Project Background
According to NFTScan statistics, in the past four years, more than 2 billion NFT assets have been issued on mainstream blockchain networks, and the current global NFT market value is at the level of hundreds of billions of US dollars. At present, 4,000 to 6,000 NFT projects are issued on the blockchain every day, and about 5 million NFT assets are added every day. As the most active encrypted asset category on the blockchain, NFT is booming.
Compared with homogeneous Token assets, NFT has better scalability and programmability. The Metadata of NFT assets can carry more information and data on the chain, which greatly enriches the decentralized data in the blockchain ledger, makes the block space more usable, and can create more effective value on the chain. At the same time, NFT assets have a rich variety of application scenarios: AI Agent, IP, RWA, AIGC, music, tickets, membership system, reputation system, digital identity, encrypted art, games, entertainment, social, brand marketing and other fields. NFT can bring a new round of industrial changes to many Web2 fields, greatly improving their operational efficiency and value capture capabilities. In the near future, we will see the Web3 digital industrial revolution led by NFT.
On another level, NFT, as a type of crypto asset that is easier for the general public to understand and accept, can efficiently spread the decentralized or distributed concepts carried by crypto technology and blockchain to all parts of the world, which will greatly promote the popularization of science education and application of blockchain technology worldwide. As a new type of crypto asset, NFT will play an important role in this process!
In the past few years of development in the NFT field, our team has seen some problems, such as low standardization of NFT assets, lack of liquidity of NFT assets, confusion of NFT data copyright, etc. These problems will have a significant impact on the NFT industry and ecology at present or in the future. Therefore, our team decided to build Mint Blockchain to provide Web3 developers with a secure and stable decentralized network and an efficient and agile development environment.
Mint Blockchain Project Basics
Mint Blockchain is an Ethereum Layer2 network jointly initiated by NFTScan Labs and MintCore developer teams. Construction began in October 2023. Mint Blockchain released the mainnet in May 2024 and entered the stage of ecological development and construction.
Mint Blockchain is an Ethereum native Layer2 network built on the OP Stack solution, and is also one of the core members of OP Superchain. The DA layer of Mint Blockchain uses the Ethereum mainnet, so the underlying ledger security of Mint Blockchain is completely built based on the Ethereum network security consensus. At the same time, Mint Blockchain is a public blockchain network that is fully compatible with EVM. Developers in the Ethereum ecosystem can seamlessly expand their projects to the Mint Blockchain network. As a Layer2 expansion network, Mint Blockchain greatly reduces the cost of gas fees for on-chain interactions, providing effective scalability for the Ethereum ecosystem.
Currently, the Mint team is building a one-stop open source underlying infrastructure on the Mint Blockchain around NFT assets, including a series of NFT infrastructures such as NIPs Platform, Mint Studio, IP Layer, Mint Liquid, NFT-AI Agent, etc.
Mint Blockchain's vision and mission: 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, and let NFT develop into the most free value carrier in the crypto world!
Mint Blockchain Core Modules
Mint Blockchain aims to create a decentralized network dedicated to serving the entire life cycle of NFT assets, from issuance to transaction settlement to on-chain data indexing. Mint Blockchain's current key modules include:
Module 1: Mint Studio
Mint Studio is a creator- and developer-friendly NFT issuance tool that supports creators and developers to cast content in text, image, audio, and video formats into NFT assets and issue them to popular blockchain networks such as Mint Blockchain, Berachain, Base, Optimism, and BNBChain.
Module 2: IP Layer
IP Layer provides IP assetization services for NFTs on 20+ blockchain networks including Ethereum, Mint Blockchain, Solana, Berachain, Base, Optimism, BNBChain, etc. Anyone can register and price the copyright of their NFT assets on the chain through IP Layer, and subsequently obtain on-chain royalty income.
IP Layer will provide creators with one-stop IP assetization services, helping them to better capture value through creation. This will comprehensively innovate the traditional copyright market and allow copyright value to be traded and settled through blockchain, which will be more efficient and fair.
Module 3: Mint Liquid
Mint Liquid is a liquidity product built by the Mint team based on protocols such as Superchain, ERC7683, Uniswap, Across Protocol, etc., which supports multi-chain NFT and Token asset transactions, and realizes multi-chain liquidity aggregation and cross-chain asset interoperability.
Mint Liquid products will greatly improve the transaction efficiency of on-chain crypto assets, reduce the friction cost of on-chain transactions, better provide price discovery capabilities for new crypto assets, and promote the prosperity and development of the on-chain trading market.
Module 4: RWA-Rareshop
RareShop is the world's first consumer-oriented RWA NFT product sales platform. RareShop uses the ERC7765 asset protocol standard to issue RWA NFT assets, providing merchants and consumers with new shopping scenarios and interaction methods, including encrypted payment, privacy protection, product pre-sale, gift giving, physical delivery and other functions, providing global brands and enterprises with one-stop Web3 digital technology solutions and marketing solutions.
The ERC7765 asset protocol standard is the RWA NFT asset protocol standard proposed by the Mint blockchain team to the Ethereum community, aiming to provide an industry standard for RWA asset issuance. Currently, the ERC7765 protocol standard has been applied in the Mint ecosystem.
Module 5: NFT-AI Agent
NFT-AI Agent is an AI Agent product focusing on the NFT field, built by the Mint team based on modules such as NFTScan, Mint Studio, IP Layer and Mint Liquid.
NFT-AI Agent has 4 basic functions:
1) NFT image recognition
2) NFT on-chain data retrieval
3) Token/NFT on-chain transactions
4) Analysis of NFT market development trends
Business summary:
Through the development and construction of the above five core modules, Mint Blockchain will build a decentralized network dedicated to serving NFT assets, from NFT asset issuance, to trading & settlement, to on-chain data indexing, serving the entire life cycle of NFT assets. Mint Blockchain aims to make NFT the largest value carrier in the crypto world, so that everyone can own NFT assets, and make NFT a free asset that links humans and AI agents.
About Mint Ecosystem Incentive Mechanism
In order to better promote the innovation of NFT asset protocol standards and consumer applications, Mint Blockchain has introduced an incentive mechanism focused on innovative asset protocol developers at the economic model level, which is funded by MintDAO. The specific contents are as follows:
- NFTs to Earn mechanism: Encourage creators to issue new NFT assets in the Mint ecosystem.
- Mint Eco Fund: Invest in and support native applications and developer teams in the Mint ecosystem.
- ETH Gas Reward Mechanism: For high-quality protocol standards and applications, you can get ETH Gas rewards.
- RetroPGF mechanism: long-term retroactive rewards for infrastructure builders of the Mint ecosystem.
Mint Blockchain Economic Model
Native asset name: Mint
Asset symbol: $MINT
Total MINT: 1 billion
$MINT Token initial distribution mechanism:
82% allocated to community builders, early supporters and developer ecosystem
- MintDAO: 50%
- Launch Contributors: 20%
- Community Airdrop：12%
18% allocated to MintCore Team
$MINT Token Usage
- Governance rights: $MINT has voting governance rights;
- Ecosystem incentives: Encourage developers to develop and build on Mint Blockchain;
- Usage rights: $MINT is the official native crypto asset on Mint Blockchain. In the process of becoming a Mint Blockchain distributed validator node, $MINT is the Mint Blockchain designated Staking crypto asset;
- Asset pricing: $MINT will be used for asset pricing and transaction pricing during the issuance of RWA, NFT, Token, Meme and other assets on the Mint chain.
$MINT Staking & Restaking Mechanism
Mint Blockchain will achieve decentralized distribution of Mint network transaction sorter revenue through user participation in $MINT Staking & Restaking operations.
After the $MINT TGE, users can participate in the $MINT asset staking operation through the MintPool protocol. MintPool is a decentralized staking protocol on the Mint Blockchain network that supports the staking operations of $MINT, $ETH, and NFT assets.
When users perform $MINT Staking operations, they need to select a Staking Node to implement the staking. About Staking Node:
- Super Node: Super Node is generated through evaluation in the early stage through reputation node. Super Node needs to pledge a certain amount of MINT assets to MintDAO and run a node server. Super Node members need to deeply participate in the development and construction of Mint ecosystem, and are usually composed of relatively large infrastructure and investment institutions in Mint ecosystem.
- Base Node: Base Node is a basic node generated by the community, usually composed of the Mint global community and the developer community. Base Node is more open and has a lower threshold. Any developer organization and crypto community can apply to join the Mint ecosystem.
Super Node and Base Node members can obtain node mining rewards provided by MintDAO. The incentives are based on the amount of $MINT staked captured by each Staking Node. Generally, it is 10% of the user's Staking mining rewards, which are additionally rewarded to Staking Node by MintDAO.
After users stake $MINT Token through Staking Node, they can obtain the staking certificate sMINT Token. The full name of sMINT is: Staked MINT.
Holding sMINT can fix the APR of $MINT Token mining income at 15%, and the mining rewards are provided by MintDAO.
After obtaining sMINT, users can synthesize sMINT into BC721 Mint-eNFT assets (the amount of sMINT required for synthesis changes in real time according to the Bonding Curve, which is more game-like and interesting). Holding BC721 Mint-eNFT can obtain 50% mining rewards of Mint Blockchain sorter ETH income (sorter income - DA fee - Superchain fee). The whole process can be understood as the Restaking operation of $MINT assets.
In summary, users can obtain the following two levels of benefits by participating in $MINT Staking & Restaking operations:
Tier 1 income: $MINT at 15% APR as staking reward;
Layer 2 income: 50% of the net income of the Mint Blockchain network sorter ETH as Restaking rewards.
Through $MINT Staking & Restaking operations, the capital utilization rate of $MINT assets has been greatly improved, while the security of the Mint Blockchain network and the stability of the economic system have also been improved. The decentralized distribution of the ETH income of the Mint network sorter has also been realized, allowing community users to capture the development benefits of Mint Blockchain in the long term, strengthen community consensus, and increase the enthusiasm of the community to participate in the development of the Mint network, and jointly promote the prosperity and development of Mint Blockchain.
MintDAO Organization
MintDAO is a decentralized autonomous organization within the Mint Blockchain ecosystem. MintDAO manages 50% of the $MINT economy and uses a multi-signature wallet to manage it. As the Mint ecosystem develops, MintDAO's multi-signature authority will be gradually released to core organizations and builders within the Mint ecosystem, gradually realizing the decentralization of ecosystem development and governance.
MintDAO’s core functions:
- $MINT basic liquidity provision : The early liquidity of $MINT assets is provided by MintDAO.
- Mint Staking Mining Incentives : $MINT staking mining incentive funds are provided by the MintDAO organization;
- Mint Eco Fund : Mint Eco Fund is directly managed by MintDAO and invests in innovative products and protocols within the Mint ecosystem.
- Mint Blockchain brand building : Promote Mint Blockchain's global brand influence and promote popular science education in the global NFT market.
- Mint Community Growth : By establishing MintHub, we will promote the development of Mint Blockchain communities in various regions around the world, allowing more people to understand and use the Mint network.
- Mint Ecosystem Growth : Promote the construction of the Mint Blockchain developer ecosystem by hosting online & offline developer events.
MintDAO organization funding sources:
- Initial allocation of 50% of the total $MINT economy: 500 million $MINT;
- The Mint Blockchain sorter earns ETH funds, part of which will go into the MintDAO treasury;
- Mint Eco Fund investment income belongs to the MintDAO treasury;
Every major expenditure of the MintDAO treasury will be publicly announced on the chain and can be checked by the entire network. For the daily operating expenses of the MintDAO organization, the bills will be audited by a third-party auditing agency.
Mint Blockchain data link
Website: https://mintchain.io/
X: https://x.com/Mint_Blockchain
Discord: https://discord.com/invite/mint-blockchain
Github: https://github.com/Mint-Blockchain
Blog: https://mirror.xyz/mintchain.eth
Ecosystem: https://www.mintchain.io/applications
Mint Eco Fund: https://www.mintchain.io/ecofund
MintPool: https://mintpool.mintchain.io/
Developer Docs: https://docs.mintchain.io/
Block Explorer: https://explorer.mintchain.io/
NFTScan: https://mint.nftscan.com/
L2beat: https://l2beat.com/scaling/activity
Growthepie: https://www.growthepie.xyz/
Similarweb: https://www.similarweb.com/zh/website/mintchain.io/
Conclusion
Mint Blockchain is committed to becoming an important force for change in the NFT ecosystem, providing secure, scalable and decentralized infrastructure to empower creators, developers and users in the Web3 world. With Ethereum Layer 2 technology and integrating advanced solutions such as Mint Studio, IP Layer, Mint Liquid, RareShop and NFT-AI Agent, Mint Blockchain is building the core cornerstone for the future development of NFT and decentralized applications.
With the mission of connecting global users and AI Agents, Mint Blockchain aims to create a vibrant and inclusive ecosystem that enables everyone to freely own and trade digital assets. MintDAO governance model and innovative incentive mechanism ensure the long-term growth and sustainability of the platform, while its multi-chain compatibility and seamless interoperability make it of great value in the broader Web3 field.
As the Mint Blockchain ecosystem continues to grow, our vision remains the same: unlocking the true potential of NFTs as a decentralized value carrier and driving a new era of digital ownership and innovation. By promoting NFT standards, expanding decentralized financial applications, and transforming multiple industries around the world, Mint Blockchain is at the forefront of the Web3 digital revolution.
We sincerely invite developers, creators, and users to join us in shaping the future world driven by blockchain.
