On November 11, 2024, the world’s first NFT Developer Summit, “NFTCON 2024,” co-hosted by PANews and NFTScan, was grandly held in Bangkok, Thailand. The summit gathered industry leaders, renowned NFT projects, and senior professionals from the crypto sector worldwide to explore the application prospects of NFTs in key fields such as MEME, social, culture, business, and social charity. Participants engaged in in-depth discussions on these topics, analyzing the innovative applications of NFTs across various sectors and the vast opportunities ahead. As a leading blockchain innovation platform, Mint Blockchain showcased its latest achievements and strategic plans in the NFT space during the event.
Mint Blockchain’s Strategy and Ecosystem Layout
At the conference, Rose, the head of Mint Blockchain’s ecosystem, presented Mint’s latest advancements in NFT innovation and consumer applications, as well as its future growth strategy. She emphasized, “As blockchain technology and NFT applications gradually mature, consumer applications have become a key driving force for ecosystem development.” Mint Blockchain places consumer applications at the core of its strategy, continually enhancing overall user engagement within its ecosystem by providing efficient and convenient experiences for users. Additionally, with the interoperability features of its Superchain, Mint Blockchain offers strong support in the cross-chain application domain and is actively working to become a leading blockchain in the NFT space.
Mint Blockchain’s mainnet launched in February 2024, became part of the OP Superchain ecosystem in April, and launched its public mainnet in June, rapidly driving ecosystem expansion. By September, Mint Blockchain had surpassed 5 million active users, with over 10 million on-chain transactions. Additionally, Mint Blockchain’s ERC 7765 proposal is currently under review within the Ethereum community. Mint Blockchain has also received 750,000 OP tokens from the Optimism Foundation to support the further development of its ecosystem. As a rapidly growing chain within the Superchain ecosystem, Mint Blockchain will continue to actively participate in OP governance and contribute to decentralized governance.
Adapting Actively to New Trends in the NFT Market
Globally, the NFT market remains vibrant, but it also faces some challenges. In her speech, Rose mentioned that there are concerns about the future of NFTs in the market. However, she emphasized the market’s potential for evolution. As the ecosystem continues to mature and user demands evolve, the scope of NFT applications worldwide is expanding. This is especially true in ecosystems such as Solana, OP Mainnet, Base, and other Layer 2 solutions, where NFT activity is increasing. The growing activity within these ecosystems is also amplifying opportunities for innovation and development in the NFT industry, making the outlook for the NFT market very promising.
Three Key Directions of the Mint Ecosystem
Rose stated that the development of Mint Blockchain’s ecosystem focuses on the following three key directions:
NFT + Applications: Diversified Consumer Experiences
Mint Blockchain is committed to integrating NFTs with applications in gaming, DeFi, social platforms, and more, aiming to build an NFT + application ecosystem. Through this strategy, Mint aims to offer users an immersive consumer experience, expanding the application areas of NFTs beyond just digital collectibles, to cover a wider range of consumption scenarios.
NFT Passports: Cross-Platform Interoperability Innovation
Mint Blockchain is actively advancing its NFT Passport initiative. Users can use the NFT Passport to facilitate cross-platform asset circulation, simplifying identity verification processes and enhancing convenience and user experience. Mint’s goal is to make it easier for users to transfer assets between different platforms, thereby reducing the barriers to cross-platform usage.
Simplifying the NFT Creation Process: Lowering Barriers, Encouraging Creators
To attract more creators into the NFT space, Mint Blockchain focuses on simplifying the NFT creation process by providing one-stop development tools to help creators easily launch and manage their NFT products. This strategy not only lowers the entry barriers for creators but also enriches the market content, potentially driving more diverse NFT creations.
In addition, the Mint ecosystem has already launched many innovative NFT collectibles and projects. For example, Mint Cats (a playable NFT) and the Ms404 series, which uses the ERC404 protocol standard. The Ms404 series allows users to convert ERC721 NFTs into ERC20 tokens, enabling a new form of NFT interaction. These projects highlight Mint’s unique advantages in NFT innovation.
Currently, there are more than 80 decentralized applications (dApps) within the Mint ecosystem, and this number is expected to exceed 100 soon. MintSwap, the native decentralized exchange platform of the ecosystem, provides functionality for NFT trading and token swaps. Meanwhile, the MintRich platform not only supports the issuance of MemeCoins but also facilitates the release of MemeNFTs, enabling users to easily create and launch their own MemeNFTs. Furthermore, Mint Blockchain has introduced the world’s first RWA (Real World Asset) NFT sales platform, RareShop, aimed at helping merchants and consumers achieve a more convenient trading experience through RWA NFTs.
Additionally, Mint Forest, the flagship social on-chain activity platform of Mint, focuses on environmental protection and has attracted a large number of users through interactive experiences. The active user base of Mint Forest 3.0 has surpassed 430,000. The platform not only enhances user engagement but also attracts more new users through optimized UI/UX design.
Roadmap and future outlook
2025 Q1: Announce the $MINT tokenomics model to the community and launch a community airdrop event.
2025 Q2: Deploy the $MINT Staking & Restaking protocol to distribute Mint network gas revenue to the community in a decentralized manner.
2025 Q3: Introduce the “NIP to Earn” ecosystem incentive program to encourage developers to innovate NFT asset protocol standards and launch new NFT assets.
2025 Q4: Launch the Mint Ecosystem Super App, providing global NFT consumers with an all-in-one mobile crypto service.
The Future Applications and Potential of NFTs
As one of the key ecosystems of Mint Blockchain, RareShop’s Chief Operating Officer, Fries, further elaborated on the vast application prospects of NFTs during the conference. He emphasized that the true potential of NFTs goes far beyond the currently popular PFP avatars and digital collectibles. More importantly, it lies in the ability of NFTs to integrate with real-world assets. Fries pointed out that NFTs can be widely applied in areas such as tickets, artwork, fashion, real estate, and even the financial and investment sectors. These fields represent potential directions for NFT applications in real-world scenarios, and they are likely to become growth points for the future NFT market.
Summary
NFTCON 2024 provided a unique opportunity for the industry to share and exchange innovations and developments in the NFT space. Mint Blockchain’s participation and insights have outlined a clear vision for its future growth and strategy. By placing consumer applications at its core, Mint Blockchain continues to enhance its competitiveness and influence in the NFT field through innovation and ecosystem expansion, aiming to build an open and interoperable NFT ecosystem. As a Layer 2 blockchain connecting global consumers with NFTs, Mint Blockchain is committed to driving the continued growth and development of the NFT industry, making a positive contribution to the global NFT ecosystem!
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