Mint Blockchain, an Ethereum layer two (L2) network focused on non-fungible token (NFT) advancements, has been awarded 750,000 OP tokens ($1.35 million) in the 28th cycle of Optimism Governance grants. This funding aims to accelerate innovation within the NFT space and onboard new users to the platform.
Optimism Awards Mint Blockchain $1.35 Million to Support NFT Advancements
According to the governance update, the grant will support Mint Blockchain’s ongoing mission to expand its NFT ecosystem. The project, known for its integration with the Superchain, aims to position itself as a key player in the NFT industry.
The funding is expected to drive initiatives that include lowering gas fees, enhancing developer infrastructure, and introducing comprehensive NFT standards. Mint Blockchain’s use of the OP Stack has enabled a modular, fully auditable, and EVM-compatible technology that appeals to developers and creators alike.
“We are beyond thankful for their support as we continue our mission to accelerate NFT innovation and adoption across Mint Blockchain and the broader Superchain Ecosystem,” the team stated on Tuesday. “This grant will fund initiatives to empower builders and onboard new users on Mint, with detailed plans to be announced soon.”
The team added:
To celebrate our grant request’s approval we’ve allocated 25% [of] the OP funding to future token allocations.
In addition to Mint, Uniswap, the decentralized exchange, was also a grant recipient in the same funding cycle, reflecting the broad scope of projects supported by Optimism Governance. With this new round of funding, Mint Blockchain aims to further its focus on emerging NFT types, including AI-generated content (AIGC), real-world assets (RWA), and other advanced NFT technologies.
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