Author: Zen, PANews
On March 7, Mint Blockchain announced that its native token $MINT officially completed the Token Generation Event (TGE) and was simultaneously launched on multiple trading platforms such as Gate.io, Bitget, MEXC, BingX, BitMart, etc. As a core member of the Optimism Superchain, Mint Blockchain is promoting the standardization and liquidity of NFT assets in order to create a world-leading NFT Layer2 solution.
Layer2 network focusing on NFT
As an effective way to prove asset ownership, after years of exploration, NFT has been widely used in many fields including games, art, AI agents, AIGC, intellectual property, ticketing, membership systems, reputation systems, digital identity social interaction and brand marketing. However, challenges such as low standardization of NFT assets, insufficient liquidity, and chaotic data copyright management have always restricted the further development of this emerging technology. To this end, NFTScan Labs, a mainstream NFT data service provider in the market, and the MintCore development team launched Mint Blockchain, a decentralized network focusing on the NFT field, aiming to solve the above pain points and provide developers with a safer, more 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 mainnet in May 2024. The DA layer of Mint Blockchain relies on the Ethereum mainnet and ensures security through Ethereum's consensus mechanism. Due to its full compatibility with EVM, Ethereum developers can seamlessly expand their projects to Mint Blockchain. As a Layer2 expansion network, Mint Blockchain significantly reduces gas fees 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 the 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 the completion of a $5 million seed round of financing, with Jsquare, SNZ, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, Whitelist Ventures, PANONY Group and other institutions participating in the investment. The funds will be used for Mint Blockchain's global market brand building and NFT infrastructure construction.
Five modules serve the entire life cycle of NFT assets
Based on the positioning of 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 and 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 designed for creators and developers that supports the minting of text, images, audio and video into NFTs across networks such as Mint Blockchain, Berachain, Base, Optimism and BNBChain.
IP layer: Provides IP assetization services for NFTs on more than 20 blockchains, including Ethereum, Mint Blockchain, Solana, Berachain, Base, Optimism, and BNBChain. It allows users to register and price their NFT assets on the chain, thereby realizing royalty income.
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-oriented RWA NFT marketplace, which uses the ERC7765 asset protocol standard to provide functions such as encrypted payment, privacy protection, pre-sale, gifting and physical delivery, providing comprehensive Web3 solutions for global brands.
NFT-AI Agent: NFT-AI Agent is integrated with NFTScan, Mint Studio, IP Layer and Mint Liquid to provide NFT image recognition, on-chain NFT data retrieval, Token/NFT on-chain transactions and NFT market trend analysis capabilities.
Through the above functions, new Web3 projects can use it to issue Genesis NFT, NFT POAP, SBT, NFT PASS, and Web2 brands can use it 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 issuance services for influential individuals;
Mint Blockchain aims to make NFT the most unrestricted value carrier in the crypto world. It aims to use NFT to connect global users and AI agents, so that every individual in human society (including humans and AI agents) can freely own NFT assets. In order to achieve these visions, Mint Blockchain introduces incentive mechanisms at the economic model level to promote innovation in NFT asset protocols and consumer applications, and will focus on rewarding innovative asset protocol developers. The incentive methods currently planned by Mint Blockchain include:
Earn NFTs: Encourage creators to create new NFT assets within the Mint ecosystem;
Mint Ecosystem Fund: Invest in and support native applications and development teams within the Mint ecosystem;
ETH Gas Rewards: Reward excellent protocol standards and applications through ETH gas incentives;
RetroPGF mechanism: Provide long-term retroactive rewards to infrastructure builders of the Mint ecosystem.
The first Superchain ERC20 standard token with innovative staking and re-staking mechanism
On March 7, Mint Blockchain's native token $MINT officially conducted a TGE and was launched on Gate.io. As the first utility token of Superchain, $MINT uses the SuperchainERC20 token standard and has Optimism interoperability. 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% to MintDAO; 20% to startup contributors; 12% for community airdrops. Another 18% of the total belongs to the MintCore team.
In the Mint Blockchain ecosystem, $MINT will be used to coordinate all value flows. Its token utility is mainly reflected in governance, ecosystem incentives, usage and staking, and asset pricing. That is, $MINT is used to incentivize 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; and as the native cryptocurrency of Mint Blockchain, $MINT is the official asset used within the network and the designated staking asset for network validators; in addition, $MINT can be used for asset pricing and transaction pricing during the issuance of real-world assets (RWA), NFT, Token, Meme and other assets on the Mint blockchain network.
After $MINT conducts TGE, Mint Blockchain will realize the decentralized distribution of network transaction sorting rewards through the $MINT Staking & Restaking mechanism, and it will also become the first Layer2 network to distribute network revenue in a decentralized manner. Users will be able to participate in $MINT staking through MintPool, a decentralized staking protocol on Mint Blockchain, and will also support staking of ETH and NFT assets. Users who participate in $MINT staking and restaking will receive two layers of rewards:
First layer: $MINT has an annual interest rate of 15% as a staking reward.
Second layer: 50% of the net ETH earnings from MintBlockchain’s sorter revenue as re-staking rewards.
This Staking & Restaking mechanism will greatly improve the capital efficiency of $MINT tokens, enhance the security of the Mint blockchain network, stabilize the ecosystem economy, and achieve a decentralized distribution of network sequencer revenue rewards. It also enables the community to gain long-term benefits from the development of the Mint blockchain, enhance consensus within the community and promote active participation in the development of the ecosystem.
MintDAO promotes community and ecological growth , and its own brand IP Minty NFT is launched
MintDAO is a decentralized autonomous organization (DAO) in the Mint blockchain ecosystem. As mentioned above, it will manage 50% of the total supply of $MINT, or 500 million $MINT tokens, through a multi-signature wallet. In addition, a portion of the ETH revenue generated by the Mint blockchain network classifier and the investment returns of the Mint Ecosystem Fund will be allocated to the MintDAO treasury.
As the Mint ecosystem develops, the multi-signature authority of MintDAO will be gradually delegated to core organizations and builders in the Mint ecosystem, aiming to achieve decentralized governance of ecosystem development.
In terms of the ecosystem’s economic system, MintDAO is responsible for providing early liquidity for $MINT assets and staking rewards for $MINT tokens. In terms of brand promotion and community growth, MintDAO promotes community development by creating MintHub, and promotes Mint Blockchain globally, increasing brand exposure and perception, and expanding adoption of the NFT market. In terms of ecosystem development, MintDAO directly manages the Mint Ecosystem Fund, invests in innovative products and protocols within the ecosystem, and will host online and offline developer events.
Based on the inherent advantages of NFT community culture, Mint Blockchain is currently conducting community operations around its own brand IP "Minty NFT Collection" and distributing it to valuable community participants and NFT industry KOLs and practitioners. In addition, during the Singapore Token2049 held in September this year, Mint Blockchain will hold offline community activities for Minty IP and distribute the first batch of physical peripherals. In the future, the community will also conduct extensive multi-brand joint cooperation, launch joint-branded goods and products, and activities, gradually carry out commercial operations, and build Minty NFT Collection into a blue-chip NFT asset.
In general, with the official launch of $MINT, Mint Blockchain is accelerating the construction of 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 global users and AI Agents.
In the future, Mint Blockchain will continue to expand application scenarios, promote the deep integration of NFT technology with the real world, and bring more innovations and opportunities to the global NFT ecosystem.
