VanEck Launches Self-Custodial Service and SegMint NFT Marketplace

8 months ago 45
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According to VanEck, early adopters of SegMint who complete the ID verification process will receive a complimentary “Adventurer NFT”, enabling them to engage in quests and earn additional benefits.

VanEck, a global investment manager with a rich history dating back to 1955, has set a new milestone in the crypto space with the launch of SegMint, an innovative Non-Fungible Token (NFT) marketplace and digital assets platform.

In collaboration with industry leaders such as Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun, VanEck aims to simplify self-custodial crypto sharing, bridging accessibility and security gaps within the space.

Key Features of VanEck SegMint

SegMint offers a range of features including a custom multi-sig wallet solution, NFT minting capabilities, and token-gated utility, initially provided for free. Leveraging Delegate’s previous success in delegating rights for NFTs and other tokens, SegMint’s focus primarily targets crypto-native users familiar with blockchain concepts.

The platform, born out of VanEck’s extensive digital assets research effort, introduces the “Lock & Key Model” to simplify self-custodial sharing of digital assets. This model functions as a secure vault, enabling users to issue keys to others for shared access and ownership without compromising security.

Matt Bartlett, the founder of SegMint, highlighted the platform’s relevance in addressing a crucial pain point in the digital assets ecosystem. He emphasized that the Lock & Key Model offers a user-friendly solution that will empower individuals to securely share their assets while retaining control.

SegMint’s partnership with Delegate, one of VanEck’s technology partners, underscores its commitment to innovation and security. Delegate’s technology, which facilitates the delegation of certain rights for NFTs and other tokens to other wallets, significantly reduces the risk of theft. This collaboration strengthens SegMint’s position as a trusted platform for digital asset sharing.

According to VanEck, early adopters of SegMint who complete the ID verification process will receive a complimentary “Adventurer NFT”, enabling them to engage in quests and earn additional benefits.

Expanding Use Cases of SegMint

VanEck envisions broader applications beyond individual users, foreseeing use cases for organizations with communities needing asset-sharing solutions. These applications include NFT holders collaborating on creative projects or businesses sharing digital resources, bridging the gap between digital and real-world assets.

However, access to SegMint is not universal, with restrictions for residents or citizens of the United States, as outlined in the platform’s terms and conditions. Bartlett anticipates substantial interest from Europe and Asia.

Meanwhile, VanEck was among the pioneers to file an application for a spot Bitcoin ETF in the U.S., with its HODL product joining nine other related funds that were approved on Jan. 11. The firm recorded over $300 million worth of trading volume on a single day, indicating a substantial increase compared to previous trading volumes.

This achievement follows ongoing fee wars among ETF issuers, driving increased activity and expanding investor participation in digital asset markets. With its innovative approach and strategic collaborations, VanEck continues to demonstrate its commitment to driving innovation and accessibility in the financial markets.

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