Detailed explanation of Mint Blockchain: After completing TGE, how to promote new changes in the NFT ecosystem?

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, 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.

Layer2 network focused on NFT

As an effective way to prove asset ownership, after years of exploration, NFT has been widely used in multiple fields including gaming, art, AI agent, AIGC, intellectual property, ticketing, membership system, reputation system, digital identity social interaction and brand marketing. However, challenges such as low standardization of NFT assets, insufficient liquidity, and confusing data copyright management have always restricted the further development of this emerging technology. To this end, the development teams of NFT data service providers NFTScan Labs and MintCore, the mainstream NFT data service providers on the market, launched the Mint Blockchain, a decentralized network focused on the NFT field, aiming to solve the above pain points and provide developers with a safer, stable and efficient development environment.

Mint Blockchain is an Ethereum Layer2 network built on the OP Stack. It began development in October 2022 and launched the main network in May 2024. Mint Blockchain's DA layer relies on the Ethereum main network to ensure security through Ethereum's consensus mechanism. Thanks to full EVM compatibility, Ethereum developers can seamlessly extend their projects to Mint Blockchain. As a Layer2 scaling 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 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, and participated in the investment include Jsquare, SNZ, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, Whitelist Ventures, PANONY Group and other institutions. Funds will be used for Mint Blockchain global market brand building and NFT infrastructure construction.

Five major modules serve NFT asset life cycle

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 then to on-chain data indexing. Therefore, Mint Blockchain is actively developing a comprehensive open source infrastructure, including the five core modules of NIPs platform, Mint Studio, IP layer, Mint Liquid and NFT-AI proxy:

Mint Studio : An NFT creation tool designed for creators and developers, enabling NFT casting 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, thus achieving royalty benefits.

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 market, leveraging the ERC7765 asset protocol standard to provide crypto payment, privacy protection, pre-sale, gift and physical delivery, providing global brands with a comprehensive Web3 solution.

NFT-AI Agent: 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 capabilities.

Through the above functions, the new Web3 project can utilize its release of Genesis NFT, NFT POAP, SBT, NFT PASS, and the Web2 brand can be used to issue NFT IP, NFT tickets, NFT digital identity, 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’s goal is to make NFT the most unrestricted value carrier in the crypto world. It aims to use NFT to connect global users with AI Agents, so that every individual in human society (including humans and AI Agents) can freely own NFT assets. To achieve these visions, Mint Blockchain introduced 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 incentives include:

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

Mint Eco 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: Provides long-term retrospective rewards for infrastructure builders of the Mint ecosystem.

The first SuperchainERC20 standard token and innovative pledge and re-stake mechanism

On March 7, Mint Blockchain's native token $MINT officially launched TGE and launched Gate.io. As the first practical token for the hyperchain, $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% 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. Its token utility is mainly reflected in governance, ecosystem incentives, use and pledges and asset pricing. That is, $MINT is used to incentivize developers to build and promote the development of the ecosystem. The holders will have the right to vote and participate in the governance of the Mint network. As a native cryptocurrency of Mint Blockchain, $MINT is an official asset used in the network and a designated pledged asset for network verifiers. In addition, $MINT can be used to 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 TGE, Mint Blockchain will realize the decentralized allocation of network transaction sorting rewards through the $MINT Staking & Restaking mechanism, and it will also become the first Layer2 network to decentralize network revenue. Users will be able to participate in $MINT staking through Mint Blockchain decentralized staking protocol MintPool, and will also support pledge ETH and NFT assets. Users participating in $MINT staking and restaking will receive two layers of reward:

The first level: The annual interest rate of $MINT is 15%, as a pledge reward.

Level 2: 50% of the net ETH gains in MintBlockchain's sorter revenue as a re-stake reward.

This staking & Restaking mechanism may greatly improve the funding efficiency of $MINT tokens, enhance the security of the Mint blockchain network, stabilize the ecosystem economy, and realize the distribution of decentralized network sequencer revenue rewards. It also enables the community to gain long-term benefits from the development of Mint blockchain, strengthen consensus within the community and promote active participation in the development of the ecosystem.

MintDAO promotes community and ecological growth , **and

private brand IP Minty NFT debuts**

MintDAO is a decentralized autonomous organization (DAO) in the Mint blockchain ecosystem, which, as mentioned above, will manage 50% of the total $MINT supply, i.e. 500 million $MINT tokens through a multi-signature wallet. In addition, a portion of the ETH gains generated by the Mint blockchain network classifier, as well as the return on investment of the Mint Eco Fund, will be allocated to the MintDAO vault.

With the development of the Mint ecosystem, MintDAO's multi-signature authority 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 economic system of the ecosystem, MintDAO is responsible for providing early liquidity for $MINT assets and pledge rewards for $MINT tokens; in terms of brand promotion and community growth, MintDAO promotes community development by creating MintHub, and promotes Mint Blockchain globally, enhances brand exposure and perception, and expands the adoption of the NFT market; in terms of ecosystem development, MintDAO directly manages the Mint Eco Fund, invests in innovative products and protocols within the ecosystem, and will hold online and offline developer activities.

Based on the innate NFT community cultural advantages, Mint Blockchain is currently operating the community around its own brand IP "Minty NFT Collection" and distribute it to valuable community participants and NFT industry KOLs and practitioners. In addition, during Singapore Token2049 held in September this year, Mint Blockchain will hold offline community events for Minty IP, distribute the first batch of physical peripherals, etc. In the future, the community will also carry out extensive multi-brand joint cooperation, launch joint products and products, and activities, gradually carry out commercial operations, and build Minty NFT Collection into a blue-chip NFT asset.

In short, 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 carrier of value in the crypto world and connect global users with AI Agents.

In the future, Mint Blockchain will continue to expand its application scenarios, promote the deep integration of NFT technology with the real world, and bring more innovation and opportunities to the global NFT ecosystem.