Today, NFTScan Labs and MintCore are excited to jointly announce the launch of Mint Blockchain, an Layer 2 (L2) blockchain for the Non-Fungible Tokens (NFTs) Industry.
NFTs are cryptographic data units stored on the blockchain, representing unique digital assets such as identity, contracts, rights, reputation, social relationships, etc. Unlike cryptocurrencies like Bitcoin, NFT assets are non-interchangeable, making each NFT a unique on-chain asset. NFT assets can be freely transferred, traded, and used as collateral on the blockchain, marking a new category of cryptographic assets.
In the next 5 to 10 years, NFTs will become a new digital way of life for humanity. The Mint blockchain is dedicated to bringing forth this day.
BTC → ALTCOINS → NFTS
Bitcoin → Ethereum → Mint Blockchain
In this post, we'll take a deeper look at why we're building Mint and how we plan to accelerate the development of NFTs.
Why Mint？
From the first NFT standard of ERC721 introduced by the Ethereum community in 2017 to the present day, NFTs have been developed for 6 years. From the craze of CryptoKitties to the trend of CryptoPunks avatars, and now led by Bored Ape Yacht Club (BAYC) in the 2021 NFT Summer, we have seen the resilience and infinite scalability demonstrated by NFT in its historical development process. In the PFP NFT bull market of 2021, the market size reached billions of dollars, but for the entire NFT field, this is just the tip of the iceberg. We believe that NFT will create a market worth trillions of dollars in the future, with infinite development prospects.
In the past 3 years, the NFTScan Labs team has been deeply involved in the NFT field. We have been in contact with a large number of frontline developers and have researched thousands of NFT projects. Throughout the process, we have discovered the high scalability and vast application space of NFT assets. We firmly believe that mass adoption in the crypto space will occur in the NFT field, unleashing a market size worth trillions of dollars. To accelerate the arrival of this day, we have decided to launch a new blockchain in 2024: Mint Blockchain.
MintCore: MintCore, organized by Mint Foundation, is the core development team responsible for the underlying technology selection and network development of Mint Blockchain. They also handle the development and maintenance of core components like cross-chain bridges and transaction sorters.
NFTScan Labs: NFTScan Labs, the developer team behind the blockchain infrastructure NFTScan, is also the core initiating team for Mint Blockchain. They focus on developing essential infrastructure for Mint Blockchain, including block explorers, NFT browsers, developer documentation systems, developer SDK tools, NFT software and hardware terminal operating systems, and more.
Mint Vision
Originating from the NFT communities, Mint Blockchain, compared to other Ethereum L2 networks, better emphasizes the innovation in NFT standards and exploration of NFT application scenarios. Its mission is to promote innovation in NFT protocols and standards, expand NFT asset application scenarios, enhance NFT asset development efficiency, and explore the potential value of the trillion-dollar NFT market!
The core value of the Mint blockchain lies in promoting and driving innovation in NFT standards, guiding developers to innovate and explore NFT assets in more real-world applications, including but not limited to AIGC, gaming, RWA, reputation systems, membership systems, identity systems, entertainment industry, sports industry, multimedia, and other fields.
The vision of the Mint blockchain is to create a decentralized network where anyone can freely participate in creating NFT asset protocol standards and issuing NFT assets, better promoting innovation in NFT asset protocols, expanding NFT asset application scenarios, and improving the efficiency of NFT asset issuance. Uncovering the potential value of the trillion-dollar NFT market is the mission of the Mint blockchain.
Mint Features
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Lower Gas Fee: Mint revolutionizes the cost of issuing NFT assets, ensuring a sufficiently low cost while prioritizing the security of the assets.
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Plentiful NFT Standards & NIPs: Experience the freedom of choice with a plethora of NFT asset protocol standards available for issuers on the Mint blockchain.
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Complete NFT infrastructure: Mint offers a developer-friendly environment with robust NFT infrastructure and incentive mechanisms, empowering developers to explore the vast potential of NFTs.
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Revenue Sharing with Developers: We are fueling developer entry into the Mint blockchain for the research and development of NFT standards, actively propelling the real-world implementation of NFTs.
Developers engaged in innovative endeavors on the Mint blockchain will receive a substantial share of the gas fee revenue generated, providing a direct and significant incentive.
NFT Application Scenarios
Mint Blockchain aims to explore and facilitate NFT applications across various sectors, including but not limited to:
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AIGC(Artificial Intelligence + NFT): The combination of NFT and AIGC will release great value for content creation, empowering it with the features of free circulation, trading, and payment.
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RWA(Real-World Assets): Brings various kinds of real-world assets into NFTs and allows them to circulate and trade freely on chain.
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Game: NFT is the underlying elemental asset of blockchain games, creating a more open and fair atmosphere for blockchain games.
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PASS(Membership Systems): NFT PASS will bring about a crypto revolution to the traditional membership system, intelligent passes are more privacy-protecting and restriction-free.
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Social(Social Finance): NFT is the basic essential asset of the SocialFi project, promoting smooth communication and identity recognition among people.
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PFP(Profile Picture) NFTs: PFP NFT once led the bull market of NFT. In the future, there will still be many creators publishing PFP NFT projects to deliver social information.
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DID(Decentralized Identity): NFT will become the underlying asset of the decentralized identity system and on-chain reputation system, and a number of IDs like .eth\.bnb will appear.
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POAP(Proof of Attendance Protocol): POAP NFT is mainly adopted to commemorate and prove the user's participation in events or honor of a kind.
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Music: NFT will play a significant role in the music field, improving music copyright protection.
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Sport: NFT will exert a positive influence in the field of sports, promoting the development of the sports industry with innovations in NFT standards.
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IP Brand: The combination of traditional IP and cultural brands with NFT will release huge commercial value.
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Everything: NFT is a highly scalable crypto asset vehicle that can theoretically package any assets, information, and data we want to encapsulate.
How Mint Works?
NIP & MRC on Mint
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NIP (NFT Improvement Proposal): An innovative NFT asset protocol proposal on Mint Blockchain. On the Mint blockchain, any developer can freely initiate the creation of NFT standards by proposing NIPs (NFT Improvement Proposals). The proposed NIP protocol will be minted into a type called “NIP Ready” NFT.
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MRC (Mint Request for Comment): The Mint blockchain’s NFT standard. $MINT holders vote to decide whether NIP Ready enters the NIP DEV list. NFTs entering the NIP DEV list are marked by the Mint blockchain as DEV status, entering the development process and corresponding open-source code work. The Mint Foundation conducts the final review, and upon completion, the new MRC protocol standard is officially released. The MRC protocol release includes comprehensive development documentation, code, and explanations of applicable scenarios.
After the new MRC protocol is released, anyone can use it to issue NFT assets on the Mint blockchain. The gas fee income generated by NFT assets on the Mint blockchain will be openly and transparently distributed, providing direct and effective incentives for MRC asset protocol developers.
Empowering Developers
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We are fueling developer entry into the Mint blockchain for the research and development of NFT asset protocol standards, actively propelling the real-world implementation of NFTs.
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Developers engaged in innovative endeavors on the Mint blockchain will receive a substantial share of the gas fee revenue generated, providing a direct and significant incentive.
(To support the path toward decentralization, we’re building Mint on Optimism’s OP Stack with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism.)
Accelerating Real-World NFT applications
By fostering a dynamic ecosystem that incentivizes developers and invests in robust NFT infrastructure, Mint is actively working to propel the adoption of NFT assets in diverse real-world scenarios. Our goal is to usher in a new era where NFTs seamlessly integrate into everyday life, unlocking their full potential across industries.
Ultimate Mission
NFT Innovative Factory
Mint blockchain will serve as an innovative factory for NFT asset protocol standards and also act as a testing ground for NFT asset protocol standards in the EVM ecosystem.
NFT Focused Blockchain
Mint will be the leading choice for issuing NFT assets, connecting millions of global NFT asset demanders with NFT developers.
Open Collaborative Decentralized Network
The Mint blockchain is an open and collaborative decentralized blockchain that enables the transparent distribution of block rewards for developers.
Mint, MINTPASS
We’re excited to have a free, open edition mint of MINTPASS (Coming Soon) to celebrate the launch of Mint Blockchain. MINTPASS is set to play a pivotal role in the vibrant Mint ecosystem.
(For specific information about MintPass, keep an eye on Mint Blockchain's official channels for updates.)
Minting a New Era
From Bitcoin to Ethereum, and then to the subsequent emergence of NFT, this represents the natural progression of the blockchain industry over the past 15 years. We have witnessed the brilliance of BTC as digital gold and the explosive innovation brought about by ETH leading in smart contract assets. Next, we are dedicated to create a wave of industrial upgrades and breakthroughs led by the new class of cryptographic assets — NFTs.
Cryptography is not just about being native, it can also transform people’s daily lives, altering certain production relations. In the next 5 to 10 years, NFTs will become a new digital way of life for humanity.
The Mint blockchain is dedicated to bringing forth this day!
