Mintable, the next-generation NFT minting platform and marketplace, announced the launch of Mintable Go!, a global fund which aspires to enable novel newcomers to the NFT space to better serve the market for mass adoption. Amid growing interest in the space, Mintable will be looking to provide pre-seed investment in all NFT-related projects.
Mintable’s investment thesis is category agnostic, open to a broad spectrum of projects across decentralised applications, layer-1 and layer-2 solutions, as well as marketplaces. As a testament to its commitment to the NFT ecosystem, Mintable is also willing to invest in potential up-and-coming marketplaces to enable even greater growth and diversified offerings across the industry.
To date, the Mintable Go! Fund has made investments in several companies across the blockchain ecosystem, including open protocol for perpetuals, futures, and NFT derivatives Clear Protocol; play-to-earn NFT game Dark Frontiers; turn-based strategy mobile game Forest Knight; metaverse inventory manager and game launchpad Gamerich; 3D turn-based role-playing game Legend Fantasy War; a Solana native cross platform VR metaverse Solice; and fully-decentralised auction interface Burnt Finance.
Zach Burks, CEO and Founder of Mintable, said: “The NFT space is continuously evolving and the staggering growth we’ve seen in the past year is simply reflective of this fact, pointing to the ability of this new asset class to radically transform our social, financial, and cultural frameworks for the foreseeable future. With Mintable Go!, we hope that we can give back to the industry in a meaningful way, nurturing a new generation of NFT projects that can go on to impact the lives of millions.”
Mintable will be making all of its investments from its balance sheet without the participation of any limited partners (LPs) or the expectation of any corporate partners to be formed. Should projects receive an investment, Mintable will be contributing its collective mentorship, enabling teams to tap into its extensive resource and knowledge of the NFT ecosystem. Projects also have the opportunity to form a strategic partnership with Mintable with the possibility of integrating with its suite of products, enabling teams to gain exposure to the growing Mintable community and to its network of investors.
To successfully receive an investment, projects will need to submit a proposal, outlining their metrics and traction to date, while demonstrating a strong understanding of the market and competitive landscape, as well as describing the challenges to their growth and what the funds will be used for. Upon review, projects will need to secure sufficient votes of support from committee members.
Projects that receive investment under the Mintable NFT Fund will undergo a periodic review where their financial position and performance as well as project contribution of the broader NFT ecosystem will be addressed by the investment committee.
Jiawen Ngeow, Chief Operating Officer of Mintable, concluded: “Accessibility has always been at the heart of what we do here at Mintable and what we’ve seen is that there’s still so much work to be done. With Mintable Go!, my hope is that we can take the NFT ecosystem to the next level, identifying the projects that can continue to build out the much-needed infrastructure and tooling to support the market’s needs as we power its long-term growth. Together, I believe we can make an even better metaverse to call home”.
To submit a proposal to Mintable Go!, visit: https://mintable.app/go-fund
Mintable is a next-generation non-fungible token (NFT) marketplace built on the blockchain. Launched in 2018, Mintable has pushed the NFT industry forward by being the first to design gasless minting, batch minting, and royalties, empowering artists and creators to monetize their work via NFTs. Mintable’s gas-free minting option allows the everyday person to get involved with NFTs without any prior knowledge in coding or upfront cost of minting an asset – a great way for everyone to get into crypto. In 2021, Mintable announced the backing of a list of high-caliber investors including renowned venture capitalist and television personality, Mark Cuban, Sound Ventures, a venture capital firm founded by Ashton Kutcher and Guy Oseary, and TIME Ventures, the investment fund for Marc Benioff. To date, Mintable has sold and auctioned works by Grammy Award-winning artists, 20th-century avant-garde artists, and various high-profile artists and celebrities.
For more information, visit mintable.app