SegMint: VanEck’s New Platform for NFTs and Digital Assets

VanEck, a global investment manager, has announced the launch of SegMint, a new platform for non-fungible tokens (NFTs) and digital assets. SegMint aims to simplify the process of sharing access and ownership of self-custodied assets using a novel solution called the Lock and Key Model.

What is SegMint?

SegMint is a digital asset management platform and NFT marketplace that leverages the power of blockchain and smart contracts. SegMint allows users to store their digital assets in a secure vault and issue keys to others, granting them shared ownership without compromising security. Users can also create and trade NFTs on SegMint, as well as explore various collections and categories of digital art, gaming, music, and more.

SegMint was born out of VanEck’s digital assets research and the platform built around its Lock and Key Model. SegMint’s technology partners include Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to and Walletchat.fun.

How does the Lock and Key Model work?

The Lock and Key Model is a user-friendly solution that empowers individuals to securely share their assets while retaining control. The idea is to use smart contracts to create locks that can only be opened by specific keys. A user can create a lock for their digital asset and issue keys to others, granting them access and ownership rights. The user can also revoke or modify the keys at any time, as well as transfer or sell the lock itself.

The Lock and Key Model can be used for various purposes, such as:

• Sharing access to a digital wallet or a crypto exchange account
• Creating a joint ownership structure for a digital asset or an NFT
• Enabling a trustless escrow service for a digital asset or an NFT transaction
• Creating a subscription model for a digital service or a content creator
• Creating a loyalty program or a reward system for a digital platform or a community

Why did VanEck launch SegMint?

VanEck is a global leader in the digital assets investment space, with a history of innovation and advocacy. VanEck was the first to launch a gold ETF, a bitcoin ETF, and a community NFT. VanEck believes that NFTs and digital assets represent a new frontier of creativity, expression, and value creation.

“We identified a significant pain point in the digital assets ecosystem—the challenge of sharing access and ownership in a self-custody world,” said Matt Bartlett, founder of SegMint. “The Lock and Key Model addresses this by offering a user-friendly solution that simplifies the process of managing self-custodied assets by introducing a straightforward solution for sharing access and ownership.”

VanEck also sees SegMint as a way to support the growth and development of the NFT and digital assets market, which has seen a surge of interest and activity in recent months. According to data from NonFungible.com, the NFT sales volume was up 2.35% to $52,286,636 in 24 hours on Monday, with Bitcoin surpassing Ethereum in terms of sales volume.

How can users access SegMint?

SegMint is currently in beta and access is limited to select users. Users who are interested in joining SegMint can sign up on the website and complete the verification process. Users who successfully join SegMint will receive an Adventurer NFT, which will grant them access to the platform and its features.

SegMint is initially targeting crypto-native users who are familiar with the use of blockchains, but plans to expand its user base and reach in the future. SegMint expects most interest for the platform to come from Europe and Asia, as access will be limited to some countries due to regulatory and legal restrictions.