Mint Blockchain is an innovative L2 network focusing on the NFT field, dedicated to promoting the innovation of NFT asset protocol standards and the large-scale adoption of NFT assets in real business scenarios. In this article, we mainly discuss the importance of innovation in NFT asset protocol standards, as well as the positive impact and promotion of the development of the NFT ecosystem.
Looking back at the history of the blockchain industry, we find that each round of bull market is accompanied by the emergence and explosive growth of a new type of crypto asset protocol standard. In 2017, the Ethereum network ushered in the massive growth of the ERC20 asset class and ushered in an unprecedented bull market; in 2021, the Ethereum network ushered in the explosion and massive growth of NFT assets represented by the ERC721 asset protocol standard, and ushered in the PFP NFT bull market; in 2023, the Bitcoin network, based on the inscription NFT, ushered in the BRC20 asset class innovation wave, which continues to this day. The PFP NFT bull market; in 2023, the Bitcoin network, based on the inscription NFT, ushered in the BRC20 asset class innovation wave, which continues to this day.
The bull market and outbreak points that have occurred in the development of the blockchain industry are conveying an extremely important message to us: innovation in the crypto asset class is crucial to the development of the blockchain industry. From a financial perspective, blockchain is essentially creating a new type of asset with a special risk-return structure that is unprecedented in human history, so the innovation of new asset protocol standards has become the fundamental driving force for the development of the blockchain industry, or the driving force of the industry.
Crypto asset categories can be roughly divided into two categories in terms of homogeneity. One is homogeneous assets, represented by the ERC20 protocol standard; the other is non-homogeneous assets NFT, represented by the ERC721 protocol standard. In terms of asset complexity and structural attributes, the complexity of NFT assets is much higher than that of FT. In a broad sense, if we regard each smart contract as a crypto asset, it should belong to the NFT asset category. Therefore, from the perspective of on-chain information and data encryption assets, NFT must be a very important asset category with good programmability and scalability.
Since the ERC721 asset protocol standard was proposed in 2017, the NFT field has developed for 6 years, and ushered in a super bull market led by the PFP NFT asset class in 2021. However, we believe that the $20 billion market derived from the PFP NFT asset class in the past is just the tip of the iceberg in the overall NFT field. To tap the overall value of NFT, we must start at the level of NFT asset protocol standards.
What to do? Start thinking, innovating, experimenting, developing, and applying. We firmly believe that the Mass Adoption of the blockchain industry will definitely appear in the NFT field, causing a new wave of encryption around the world.
For Mint Blockchain, our mission is to further promote the innovation of NFT asset protocol standards, guide and inspire developers and creators around the world to think deeply about the future application scenarios and market demands of crypto assets such as NFTs, release all the possibilities of NFTs, and allow the market to choose and evolve. Ultimately, a group of valuable and meaningful NFT asset protocol standards will be precipitated and widely adopted by the market, thereby releasing the market value of NFTs.
From an innovation perspective, Mint Blockchain will play the role of an NFT innovation "factory"; at the same time, Mint Blockchain will also become the NIPs innovation protocol pioneer network for all EVM networks, opening up a future path for the development of the NFT field!
We don’t know what will come out of the Mint Blockchain network ecosystem, but we know that it will definitely give birth to some meaningful new things. We are willing to persist in this potential possibility for several years to promote and guide the innovative development in the NFT field.
If you are interested in and have ideas about the innovation of NFT asset protocol standards, welcome to join the Mint Blockchain ecosystem! Mint Blockchain will launch the mainnet in Q2 2024. We will launch various developer activities and hackathons to capture the best NFT ideas in the world, turn ideas into products, and bring NFT into everyone's life.
Perhaps one day in the future, you will hold an NFT digital wallet, which will change your lifestyle like WeChat social networking: you need to verify your NFT identity when entering the community, swipe your NFT membership card directly when shopping in the supermarket, use your NFT PASS card directly when going to the gym, verify your NFT ticket when watching a concert, and verify your NFT digital membership when watching online videos... All terminal systems will support the verification and exercise of NFT assets, and everyone will have their own NFT digital wallet, which will greatly increase everyone's freedom in all dimensions and better protect personal information privacy.
We know that this day may still be a long way off, but we have foreseen the future and decided to accelerate the arrival of this day. Making NFT a new digital lifestyle for humans is the ultimate vision of Mint Blockchain!