The asset titan VanEck has taken a leap forward with the introduction of Segmint. As a fresh NFT marketplace and digital asset venue, Segmint emerges in collaboration with Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun. Segmint's mission is to streamline and secure the sharing of NFTs, cryptocurrencies, and other digital valuables, allowing users to manage their private keys independently.
Targeting initially European and Asian territories, VanEck's novel platform aims for a strong start.
Incorporating the 'Lock & Key Model,' the platform ensures users can securely store digital assets in a vault while sharing controlled access and ownership privileges without compromising security, complemented by a multi-signature wallet solution for added protection.
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Matt Bartlett, the visionary behind SegMint, shed light on the significance of the Lock & Key Model.
“We pinpointed a crucial hurdle in the realm of digital assets — the intricacy of shared access and ownership within a self-managed custody. By embracing the Lock & Key Model, we present a straightforward yet robust solution for users to share assets while maintaining secure control.”
Alongside asset sharing and storage, VanEck’s platform offers token-gated utilities and NFT minting to enable users in creating and owning unique NFTs.
Token gating is an emerging trend utilizing crypto tokens for verification, managing access to specialized features and resources. Initially, these offerings remain free.
The initial phase of SegMint caters to cryptocurrency enthusiasts with an inclination towards NFTs, who possess a foundational knowledge of blockchain. Early registrants completing ID verification receive an 'Adventurer' NFT, unlocking tasks and rewards.
VanEck envisions this model offering tangible solutions for groups wanting asset-sharing capabilities, like NFT holders who collaborate on creative endeavors. This initiative aspires to harmonize digital with physical assets, opening pathways to use cases like tokenized real estate.
Focusing initially on Europe and Asia, Segmint’s stipulations currently exclude participation from US citizens and residents of EU-sanctioned nations.
Segmint is not a newcomer to NFTs but a fresh perspective from VanEck, which previously teamed up with Korean NFT agency NUMOMO to launch the Vaneck Community NFT, a pioneering investor hub.
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Jan van Eck, VanEck’s CEO, marveled at the NFT surge and envisioned blockchain's potential to revolutionize Wall Street, citing regulatory hurdles as a delay in full adoption.
VanEck, a trailblazer among traditional finance entities venturing into crypto, also led with a Bitcoin ETF filing, though turned down by the US SEC in its initial attempt.
Following regulatory approval, VanEck's spot Bitcoin ETF, HODL, joined the market early this year, alongside a suite of Bitcoin ETFs.
To focus on its spot Bitcoin ETF, VanEck recently ceased the VanEck Bitcoin Strategy ETF (XBTF) on the CBOE, discontinued as of January 30.
Rolled out with other SEC-sanctioned Bitcoin futures ETFs in late 2021, XBTF contributed to Bitcoin reaching its historic peak. VanEck justified its decision based on examining operations, liquidity, asset management, and investor sentiments.
Raised in Ann Arbor, Michigan, Nicholas Say has journeyed extensively, residing long-term in Uruguay, and now calls the Far East home, with his writings prominently visible online, emphasizing real-world tech development.
