Project Background

According to NFTScan data statistics, over the past four years, more than 2 billion NFT assets have been issued on mainstream blockchain networks, and the current global market value of NFTs is at the trillion-dollar level. Currently, 4,000 to 6,000 NFT projects are issued on the blockchain every day, with approximately 5 million new NFT assets added daily. As the most active category of crypto assets on the blockchain, NFTs are thriving.

Compared to homogeneous token assets, NFTs have better scalability and programmability. The metadata of NFT assets can carry more information and data on-chain, greatly enriching the decentralized data in the blockchain ledger, making blockchain space more usable and capable of creating more effective on-chain value. At the same time, NFT assets have a rich variety of application scenarios: AI Agents, IP, RWA, AIGC, music, tickets, membership systems, reputation systems, digital identity, crypto art, gaming, entertainment, social networking, brand marketing, etc. NFTs can bring a new wave of industrial transformation to many Web2 fields, significantly improving their operational efficiency and value capture capabilities. In the near future, we will witness a digital industrial revolution led by NFTs in the Web3 space.

On another level, NFTs, as a type of crypto asset that is easier for the general public to understand and accept, can efficiently spread the decentralized or distributed concepts carried by crypto technology and blockchain globally, which will greatly promote the popularization and application of blockchain technology worldwide. NFTs, as a new type of crypto asset, will play an important role in this process!

During the development of the NFT field over the past few years, our team has identified several issues, such as low standardization of NFT assets, lack of liquidity for NFT assets, and chaotic NFT data copyright. These issues will have a significant impact on the NFT industry and ecosystem now and in the future. Therefore, our team has decided to create Mint Blockchain, providing Web3 developers with a secure and stable decentralized network, as well as an efficient and agile development environment.

Introduction to Mint Blockchain Project

Mint Blockchain is an Ethereum Layer2 network jointly initiated by the NFTScan Labs and MintCore developer team, which began construction in October 2023 and launched its mainnet in May 2024, entering the ecological development phase.

Mint Blockchain is an Ethereum-native Layer2 network built on the OP Stack solution and is also one of the core members of the OP Superchain. The DA layer of Mint Blockchain uses the Ethereum mainnet, so the underlying ledger security of Mint Blockchain is entirely based on the security consensus of the Ethereum network. At the same time, Mint Blockchain is a fully EVM-compatible public blockchain network, allowing Ethereum ecosystem developers to seamlessly expand their projects onto the Mint Blockchain network. As a Layer2 scaling network, Mint Blockchain significantly reduces the gas fee costs of on-chain interactions, providing effective scalability for the Ethereum ecosystem.

Currently, the Mint team is building a one-stop open-source underlying infrastructure for NFT assets on Mint Blockchain, including a series of NFT infrastructures such as NIPs Platform, Mint Studio, IP Layer, Mint Liquid, and NFT-AI Agent.

The vision and mission of Mint Blockchain: to link global users and AI Agents with NFTs, allowing every individual in human society (including both humans and AI Agents) to freely own NFT assets, making NFTs the most flexible value carriers in the crypto world!

Core Modules of Mint Blockchain

Mint Blockchain aims to create a decentralized network dedicated to serving the entire lifecycle of NFT assets, from issuance to transaction settlement, and 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 issuance tool that supports creators and developers in minting NFT assets from text, images, audio, and video formats, issuing them to popular blockchain networks such as Mint Blockchain, Berachain, Base, Optimism, and BNBChain.

Module 2: IP Layer

IP Layer provides IP assetization services for NFTs on over 20 blockchain networks, including Ethereum, Mint Blockchain, Solana, Berachain, Base, Optimism, and BNBChain. Anyone can register and price their NFT assets on-chain through IP Layer, allowing them to earn on-chain royalty income.

IP Layer will provide creators with a one-stop IP assetization service, helping them better capture value through creation, which will comprehensively reform the traditional copyright market, allowing copyright value to be traded and settled through blockchain in a more efficient and fair manner.

Module 3: Mint Liquid

Mint Liquid is a liquidity product built by the Mint team based on protocols such as Superchain, ERC7683, Uniswap, and Across Protocol, supporting multi-chain NFT and token asset trading, achieving multi-chain liquidity aggregation and asset cross-chain interoperability.

The Mint Liquid product will greatly improve the trading efficiency of on-chain crypto assets, reduce on-chain trading friction costs, and better provide price discovery capabilities for new crypto assets, promoting the prosperous development of the on-chain trading market.

Module 4: RWA-RareShop

RareShop is the world's first consumer-facing RWA NFT product sales platform. RareShop uses the ERC7765 asset protocol standard for RWA NFT asset issuance, providing merchants and consumers with new shopping scenarios and interaction methods, including features such as crypto payments, privacy protection, product pre-sales, gift giving, and physical delivery, offering a one-stop Web3 digital technology solution and marketing plan for global brands and enterprises.

The ERC7765 asset protocol standard is an RWA NFT asset protocol standard proposed by the Mint Blockchain team to the Ethereum community, aimed at providing industry standards for RWA asset issuance. Currently, 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 four basic functions:

1) NFT image recognition

2) On-chain data retrieval for NFTs

3) On-chain trading of tokens/NFTs

4) Analysis of NFT market development trends

Business Summary:

Through the development of the above five core modules, Mint Blockchain will create a decentralized network focused on serving NFT assets, from NFT asset issuance to trading & settlement, to on-chain data indexing, serving the entire lifecycle of NFT assets. Mint Blockchain aims to make NFTs the largest value carriers in the crypto world, allowing everyone to own NFT assets and making NFTs a free asset linking humans and AI Agents.

About Mint Ecosystem Incentive Mechanism

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

• NFTs to Earn mechanism: Encourages creators to issue new NFT assets in the Mint ecosystem.
• Mint Eco Fund: Invests in and supports native applications and developer teams in the Mint ecosystem.
• ETH Gas reward mechanism: High-quality protocol standards and applications can receive ETH Gas rewards.
• RetroPGF mechanism: Provides long-term retrospective rewards for builders of the Mint ecosystem's infrastructure.

Mint Blockchain Economic Model

Native asset name: Mint

Asset symbol: $MINT

MINT Total Supply: 1 Billion

$MINT Token Initial Allocation Mechanism:

82% Allocated to Community Builders & Early Supporters and Developer Ecosystem

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

18% Allocated to MintCore Team

$MINT Token Uses

• Governance Rights: $MINT has voting governance rights;
• Ecosystem Incentives: Incentivizes developers to build on Mint Blockchain;
• Usage Rights: $MINT is the official native crypto asset on Mint Blockchain, and during the process of becoming a distributed validator node on Mint Blockchain, $MINT is the designated staking crypto asset;
• Asset Pricing: $MINT will be used for asset pricing and trading pricing during the issuance process of RWA, NFT, Token, Meme, and other assets on the Mint chain.

$MINT Staking & Restaking Mechanism

Mint Blockchain will achieve decentralized distribution of transaction sorter revenue through user participation in $MINT Staking & Restaking operations.

After the $MINT TGE, users can participate in $MINT asset staking operations through the MintPool protocol. MintPool is a decentralized staking protocol on the Mint Blockchain network that supports staking operations for $MINT, $ETH, and NFT assets.

When users perform $MINT staking operations, they need to choose a Staking Node to implement the staking. Regarding Staking Nodes:

• Super Node: Super Nodes are evaluated and generated through a reputation node mechanism in the early stages. Super Nodes need to stake a certain amount of MINT assets to MintDAO and run a node server. Super Node members need to deeply participate in the development of the Mint ecosystem, usually composed of larger infrastructure and investment institutions within the Mint ecosystem.
• Base Node: Base Nodes are foundational nodes generated by the community, typically composed of the global Mint community and developer community. Base Nodes are more open, with lower thresholds, allowing any developer organization and crypto community to apply and join the Mint ecosystem.

Super Node and Base Node members can receive node mining rewards provided by MintDAO, incentivized based on the amount of $MINT staked captured by each Staking Node, generally rewarding 10% of the user’s staking mining rewards, which is additionally rewarded by MintDAO to the Staking Node.

After users stake $MINT Tokens through a Staking Node, they can obtain a staking certificate called sMINT Token, where sMINT stands for Staked MINT.

Holding sMINT can secure an APR of 15% in $MINT Token mining rewards, provided by MintDAO.

After obtaining sMINT, users can synthesize sMINT into BC721 Mint-eNFT assets (the amount of sMINT required for synthesis changes in real-time based on the Bonding Curve, adding more gamification and fun). Holding BC721 Mint-eNFT allows users to receive 50% of the mining rewards from the Mint Blockchain sorter ETH revenue (sorter revenue - DA fees - Superchain fees). The entire process can be understood as a Restaking operation of $MINT assets.

In summary, users participating in $MINT Staking & Restaking operations can obtain the following two layers of rewards:

First Layer Reward: APR of 15% in $MINT as staking rewards;

Second Layer Reward: 50% of the net revenue ETH from the Mint Blockchain network sorter as restaking rewards.

Through $MINT Staking & Restaking operations, the capital utilization of $MINT assets is greatly improved, while also enhancing the security of the Mint Blockchain network and the stability of the economic system. It also achieves decentralized distribution of Mint network sorter ETH revenue, allowing community users to capture the development benefits of Mint Blockchain in the long term, strengthening community consensus, and increasing community participation in the development of the Mint network, jointly promoting the prosperous development of Mint Blockchain.

MintDAO Organization

MintDAO is a decentralized autonomous organization within the Mint Blockchain ecosystem, managing 50% of the total $MINT economic assets through a multi-signature wallet. As the Mint ecosystem develops, the multi-signature authority of MintDAO will gradually be released to core organizations and builders within the Mint ecosystem, gradually achieving decentralized governance of ecosystem development.

Core Functions of MintDAO:

• $MINT Basic Liquidity Provision: Early liquidity for $MINT assets is provided by MintDAO.
• Mint Staking Mining Incentives: The funding for $MINT staking mining incentives is provided by the MintDAO organization;
• Mint Eco Fund: Directly managed by MintDAO, investing in innovative products and protocols within the Mint ecosystem.
• Mint Blockchain Brand Building: Promotes the global brand influence of Mint Blockchain and facilitates educational efforts in the global NFT market.
• Mint Community Growth: Promotes community development in various regions of the Mint Blockchain globally through the establishment of MintHub, allowing more people to understand and use the Mint network.
• Mint Ecosystem Growth: Promotes the construction of the Mint Blockchain developer ecosystem by hosting online and offline developer events.

Sources of MintDAO Organization Funds:

• Initial allocation of 50% of the total $MINT economic assets: 500 million $MINT;
• A portion of the ETH revenue from Mint Blockchain sorters will enter the MintDAO treasury;
• Investment returns from the Mint Eco Fund belong to the MintDAO treasury;

Every significant expenditure from the MintDAO treasury will be publicly disclosed on-chain and can be checked across the network. Daily operational expenses of the MintDAO organization will be audited by third-party auditing firms.

Mint Blockchain Resource Links

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 to empower creators, developers, and users in the Web3 world. With Ethereum Layer 2 technology and the integration of advanced solutions such as Mint Studio, IP Layer, Mint Liquid, RareShop, and NFT-AI Agent, Mint Blockchain is building the cornerstone for the future development of NFTs 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. The governance model of MintDAO and its innovative incentive mechanisms ensure the long-term growth and sustainability of the platform, while its multi-chain compatibility and seamless interoperability provide significant value in the broader Web3 landscape.

As the Mint Blockchain ecosystem continues to develop, our vision remains unchanged: to unlock the true potential of NFTs as decentralized value carriers, driving digital ownership and innovation into a new era. By promoting NFT standards, expanding decentralized finance applications, and transforming multiple global industries, Mint Blockchain stands at the forefront of the Web3 digital revolution.

We sincerely invite developers, creators, and users to join us in shaping a blockchain-driven future.

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