- Mint secured a whopping $1.35 million in funding from Optimism.
- The funding will probably be used to “empower builders” and appeal to new customers to Mint.
- L2 token IMX surged 6.35% in 24 hours, whereas OP rose 0.33%.
The Mint blockchain, an Ethereum layer 2 blockchain targeted on the non-fungible token (NFT) trade, has obtained 750,000 shares price $1.35 million from Optimism, one other layer 2 blockchain constructed on high of Ethereum. Introduced a big grant for OP.
In line with a publish on Mint's X (previously Twitter), Optimism made the funding as a part of Cycle 28. Mint is the one superchain to obtain funding on this spherical. Detailed plans outlining the long run work of the blockchain mission will probably be introduced quickly. This funding will assist builders and assist the onboarding of latest customers on Mint.
Mint additionally invited builders to construct on the blockchain and share their concepts by way of the Mint developer discussion board. The OP Grant is meant to encourage developer development and consumer engagement throughout the Mint ecosystem.
It is very important observe that Optimism obtained 53 functions for Cycle 28, with solely eight authorised and two pending approval.
OP and L2 token efficiency
In line with information from CoinMarketCap, the OP token has gained 6.7% prior to now 24 hours and is buying and selling at $1.76 on the time of writing. OP has a market capitalization of $2.21 billion and ranks because the second largest layer 2 cryptocurrency with a buying and selling quantity of $138.85 million. The altcoin has gained 13.14% prior to now 30 days.
In the meantime, Immutable (IMX), the biggest L2 coin by valuation, is buying and selling at $1.66, up 6.35% prior to now 24 hours. The cryptocurrency is up 23.50% prior to now 30 days and 213.45% since October 2023. IMX has a market capitalization of $2.72 billion.
Different notable altcoins within the L2 ecosystem embody Mantle (MNT), which is up 7.38% over the previous week. Arbitrum (ARB) is buying and selling at $0.5639, up 4.51% prior to now 24 hours. And Starknet (STRK) has fallen 81.33% since October 2023.
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