Mint Blockchain Secures $1.35M Grant from Optimism to Boost NFT Innovations

ethereum L2 network for the nft industry, Mint Blockchain, received a grant of 750,000 OP tokens ($1.35 million) from Optimism Governance in Cycle 28 of Optimism Grants.

On October 15, Mint Blockchain announced in a x.com/Mint_Blockchain/status/1846056503255715897″ target=”_blank”>x publication that Optimism (OP) has approved its grant request for 750,000 OP tokens or equivalent to $1.35 million. The nft-focused network will use the funds to power “the Superchain nft economy.”

According to the post, Mint is the only “Superchain” project in the Cycle 28 round of grant approvals. Based on Cycle 28 winners advertisementOptimism also approved grants for Uniswap, DelegateMatch, and Scout Game.

“We are beyond grateful for your support as we continue our mission to accelerate nft innovation and adoption on Mint Blockchain and the broader Superchain ecosystem,” Mint Blockchain stated in its post.

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Mint Blockchain plans to use the funds acquired from the grant to empower developers and onboard new users to the superchain. Mint also hinted that it will reveal more detailed plans in the near future.

Optimism expressed in an aside. x.com/SuperchainEco/status/1845832863301660809″ target=”_blank”>x publication that the goal of the grant is to incentivize developer growth and increase user participation in the Mint ecosystem. More broadly, Optimism hopes the grant will further drive nft innovation and adoption within the Mint Blockchain, as well as other superchain ecosystems.

After receiving the grant, Mint took the opportunity to invite developers to launch their projects on the protocol and share their ideas in the nft field through the Mint development forum.

“If you are passionate about the nft fields, you can share your ideas through the Mint developer forum; We are ready to work together to turn these nft concepts into reality. We're excited for what's coming and look forward to supporting you! wrote mint.

A relatively new mainnet, Mint Blockchain was founded in May 2024 and currently has over 400,000 active users worldwide and supports over 80 applications. At the beginning of its journey, Mint completed $5 million seed financing round that was joined by Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, among other investors.

Mint Blockchain is a member of OP Superchain and a strategic partner of Optimism Foundation in the Asia-Pacific region. Mint claims that its mainnet greatly reduces the gas fee cost for on-chain interactions and helps provide effective scalability for the ethereum ecosystem.