Vaneck’s Innovative SegMint Platform
Launching a new era in the realm of digital assets, investment firm VanEck has unveiled an innovative venture known as SegMint. This groundbreaking non-fungible token (NFT) and digital assets market is the culmination of VanEck’s relentless pursuit of excellence, following the resounding success of its spot Bitcoin exchange-traded fund (ETF) launch in the United States.
The genesis of SegMint lies in VanEck’s thorough digital assets research, paving the way for the development of a cutting-edge platform centered around its revolutionary “Lock and Key Model.”
According to VanEck, SegMint’s technological framework boasts esteemed partners such as Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun, collectively contributing to a seamless user experience.
“The Lock and Key Model addresses this by offering a user-friendly solution that empowers individuals to securely share their assets while retaining control,” said Matt Bartlett, founder of SegMint.
- Streamlining Asset Management: SegMint’s Lock & Key Model facilitates the efficient handling of self-custodied assets, providing a straightforward mechanism for sharing access and ownership.
- Exclusive Platform Access: The new platform will have limited access, generating widespread interest from investors across Europe and Asia.
- Unique User Experience: Participants in SegMint will be bestowed with an exclusive “Adventurer NFT,” complete with a verified profile and conducted Know Your Customer (KYC) procedures.
The Rise in NFT Sales Volume
Recent data shows a notable surge in the non-fungible token (NFT) market, with a 2.35% increase in sales volume amounting to $52,286,636 within a 24-hour period. Noteworthy is the notable shift in dominance, as Bitcoin surpasses Ethereum in NFT sales volume, a realm traditionally dominated by the latter.
Sead Fadilpašić from CryptoNews highlights this evolving landscape, emphasizing Ethereum’s historical supremacy in NFT sales volume. Despite Ethereum’s consistent reign on the charts, Bitcoin has emerged as a formidable contender, reporting a sales volume of $97.8 million compared to Ethereum’s $136.7 million over the past week.
In the wake of these developments, VanEck has reaffirmed its market presence by listing the spot Bitcoin ETF in the U.S., known by the ticker symbol “HODL.” In response to heightened market competition, the investment firm has slashed fees for the VanEck Bitcoin Trust from 0.25% to 0.20%, amid fierce rivalry among nearly a dozen Bitcoin ETF players vying for investor attention.
