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

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

On Oct. 15, Mint Blockchain announced in an X post that Optimism(OP) has approved their grant request for 750,000 OP tokens or equal to $1.35 million. The NFT-focused network will use the funds to boost “the Superchain NFT economy”.

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

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

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

Optimism stated in a separate X post that the aim of the grant is to incentivize growth for developers and to increase user engagement in the Mint ecosystem. On a wider scope, Optimism hopes that the grant will further drive NFT innovation and adoption within the Mint Blockchain as well as across 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 field 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!” wrote Mint.

A relatively new mainnet, Mint Blockchain was founded in May 2024 and currently has more than 400,000 active users worldwide and supports more than 80 applications. At the start of its journey, Mint completed a US$5 million seed funding round joined by Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, among other investors.

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