minty IP’s offline community activities and distribute the first batch of physical surroundings. In the future, the community will also conduct extensive multi-brand joint cooperation, launch joint products, products, and activities, gradually carry out commercial operations, and build Minty NFT Collection into a blue-chip NFT asset.
Overall, with the official launch of $MINT, Mint Blockchain is accelerating the construction of a decentralized infrastructure for NFT assets and promoting the development of NFT asset protocols and consumer applications. Through technological innovation, ecological incentives and community building, Mint Blockchain aims to make NFT the most unrestricted value carrier in the crypto world and connect users and AI Agents around the world.
In the future, Mint Blockchain will continue to expand its application scenarios, promote the deep integration of NFT technology and the real world, and bring more innovations and opportunities to the global NFT ecosystem.
