VanEck Launches SegMint, an NFT Marketplace with a "Lock & Key" Sharing Model
Latest News News

VanEck Launches SegMint, an NFT Marketplace with a “Lock & Key” Sharing Model

Global investment manager VanEck has entered the NFT space with the launch of SegMint, a new marketplace and digital assets platform. 

Partnering with several other companies, VanEck aims to improve accessibility and security in the digital asset space through SegMint’s innovative “Lock & Key Model.”

This model addresses the challenge of sharing access and ownership of digital assets in a self-custody environment. 

SegMint functions like a secure vault where users can store their digital assets and issue “keys” to others, granting them shared access and ownership without compromising security.

VanEck highlights several key features offered by SegMint, including a custom multi-signature wallet solution, NFT minting capabilities, and token-gated utility features, initially offered for free. 

See Also: Ripple and Axelar Partner to Boost Real-World Asset Tokenization on XRP Ledger

SegMint initially targets crypto-native users familiar with blockchain concepts and interested in NFTs. 

Early adopters who complete the verification process will receive a complimentary “Adventurer NFT” that allows participation in exclusive “quests” and grants additional benefits.

However, access to the platform is currently restricted and unavailable to residents or citizens of the United States. VanEck anticipates interest from users in Europe and Asia.

Looking ahead, VanEck plans to expand SegMint’s services beyond NFTs. 

The platform aims to allow users to fractionalize ownership of tokens backed by real-world assets, such as real estate, luxury goods like Rolex watches, and fine wine. 

Nevertheless, VanEck emphasizes that they will only allow the fractionalization of real-world assets through approved providers.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.