The NFT sector is set to benefit from the Ethereum Layer 2 network, as Mint Blockchain has been awarded a grant from Optimism Governance during the 28th cycle of its grant program.
On October 15, Mint Blockchain announced in a post on X that Optimism has approved its grant request for 750,000 OP tokens, valued at approximately $1.35 million. According to the announcement, Mint Blockchain is the sole “Superchain” project approved in the Cycle 28 round of grants.
We are excited and grateful to share some news worth celebrating.@OptimismGov has approved our grant request of 750k OP in Cycle 28, and Mint’s the only Superchain in this round. ????
We are beyond thankful for their support as we continue our mission to accelerate NFT… https://t.co/dQaMOhlLRf
— Mint???? (@Mint_Blockchain) October 15, 2024
The NFT-focused network plans to utilise these funds to enhance “the Superchain NFT economy.” It revealed plans to utilize the grant funds to empower developers and onboard new users onto the Superchain. The company also indicated that it would reveal more detailed plans in the near future.
In a separate X post, Optimism highlighted that the purpose of the grant is to encourage developer growth and enhance user engagement within the Mint ecosystem. More broadly, Optimism aims for the grant to foster NFT innovation and adoption, not only within Mint Blockchain but also across other Superchain ecosystems.
Following the grant approval, Mint Blockchain seized the opportunity to encourage developers to launch their projects on the protocol and share their ideas within the NFT space through Mint’s development forum.
“If you’re passionate about NFT fields, you can share your ideas through Mint developer forum—we’re ready to work together to turn these NFT concepts into reality. We’re excited for what’s ahead and look forward to supporting you!”
the Blockchain’s announcement read.
Founded in May 2024, Mint Blockchain completed a $5 million seed funding round early in its journey, attracting investments from Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, and other notable backers.
Organizations have achieved significant milestones over the month with seed funding. The newly established DeFi platform BitFi completed a $50 million seed funding round to power its goal of enhancing yields on various digital assets, including Bitcoin, by combining elements of centralised and decentralised finance.
The platform reached an all-time high Total Value Locked (TVL) of $400 million within just one month of launch on June 25, 2024. Notable crypto investors, including IBC Group Ventures, Fundamental Labs, Citizen Journalism Network Accelerator (CJNA), and TyreGate Capital Group, participated in the round.
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