Mint Blockchain: Ethereum L2 Network Company Raises $5 Million

By Amit Chowdhry • Jun 7, 2024

Mint Blockchain, the Ethereum L2 network for NFT industry, completed a US$5 million seed funding round joined by Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, and individual investors Victor, founder of Smart Token Labs, and Mike, founder of GoPlus. And this funding round will be used for Mint Blockchain’s global market brand building and NFT infrastructure development.

Along with the successful seed round, the Mint mainnet launched in May 2024. And it currently has over 400,000 active users worldwide and supports 80+ applications. Mint Blockchain is an Ethereum L2 network jointly launched by NFTScan Labs and the MintCore developer team.

Mint Blockchain is built on OP Stack, the open-source development stack developed and maintained by the Optimism Collective. And as an EVM-compatible network and a genuine Ethereum L2, developers in the Ethereum ecosystem can seamlessly extend their projects to the Mint Blockchain network.

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

Mint Blockchain was designed with NFT assets and their holders in mind, providing Web3 developers with one-stop underlying infrastructure services including NFT asset issuance, trading, indexing, storage, and other related services. And the team behind Mint Blockchain is committed to advancing the decentralization of the network. These features are sure to provide a safe and stable decentralized network with an interactive environment for all users and builders.

From the innovative incentives from the NFT assets of the underlying protocol standards to NFT issuance, transaction, and settlement, to the construction of NFT asset Metadata storage layer, and finally to the decentralized indexing of NFT asset data, Mint Blockchain will be developing into the most distinctive EthereumL2.