Mint Blockchain’s $1.35M grant drives NFT ecosystem growth

Mint Blockchain, an Ethereum L2 network and NFT industry platform, recently earned a significant grant of 750,000 OP tokens (equal to $1.35 million) from Optimism Governance as part of the 28th cycle of Optimism Grants.

Mint Blockchain said on X that Optimism has approved its funding request, giving it the money needed to expand “the Superchain NFT economy.” Mint is the only “Superchain” project funded in the Cycle 28 round, joining other grantees like Uniswap, DelegateMatch, and Scout Game.

“We’re incredibly grateful for Optimism’s support as we work to accelerate NFT innovation and adoption within Mint Blockchain and the broader Superchain Ecosystem,” Mint Blockchain stated in the post.

Mint intends to use these funds to empower builders and onboard new users on the superchain, with more information on its forthcoming efforts to be announced soon.

In a separate X post, Optimism stated that the grant is designed to spur developer growth and user involvement in the Mint ecosystem. The greater goal, it stated, is to promote NFT innovation and acceptance not only inside Mint Blockchain but also across other superchain networks.

Following the grant announcement, Mint extended an invitation to developers passionate about NFTs to join its community, share ideas, and launch projects on the protocol. “If you’re excited about NFTs, bring your ideas to the Mint developer forum—we’re ready to collaborate and turn these concepts into reality. We’re excited for what’s ahead and look forward to supporting you along the way!” Mint wrote.

Established in May 2024, Mint Blockchain is a relatively new mainnet, already with over 400,000 active users globally and supporting more than 80 applications.

Backed by $5 million in seed funding from investors like Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, and Predator Capital, Mint is a key member of the OP Superchain and a strategic partner of the Optimism Foundation in the Asia-Pacific region.

Mint’s mainnet reduces gas fees for on-chain transactions and improves scalability in the Ethereum ecosystem—two key benefits that have established its position as a leader in the emerging NFT space.

(Photo by Andrey Metelev)

See also: 85% of all cryptocurrencies are worth less than a cent

Want to learn more about blockchain from industry leaders? Check out Blockchain Expo taking place in Amsterdam, California and London.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

The post Mint Blockchain’s $1.35M grant drives NFT ecosystem growth appeared first on The Block.