“Rolex and Wine Take on the Blockchain: VanEck Launches NFT Platform ‘SegMint’ Targeting Fractional Ownership of NFTs”
Investment management giant VanEck recently launched the NFT marketplace and digital asset management platform “SegMint”, which features NFT custody and ownership division, customizable multi-signature wallets, NFT minting, and built-in game reward mechanisms.
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VanEck launches NFT platform “SegMint”
What are the features of SegMint?
Lock & Key Model
Multi-signature wallets
Earn XP for rewards
Not available in some regions
First targeting luxury items on the blockchain
As a long-standing global asset management company, VanEck has recently ventured into the field of digital asset trading and custody, including NFTs, by partnering with Nueva, Delegate, MINTangible, Portals, and Walletchat to launch “SegMint”.
Previously, VanEck, as one of the earliest companies to apply for a Bitcoin ETF in the United States, was approved last month under the code name “HODL” and launched along with 9 other Bitcoin spot ETFs.
SegMint’s head, Matt Bartlett, revealed that SegMint, as an NFT marketplace and management platform, aims to enhance usability and security in the digital asset field through various features and product highlights:
“We identified an important pain point in the digital asset ecosystem, which is the difficulty of sharing access and ownership in self-custody. SegMint, on one hand, securely shares the owner’s assets while preserving their control.”
Firstly, SegMint employs the innovative “Lock & Key Model”, where users can securely store digital assets in a vault and issue keys for trading on SegMint, greatly simplifying self-custody and sharing of digital assets.
In this model, the lock represents the vault, where digital assets are securely stored through smart contracts, and the key serves as proof of ownership of the asset. It can be shared with others for access and ownership and can also be used to receive rewards.
According to the platform, holding certain NFTs’ keys will enable participation in communities, obtain partial rights granted by project parties, and receive potential airdrop rewards from the platform or project parties.
Moreover, SegMint also provides multi-signature wallet service called “Safe Wallets” as a comprehensive solution for protecting digital assets such as cryptocurrencies and NFTs.
Users can import existing wallets or create wallets through the platform and set the minimum number of signers required to complete transactions, reducing the risk of wallet loss or theft.
Additionally, SegMint offers NFT minting services. It is worth mentioning that SegMint has a built-in game mechanism called “The Adventurer’s Outpost”. Users can earn in-game points, called “XP”, by trading keys, daily check-ins, completing missions, or leveling up their characters.
Reportedly, XP can be used to exchange for on-chain or off-chain rewards such as game equipment and items, and all the aforementioned content can continue to be traded on the market.
Currently, those who register and complete identity verification in the near future will receive a free SegMint Adventurer NFT and undisclosed additional benefits.
However, SegMint is not available in all countries. The platform’s terms state that users residing in or holding citizenship of certain jurisdictions, including the United States, will not be able to use the platform’s services.
Regarding this, Bartlett also stated, “We believe Europe and Asia will be more interested (in accessing this product).”
Bartlett mentioned in the report that SegMint will initially focus on helping holders of blue-chip PFP NFTs such as BAYC or Pudgy Penguins divide the ownership of their digital assets.
Furthermore, Bartlett expects to open support for tokenizing ownership of real-world assets (RWA) by the end of March, initially focusing on luxury items such as Rolex watches and wine, with plans to expand to other products in the future.
Given the regulatory challenges, the division of ownership of real estate tokenized assets may take some time to enter the market, which will be a challenging task.
BAYC NFT Pudgy Penguins RWA SegMint VanEck multi-signature wallets
