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Insights on Mint Blockchain Development

May 31, 2024

Mint Blockchain, the distinguished Ethereum L2 network specializing in the NFT sector, has recently concluded a seed funding round of US$5 million. Notable backers in this round include Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, as well as individual investors Victor from Smart Token Labs, and Mike from GoPlus. The funding injection is dedicated to amplifying Mint Blockchain’s global market visibility and fortifying its NFT infrastructure.

May 2024 marked the debut of the Mint mainnet, which has swiftly amassed over 400,000 active users worldwide and supports more than 80 applications. The collaborative effort between NFTScan Labs and the MintCore developer team has been instrumental in shaping the success of Mint Blockchain.

Utilizing the OP Stack—a public development stack developed and maintained by the Optimism Collective—Mint Blockchain stands as an EVM-compatible network and a legitimate Ethereum L2 platform, allowing seamless project extension for developers within the Ethereum ecosystem.

An advantageous feature of Mint Blockchain is its pronounced reduction in gas fees for on-chain interactions, enhancing scalability within the Ethereum ecosystem. The platform's affiliation with OP Superchain and strategic partnership with the Optimism Foundation in the Asia-Pacific region further underscore its strategic positioning.

Focused on the needs of NFT assets and their holders, Mint Blockchain offers comprehensive underlying infrastructure services to Web3 developers. These services include NFT asset issuance, trading, indexing, storage, and related support functions—all aimed at advancing network decentralization.

From pioneering incentives tied to NFT asset protocols to the entire spectrum of NFT lifecycle management—ranging from issuance, transactions, settlement to Metadata storage, and decentralized data indexing—Mint Blockchain aims to emerge as a distinctive Ethereum L2 network.

Positioned as a robust and forward-thinking L2 network, Mint Blockchain is well-poised to equip Web3 developers with the essential tools and infrastructure essential for enhancing their NFT applications.

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