BlockMint Announces Creation of NFT Digital Art Portfolio and Upcoming Release of Minter Browser with New NFT Feature
- NFT art portfolio provides investors with exposure to new emerging crypto asset class.
- Updated browser will allow users to exchange their earned cryptocurrency for ownership in NFTs.
- Company explores new NFT related products, creating pure NFT exposure for shareholders.
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2021) - BlockMint Technologies Inc. (TSXV: BKMT) ("BlockMint" or the "Company") (www.blockmint.ai) is pleased to announce that it will soon release an upgraded version of its distributed crypto-miner browser "Minter", the current version of which is available to download at getminter.com. The upgraded version of the browser will incorporate a new feature which allows users to exchange their earned cryptocurrency for fractional ownership of a non-fungible token (NFT) digital image. In support of this new Minter feature, BlockMint will create and/or purchase a portfolio of NFT digital images to offer investors exposure to the dynamic and developing NFT market.
BlockMint's CEO, Nelson Ijih commented: "We designed Minter with the underlying philosophy that everyone should be able to participate in the crypto-economy. This new NFT feature will allow users to also participate in the exploding demand for NFT digital images and art. Users will be able to choose to either reduce their carbon footprint or participate in the rapidly emerging market for NFT images."
A non-fungible token (NFT) is a unit of data on a blockchain where each NFT can represent a unique digital item and thus they are not interchangeable. NFTs can represent digital files such as art, audio, video, and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Demand and interest in NFTs has exploded in recent months.
Once released, the upgraded Minter browser will allow users to use their spare computing power to mine cryptocurrencies to earn either: (i) carbon credits to help offset their carbon footprint; or (ii) fractional interest in an NFT image. The browser has a user-friendly, built-in dashboard where a user can control the amount (if any) of computing power on his/her computer that will be used for mining to earn carbon credits and/or fractional NFT images. Users bear all mining costs associated with the computing power on their device (electricity costs of operating the user's device) but will benefit by receiving carbon credits or fractional ownership of NFT images earned based upon the amount of cryptocurrencies mined with their device. BlockMint will earn a margin on the purchase of the carbon credits or fractional NFT images.
The Minter browser will also continue to provide a virtual private network (VPN) and ad-blocker. Minter is committed to making it easy to browse safely and in total anonymity.
This new version of Minter with the feature to earn fractional ownership of a NFT image is expected to be available for download in late April 2021 for use on desktops and laptops with a Windows operating system. Support for additional operating systems (MacOS, Linux) will be added later this year.
BlockMint is also evaluating additional NFT product offerings to give shareholders direct exposure to the rapidly expanding market for NFT digital images, art, music and videos. In addition, the Company continues to evaluate the possible acquisition of hardware to mine cryptocurrency in-house and augment the cryptocurrency earned via its distributed Minter software app.
About BlockMint Technologies Inc.
BlockMint, through its wholly owned subsidiary, Blockmint (USA) Technologies Inc., develops distributed systems and networks that enable a more decentralized deployment of blockchain based applications such as cryptocurrency mining.
On behalf of
BLOCKMINT TECHNOLOGIES INC.
Nelson Ijih, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business strategy and objectives of BlockMint, new features of its Minter browser and expected timing on the releases of updates to its Minter browser. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. There is further no assurance that the Company will be successful in developing, commercializing or profitably operating its new business in the manner described. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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