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NFTScan Labs: why are we launching the L2 Network Mint Blockchain?

Development Background

NFT (Non-Fungible Token) is a unit of cryptographic data stored on a blockchain that can represent unique digital assets such as identity, contracts, rights, reputation, and social relationships. Unlike cryptocurrencies like Bitcoin, NFT assets are non-interchangeable, meaning each NFT is a unique on-chain asset. NFT assets can be freely transferred, traded, and used as collateral for loans on the blockchain, making them a new class of crypto assets.

Since the ERC721 asset protocol standard was first proposed in the Ethereum community in 2017, NFTs have been developing for six years. From the once-popular CryptoKitties to the CryptoPunks avatar trend and the BAYC-led 2021 NFT Summer, we have witnessed the resilience and limitless potential of NFTs throughout their history. The NFT bull market in 2021 saw the market scale reach hundreds of billions of dollars, but this was only the tip of the iceberg in the PFP NFT segment. We believe that the NFT sector will create a market worth trillions of dollars in the future, with limitless growth potential!

From early 2021 to the present, the NFTScan Labs team has been deeply involved in the NFT space, engaging with many frontline developers and researching thousands of NFT projects. Throughout this process, we have discovered the enormous potential and broad application space for NFTs. We firmly believe that mass adoption in the crypto space will emerge in the NFT sector, unleashing a market worth trillions of dollars!

To accelerate the arrival of this day, we have decided to launch a brand-new blockchain network: Mint Blockchain.

Introduction to Mint Blockchain

Mint is a Layer 2 network dedicated to promoting the innovation of NFT asset protocol standards.

Rooted in the NFT community, Mint Blockchain differs from other Layer 2 networks by placing a greater emphasis on NFT asset protocol innovation and the exploration of NFT application scenarios.

The core value of the Mint Blockchain network lies in driving and achieving innovation in NFT asset protocol standards, guiding developers to innovate and explore NFT assets in more application scenarios. These include but are not limited to AIGC (Artificial Intelligence-Generated Content), gaming, RWA (Real-World Assets), reputation systems, membership systems, identity systems, culture and entertainment, sports, music and video, copyright tracing, and artistic creation.

Mint Blockchain has created a decentralized network where all Web3 users can freely participate in the creation of NFT asset protocols and the issuance of NFT assets. The mission of the Mint Blockchain network is to promote NFT asset protocol innovation, expand NFT asset application scenarios, improve NFT asset development efficiency, and unlock the potential value of the trillion-dollar NFT market.

From Bitcoin to Ethereum, and now to the emergence of the Mint Blockchain network, this is the natural evolution of the blockchain industry over the past 15 years. We have witnessed the glory of BTC as digital gold and the explosive innovation brought about by the smart contract protocols led by ETH. Next, we will create an industry upgrade and breakthrough development wave led by the new class of crypto assets: NFTs. Crypto is not just native; it can also change people's daily lives and alter certain production relationships.

According to NFTScan data, as of December 2023, 1.4 billion NFT assets have been issued on the blockchain, with 3.22 million NFT asset contracts deployed. An average of 6,000 NFT projects and 5 million NFT assets are added daily. In the next 5 to 10 years, NFTs will become a new digital lifestyle for humanity! The Mint Blockchain network is committed to making this day a reality.

Mint Website: https://mintchain.io

Mint's Positioning: A Layer 2 blockchain network focused on the NFT sector.

Mint's Features:

  1. Low cost of issuing NFT assets
  2. A rich variety of NFT asset protocol standards
  3. Comprehensive NFT infrastructure
  4. Shared block revenue with developers

The Value and Significance of Mint Blockchain

  1. The Mint Blockchain network will become an innovative network for NFT asset protocol standards and will also serve as a pioneer network for NFT asset protocol standards within the EVM ecosystem.
  2. The Mint Blockchain network is the preferred value network for issuing NFT assets, connecting millions of global NFT issuers with NFT developers.
  3. The Mint Blockchain network is an open and co-creative decentralized network that transparently allocates block revenue with the developer community.

As a Layer 2 blockchain focused on the NFT sector, Mint Blockchain will bring more native applications and possibilities to the Ethereum and Bitcoin networks. Welcome to join the Mint Blockchain ecosystem!

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