What is Mint? Mint is a Layer 2 Blockchain dedicated to the NFT market with many super features such as fast speed, low cost,… Currently, Mint is receiving a lot of attention from the Crypto community, especially is the NFT community.
So what are you waiting for? Let’s find out what Mint is and what’s interesting about it.
Mint Overview
What is Mint?
Mint is a Layer 2 platform dedicated to the NFT market with the vision of driving this market to develop comprehensively. With Mint, everyone is free to participate in creating standards for their NFTs and issuing those NFTs. In addition, Mint promotes the application of NFT through areas such as Web3 Game, AIGC, Real World Assets, Membership system, Identity system, sports,…
Mint is built and developed on top of Optimism’s OP Stack toolkit and is part of the Superchain ecosystem in the near future. So it’s highly likely that Mint will be an Optimistic Rollup platform and will have quite a few competitors in its same segment.
Some of Mint’s outstanding features include:
- Low transaction fees: Mint is designed specifically for the NFT market thereby ensuring optimal scalability for this market.
- Standard variety: Mint offers a multitude of NFT issuance standards on its network.
- Complete infrastructure: Mint provides a friendly environment for NFT developers.
- Revenue sharing: Developers on Mint Blockchain will receive rewards in the form of user transaction fees to encourage them to continue contributing.
Applicability of Mint Blockchain
Mint’s uses for the NFT marketplace include:
- AIGC: The combination of NFTs and AIGC (AI) will bring great value to content creation and its distribution to users.
- Real World Assets: Brings a variety of real-world assets to NFTs and allows them to circulate and trade freely on the Blockchain.
- Web3 Games: NFTs are the underlying underlying assets of blockchain games, creating a more open and fair atmosphere for Blockchain games.
- Social: NFTs are the basic essential assets of the SocialFi project, promoting smooth communication and identity recognition between people.
- Music: NFTs will play an important role in the music sector, enhancing music copyright protection.
- Sport: NFT will positively influence the sports sector, promoting the development of the sports industry with innovations in NFT standards.
- DID: NFT will become the basic asset of decentralized identity system and on-chain reputation system and some IDs such as .eth, .bnb, .arb,…
It can be seen that Mint Blockchain’s ambition is to promote the NFT market to develop comprehensively in many different segments.
Mint Blockchain’s operating mechanism
The first basic concept on Mint Blockchain is NIP, which are NFT improvement proposals. On Mint Blockchain, any developer can create NFT standards by proposing NIPs. These NIP proposals will be compiled into a series of NFTs called NIP Ready.
Projects in areas such as Game, Music, PFP NFT, Social, DID,… can rely on available NIP standards to release their NFT collections in the most suitable way.
Next is the MRC, meaning MINT holders can decide whether NIP Ready makes the NIP DEV list or not. After final approval by the Mint Foundation, the standard is officially released.
Development Roadmap
- Q4/2023: NFTScan Labs and MintCore jointly deploy Mint Blockchain and launch internal Testnet version.
- Q1/2024: Deploy MintPass. Early MintPass supporters can mint Mint Pass.
- Q2/2024: Release testnet to developers and partners.
- Q3/2024: Deploy the NIP platform.
- Q4/2024: Mainnet deployment.
- Q1/2025: Launch of MINT token.
- Q2/2025: Launching the MRC library.
Core Team
Mint Blockchain is developed by two teams: NFTScan and MintCore.
Investor
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Tokenomics
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Exchanges
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Project Information Channel
Summary
Mint Blockchain is a new Layer 2 targeting the NFT market with many differentiating characteristics. Hopefully through this article everyone can understand more about what Mint is?
