Mint Blockchain secures $1.35m grant from Optimism to boost NFT innovations

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

On October 15, Mint Blockchain announced in an The NFT-focused network will use the funds to power the “Super Chain NFT economy.”

According to the post, Mint is the only “Super Chain” project in the Cycle 28 grant approvals. Building on the announcement of the Cycle 28 winners, Optimism also approved grants for Uniswap, DelegateMatch, and Scout Game.

“We are grateful for their support as we continue our mission to accelerate NFT innovation and adoption across Mint Blockchain and the broader Superchain Ecosystem,” Mint Blockchain said in the post.

We are excited and grateful to share some news worth celebrating.@OptimismGov It approved our grant request for 750k OP in Cycle 28, and Mint is the only Superchain in this round. 🎉

We are grateful for their support as we continue our mission to accelerate NFT… https://t.co/dQaMOhlLRf

— Mint🍀 (@Mint_Blockchain) 15 October 2024

Mint Blockchain plans to use the funds from the grant to empower builders and support new users on the superchain. Mint also hinted that it will announce more detailed plans in the near future.

Optimism stated in a separate X post that the purpose of the grant is to spur growth for developers and increase user engagement in the Mint ecosystem. More broadly, Optimism hopes the grant will further fuel NFT innovation and adoption on the Mint Blockchain and 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 space through Mint’s development forum.

“If you are passionate about NFT spaces, you can share your ideas via the Mint developer forum; We are ready to work together to make these NFT concepts a reality. We’re excited for what’s to come and can’t wait to support 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 start of its journey, Mint closed a US$5 million seed funding round in which Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, among other investors participated.

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