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Investment company VanEck has introduced a new non-fungible token (NFT) and digital assets marketplace named SegMint, following the successful debut of its spot Bitcoin exchange-traded fund (ETF) in the U.S.
In their announcement, VanEck stated that the concept for SegMint originated from their research into digital assets and the infrastructure developed around their “Lock and Key Model.” The technology partners collaborating with SegMint include Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun.
What is SegMint’s Lock and Key Model?
VanEck clarifies that SegMint’s Lock & Key Model streamlines the management of self-custodied assets by providing a simple solution for sharing ownership and access. Entry to the new platform will be restricted, with anticipated interest coming from Europe and Asia. Users of SegMint will receive an “Adventurer NFT” along with a verified profile and completed Know Your Customer (KYC) requirements.
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“We recognized a major pain point in the digital assets landscape—the difficulty of sharing access and ownership in a self-custody environment,” states Matt Bartlett, founder of SegMint, in a press release. “The Lock and Key Model tackles this issue by delivering a user-friendly solution that enables individuals to securely share their assets while maintaining control,” Bartlett adds.
NFT Volumes Experience Growth in Crypto Bull Market
On Monday, the volume of NFT sales increased by 2.35% to $52,286,636 within 24 hours. Bitcoin has now surpassed Ethereum in terms of NFT sales volume. Traditionally, Ethereum dominates the rankings, often holding the top position for extended periods, according to Sead Fadilpašić from CryptoNews. Over the past week, Ethereum achieved a sales volume of $136.7 million, while Bitcoin recorded $97.8 million.
VanEck Reduces Bitcoin ETF Fees to 0.20%
In January, VanEck launched its spot Bitcoin ETF in the U.S. under the ticker symbol “HODL.” The investment firm reduced its fees for the VanEck Bitcoin Trust to 0.20% from 0.25% as competition in the marketplace intensified. Nearly a dozen Bitcoin ETFs are vying for investor interest in a crowded market.
The post VanEck Launches NFT and Digital Assets Market SegMint appeared first on Cryptonews.
