MINT has been a cornerstone of our new product and the team at Insrt has big plans for developing it into a thriving “stable”-coin backed by positive Expected Value (+EV) betting volume. But first, let’s walk through what any of that means. MINT is tethered and always redeemable to ETH by a ratio of one to one million. We admittedly workshopped microETH (or mETH) for a while but decided in the end not to push “meth” on our users.  In any case, MINT has numerous use cases within our burgeoning ecosystem, including giving Insrt players exposure to all revenue streams from future spins on the ecosystem. It’s constantly rebasing as more users spin on the Insrt platform, giving all holders direct revenue streams and allowing everyone to own and profit off of the platform together. With MINT we are trying to redefine how users interact with platforms such as ours and enable every single person in the ecosystem to win together. No matter if you’re spinning, supplying NFTs, or want a potential revenue stream, MINT is a perfect option and will enable you to grow alongside Insrt.

The state of Insrt's protocol today.

We are happy to announce that Insrt Labs has raised $2.2m in our pre-seed round from Hashkey Capital and Infinite Capital as our co-lead investors, with additional participation from Apollo Capital, Three Sigma, Caballeros Capital, Parc Capital, Sky9 Capital, County Cap, WWVentures and a fantastic cohort of native DeFi angel investors.

The insrt team is proud to announce our first product, the ShardVault, will be LIVE in 2 hours on mainnet. Our first vault in the ShardVault series contains a CryptoPunk, specifically Punk #9620. This is a monumental moment for insrt, as we mark the first of many vaults to come. Going forward we’ll be integrating with additional highly coveted collections as well as sharding more Punks. You may be wondering, what does this mean for you? How do I farm yield? Well let’s get into it!

We are excited to announce our partnership with JPEGd.io as our first primitive partner for both collateralization and capital deployment. Our first product, the ShardVault, is being built on-top of JPEG’d’s The Citadel, allowing for us to capture one of the highest ETH yields currently in the market.

The insrt team is pleased to share our updated NFT Utility document. As we progress through our roadmap, we aspire to provide transparent insights for our early community supporters. Below we list some of the benefits of each NFT tier to provide insight into their integral role within our token ecosystem & protocol, as well as to showcase our commitment to those of you supporting our team from the onset.