Mint Blockchain releases white paper: NFT eco-network linking global users with AI Agent

Project background

According to NFTScan data statistics, in the past four years, more than 2 billion NFT assets have been issued on mainstream blockchain networks, and the current global market value of NFT is in the 100 billion US dollars. At present, 4,000 to 6,000 NFT projects are issued on the blockchain every day, with about 5 million new NFT assets added every day. NFT is thriving as the most active crypto asset class on blockchain.

NFT has better scalability and programmability than homogeneous Token assets. 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 creates more effective on-chain. value. At the same time, NFT assets have a variety of application scenarios: AI Agent, IP, RWA, AIGC, music, tickets, membership systems, reputation systems, digital identity, encryption art, games, entertainment, social networking, brand marketing and other fields. NFT can be used for Many Web2 fields have brought about a new round of industrial changes, greatly improving their operational efficiency and value capture capabilities. In the near future, we will see the Web3 digital industry revolution led by NFT.

On the other hand, NFT, as a type of crypto assets that are easier to understand and accept by the general public, can efficiently spread the decentralized or distributed concepts carried by encryption technology and blockchain to all parts of the world, which will be very good. Promote the popular science education and implementation of blockchain technology worldwide. As a new type of crypto assets, NFT will play an important role in this process!

In the development of the NFT field in the past few years, our team has seen some problems, such as low standardization of NFT assets, lack of liquidity of NFT assets, and confusing NFT data copyright. These problems will be for the NFT industry at present or in the future and The ecology has a significant impact. 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 Introduction

Mint Blockchain is the Ethereum Layer2 network jointly initiated by NFTScan Labs and MintCore developer teams. It has been built in October 2023. Mint Blockchain released the main network in May 2024 and has begun to enter 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 main network, so the underlying ledger security of Mint Blockchain is completely built on the Ethereum network security consensus. At the same time, Mint Blockchain is a public blockchain network that is fully compatible with EVM. Developers of the Ethereum ecosystem can seamlessly expand projects to the Mint Blockchain network. As a Layer2 expansion network, Mint Blockchain greatly reduces the cost of on-chain interactions and provides effective scalability for the Ethereum ecosystem.

At present, the Mint team is building a one-stop open source underlying infrastructure on Mint Blockchain around NFT assets, including a series of NFT infrastructure including NIPs Platform, Mint Studio, IP Layer, Mint Liquid, NFT-AI Agent, etc.

Mint Blockchain’s vision and mission: Use NFT to link global users and AI Agents, so that every individual in human society (including humans and AI Agents) can freely own NFT assets, and enable NFT to develop into freedom in the crypto world. The highest value carrier!

Mint Blockchain Core Module

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. The current key modules of Mint Blockchain include:

Module 1: Mint Studio

Mint Studio is a creator and developer-friendly NFT distribution tool that supports creators and developers to cast text, pictures, audio, and video formats into NFT assets and publish them to Mint Blockchain, Berachain, Base, Optimism, BNBChain, etc. Popular blockchain networks.

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 use IP Layer to hold them. NFT assets are copyright registration and pricing on the chain, and can obtain on-chain royalties in the future.

IP Layer will provide creators with one-stop IP assetization services to help creators better capture value through creation, which will comprehensively innovate the traditional copyright market, allowing copyright value to be traded and settled through blockchain, and further Efficient and fair.

Module 3: Mint Liquid

Mint Liquid is a liquidity product that supports multi-chain NFT and Token asset trading by the Mint team based on the protocols such as Superchain, ERC7683, Uniswap, and Across Protocol, realizing multi-chain liquidity aggregation and asset cross-chain interoperability.

Mint Liquid products will greatly improve the transaction efficiency of on-chain crypto assets, reduce on-chain transaction friction costs, better provide new crypto assets with the ability to discover prices, 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 release platform. RareShop uses the ERC7765 asset agreement standard to issue RWA NFT assets, providing merchants and consumers with new shopping scenarios and interaction methods, including crypto payment, privacy protection, product pre-sale, gift gifts, physical delivery and other functions, for global brands and Enterprises provide one-stop Web3 digital technology solutions and marketing solutions.

The ERC7765 Asset Agreement Standard is the RWA NFT Asset Agreement Standard proposed by the Mint Blockchain team to the Ethereum community, and is designed to provide industry standards for RWA asset issuance. At present, the ERC7765 protocol standard has been applied in the Mint ecosystem.

Module 5: NFT-AI Agent

NFT-AI Agent is an AI Agent product focused 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 5 core modules, Mint Blockchain will build a decentralized network focusing on serving NFT assets, from NFT asset issuance, transactions and settlements, 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, allowing everyone to own NFT assets, and making NFT a free asset that links humans and AI Agents.

About Mint Ecological Incentive Mechanism

In order to better promote innovation in NFT asset protocol standards and consumer applications, Mint Blockchain has introduced an incentive mechanism focusing on innovative asset protocol developers at the economic model level, which is funded by MintDAO for incentives. The specific content is as follows:

• NFTs to Earn mechanism: creators are encouraged to issue new NFT assets in Mint ecosystem.
• Mint Eco Fund: Invest in a native application and developer team that supports the Mint ecosystem.
• ETH Gas reward mechanism: For high-quality protocol standards and applications, ETH Gas rewards can be obtained.
• RetroPGF mechanism: long-term retrospective rewards for infrastructure builders of the Mint ecosystem.

Mint Blockchain Economic Model

Native asset name: Mint

Asset symbol: $MINT

MINT Total: 1 billion

$MINT Token Initial allocation mechanism:

82% allocated to community builders & early supporters and developer ecosystems

• MintDAO: 50%
• Launch Contributors: 20%
• Community Airdrop: 12%

18% Assigned to MintCore Team

$MINT Token Usage

• Governance rights: $MINT has the right to vote and govern;
• Ecological incentives: Incentive developers to develop and build on Mint Blockchain;
• Right to use: $MINT is the official native crypto asset on Mint Blockchain. In the process of becoming a Mint Blockchain distributed validator node, $MINT is the staking crypto asset specified by Mint Blockchain;
• Asset pricing: $MINT will be used for asset pricing and transaction pricing of RWA, NFT, Token, Meme and other assets in the Mint chain issuance process.

$MINT Staking & Restaking Mechanism

Mint Blockchain will realize the decentralized distribution of Mint network transaction sorter revenue through users' participation in $MINT Staking & Restaking operations.

After $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, supporting staking operations of $MINT, $ETH, and NFT assets.

When a user performs the $MINT staking operation, he needs to select a Staking Node to implement staking. About Staking Node:

• Super Node: Super Node was evaluated and generated in the early stage through the method of reputation nodes. Super Node needs to pledge a certain number 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, usually composed of relatively large infrastructure and investment institutions within the Mint ecosystem.
• Base Node: Base Node is a basic node generated through the community, usually composed of the Mint global community and developer community. Base Node is more open and has a lower threshold. Any developer organization and crypto community can apply and join the Mint ecosystem.

Super Node and Base Node members can obtain node mining rewards provided by MintDAO, which is incentivized based on the number of $MINT stakes captured by each Staking Node. It is generally a reward of 10% of the number of Staking mining rewards for users, and an additional reward from MintDAO Give to Staking Node.

After the user pledges $MINT Token through Staking Node, he can obtain the pledge credentials sMINT Token. The full name of sMINT is: Staked MINT.

Holding sMINT can fix the $MINT Token mining income of 15% with an APR, and mining rewards are provided by MintDAO.

After the user obtains sMINT, he can synthesize sMINT into BC721 Mint-eNFT assets (the number of sMINTs required during synthesis changes in real time according to the Bonding Curve curve, which has stronger game and fun). Holding BC721 Mint-eNFT allows you to obtain a 50% mining reward of Mint Blockchain sorter ETH income (sorter income-DA fees-Superchain fees). The entire process can be understood as a Restaking operation of the $MINT asset.

Overview, users can obtain the following 2 layers of revenue by participating in the $MINT Staking & Restaking operation:

Tier 1 earnings: $MINT of APR 15% as staking reward;

Tier 2 Earnings: 50% of the Mint Blockchain Network Sorter Net ETH as a Restaking Reward.

Through the $MINT Staking & Restaking operation, the capital utilization rate of $MINT assets is greatly improved, and the security of the Mint Blockchain network and the stability of the economic system are also improved. The Mint network sorter ETH income is also achieved Centralized distribution allows community users to capture the development benefits of Mint Blockchain for a long time, strengthen community consensus, increase the enthusiasm of the community to participate in the development of 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 total $MINT economic assets and manages them using the multi-signment wallet. With the development of the Mint ecosystem, MintDAO's multi-signature authority will be gradually released to the core organizations and builders in the Mint ecosystem, and gradually realize the decentralization of ecological development and governance.

MintDAO's core functions:

• $MINT Basic Liquidity Provided : The early liquidity of $MINT Assets is provided by MintDAO.
• Mint Staking Mining Incentives : $MINT staking mining incentive funds are provided by MintDAO organization;
• Mint Eco Fund : The Mint Eco Fund is directly managed by the MintDAO organization and invest in innovative products and protocols within the Mint ecosystem.
• Mint Blockchain Brand Building : Promote Mint Blockchain’s brand influence around the world and promote popular science education in the global NFT market.
• Mint Community Growth : By establishing MintHub, we will promote the community construction and development of Mint Blockchain in various regions around the world, so that more people can understand and use the Mint Network.
• Mint Ecosystem Growth : Promote the construction of the Mint Blockchain developer ecosystem by holding online and offline developer events.

MintDAO Organizational Funding Source:

• Initial allocation of $MINT $MINT funds of 50% of the total economic volume: 500 million $MINT;
• Mint Blockchain Sorter ETH funds will enter the MintDAO vault;
• Mint Eco Fund investment income belongs to the MintDAO vault;

Every large expenditure on MintDAO vault will be announced on the chain and can be checked on the entire network. For MintDAO's daily operating expenses, a third-party auditing agency will conduct a bill audit.

Mint Blockchain Profile 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 transformative force in the NFT ecosystem, providing secure, scalable and decentralized infrastructure that empowers 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 of the future development of NFT and decentralized applications.

With the mission of connecting global users with AI Agents, Mint Blockchain aims to create a vibrant and inclusive ecosystem that allows everyone to freely own and trade digital assets. MintDAO governance model and innovative incentives ensure the long-term growth and sustainability of the platform, and its multi-chain compatibility and seamless interoperability make it of important value in the broader Web3 field.

With the continued development of the Mint Blockchain ecosystem, our vision remains the same: unlock the true potential of NFT as a decentralized value carrier and push digital ownership and innovation into a new era. Mint Blockchain is at the forefront of the Web3 digital revolution by promoting NFT standards, expanding decentralized financial applications, and transforming multiple industries around the world.

We sincerely invite developers, creators and users to join us to shape the future world driven by blockchain.