Author: Zen, PANews

On March 7, Mint Blockchain announced the official completion of its token generation event (TGE) for its native token $MINT, which is now live on multiple trading platforms including Gate.io, Bitget, MEXC, BingX, and BitMart. As a core member of the Optimism Superchain, Mint Blockchain is driving the standardization and liquidity enhancement of NFT assets, aiming to create a globally leading NFT Layer2 solution.

Layer2 Network Focused on NFTs

As an effective means of proving asset ownership, NFTs have been widely applied across various fields including gaming, art, AI agents, AIGC, intellectual property, ticketing, membership systems, reputation systems, digital identity social interactions, and brand marketing after years of exploration. However, challenges such as low standardization of NFT assets, insufficient liquidity, and chaotic data copyright management have always constrained the further development of this emerging technology. To address these issues, leading NFT data service providers NFTScan Labs and the MintCore development team have launched the decentralized network Mint Blockchain, focused on the NFT field, aiming to solve the aforementioned pain points and provide developers with a safer, more stable, and efficient development environment.

Mint Blockchain is an Ethereum Layer2 network built on the OP Stack, which began development in October 2022 and is set to launch its mainnet in May 2024. The DA layer of Mint Blockchain relies on the Ethereum mainnet, ensuring security through Ethereum's consensus mechanism. Fully compatible 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. Additionally, as a core member of the 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 deep cooperation with the Optimism Foundation, Mint Blockchain has also received support from several well-known institutions in terms of development funding and project resources. In May last year, Mint Blockchain announced the completion of a $5 million seed round financing, with participation from institutions such as Jsquare, SNZ, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, Whitelist Ventures, and PANONY Group. The funds will be used for global market brand building and NFT infrastructure development for Mint Blockchain.

Five Major Modules Serving the Full Lifecycle of NFT Assets

Based on its positioning as a decentralized network specifically serving NFT assets, Mint Blockchain is committed to serving the entire lifecycle of NFT assets from issuance to trading 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: A tool designed for creators and developers to create NFTs, supporting 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 over 20 blockchains, including Ethereum, Mint Blockchain, Solana, Berachain, Base, Optimism, and BNBChain. It allows users to register and price their NFT assets on-chain, enabling royalty income.

Mint Liquid: A multi-chain liquidity solution supporting 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 marketplace, utilizing the ERC7765 asset protocol standard to provide features such as crypto payments, privacy protection, presales, gifting, and physical delivery, offering comprehensive Web3 solutions for global brands.

NFT-AI Agent: The NFT-AI Agent integrates with NFTScan, Mint Studio, IP Layer, and Mint Liquid, providing 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 utilize it to issue Genesis NFTs, NFT POAPs, SBTs, and NFT PASSes, while Web2 brands can use it to issue NFT IPs, NFT tickets, NFT digital identities, and RWA NFTs. Additionally, Mint Blockchain can provide community cold start solutions for Web3 projects; offer one-stop NFT solutions for traditional enterprises; and provide one-stop NFT issuance services for influential individuals.

Mint Blockchain's goal is to make NFTs the most unrestricted value carriers in the crypto world, aiming to connect global users with AI Agents through NFTs, allowing every individual in human society (including humans and AI Agents) to freely own NFT assets. To achieve this vision, Mint Blockchain introduces incentive mechanisms at the economic model level to promote innovation in NFT asset protocols and consumption applications, with a focus on rewarding innovative asset protocol developers. Currently, the planned incentive methods for Mint Blockchain include:

Earn NFTs: Encouraging creators to create new NFT assets within the Mint ecosystem;

Mint Ecosystem Fund: Investing in and supporting native applications and development teams within the Mint ecosystem;

ETH Gas Rewards: Rewarding excellent protocol standards and applications through ETH gas incentives;

RetroPGF Mechanism: Providing long-term retrospective rewards for infrastructure builders in the Mint ecosystem.

The First Superchain ERC20 Standard Token with Innovative Staking and Restaking Mechanisms

On March 7, Mint Blockchain's native token $MINT officially conducted its TGE and went live on Gate.io. As the first utility token of the Superchain, $MINT uses the Superchain ERC20 token standard and has Optimism interoperability. According to its tokenomics, the total supply of $MINT is 1 billion, of which 82% will be allocated to community builders, early supporters, and ecosystem developers, specifically: 50% allocated to MintDAO; 20% to launch contributors; and 12% for community airdrops. The remaining 18% will belong 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 ecosystem development, and its holders will enjoy voting rights to participate in the governance of the Mint network; as the native cryptocurrency of Mint Blockchain, $MINT is the official asset used within the network and the designated staking asset for network validators; additionally, $MINT can be used for asset pricing and trading pricing during the issuance of real-world assets (RWA), NFTs, Tokens, Memes, and other assets on the Mint blockchain network.

After the TGE of $MINT, Mint Blockchain will achieve decentralized distribution of network transaction ordering rewards through the $MINT Staking & Restaking mechanism, becoming the first Layer2 network to decentralize the distribution of network revenue. Users will be able to participate in $MINT staking through the decentralized staking protocol MintPool on Mint Blockchain, which will also support staking of ETH and NFT assets. Users participating in $MINT staking and restaking will receive two layers of rewards:

First Layer: An annual interest rate of 15% for $MINT as staking rewards.

Second Layer: 50% of the net ETH earnings from Mint Blockchain's sorters as restaking rewards.

This Staking & Restaking mechanism is expected to significantly improve the capital efficiency of the $MINT token, enhance the security of the Mint blockchain network, stabilize the ecosystem economy, and achieve decentralized distribution of network sequencer revenue rewards. It also allows the community to gain long-term benefits from the development of the Mint blockchain, enhancing internal consensus within the community and promoting active participation in the development of the ecosystem.

MintDAO Promotes Community and Ecosystem Growth, Own Brand IP Minty NFT Unveiled

MintDAO is the decentralized autonomous organization (DAO) within the Mint Blockchain ecosystem. As mentioned above, it will manage 50% of the total supply of $MINT, which amounts to 500 million $MINT tokens, through a multi-signature wallet. Additionally, a portion of the ETH earnings generated by the Mint blockchain network's classifiers, as well as the investment returns from the Mint ecosystem fund, will be allocated to the MintDAO treasury.

As the Mint ecosystem develops, the multi-signature authority of MintDAO will gradually be decentralized to core organizations and builders within the Mint ecosystem, aiming to achieve decentralized governance for ecosystem development.

In terms of the economic system of the ecosystem, 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 globally promoting Mint Blockchain to enhance brand exposure and perception, expanding the adoption of the NFT market. Regarding ecosystem development, MintDAO directly manages the Mint ecosystem fund, investing 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 operating around its own brand IP "Minty NFT Collection" in a community-oriented manner, distributing it to valuable community participants and NFT industry KOLs and practitioners. Additionally, during the Token2049 event held in Singapore this September, Mint Blockchain will host offline community activities for Minty IP, distributing the first batch of physical merchandise, among other things. In the future, the community will also engage in extensive multi-brand collaborations, launching co-branded products and events, gradually moving towards commercial operations, and establishing the Minty NFT Collection as a blue-chip NFT asset.

Overall, 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 consumption applications. Through technological innovation, ecosystem incentives, and community building, Mint Blockchain aims to make NFTs the most unrestricted value carriers in the crypto world and connect global users with AI Agents.

In the future, Mint Blockchain will continue to expand application scenarios, promoting the deep integration of NFT technology with the real world, bringing more innovations and opportunities to the global NFT ecosystem.

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