Mintify Launches Blast Keys to Unlock XP Rewards With NFT Orderbook

Blast season is well underway — and the NFT ecosystem on the popular Layer-2 chain is quickly gaining steam.

Multichain trading platform Mintify has quickly become an important part of the chain’s extended infrastructure with more than 23,000 users on its NFT Orderbook, which is poised to deliver enhanced functionality and features in a series of announcements.

Mintify announced yesterday (March 7) that users can now earn XP points for trading and minting on its NFT Orderbook. Initial collections with XP support include Blastopians, Blast Sniperz, Blast Penguins, and Mintify Blast Keys. The Blast Key mint will take place today (March 8), kicking off at 2 pm EST.

Learn more about the upcoming mint and the Mintify platform’s new features below.

Blast Key Mint

Central to Mintify’s announcement are the Blast Keys, set to mint today, which offer holders passive XP gains daily and allow for XP accumulation with each additional key held. This feature introduces a gamified layer to digital asset management, encouraging both acquisition and active participation within the Mintify ecosystem.

AL Phase (Allowlist Phase): Scheduled from 2 to 3 PM EST, this phase allows participants to mint Blast Keys at a price of 0.0269 ETH each on the Blast platform. There is a limit of 1 Key per order and a maximum of 2 Keys per wallet.

Public Phase: Following the AL Phase, from 3 to 4 PM EST, the minting will be open to the general public. During this time, the price for each Blast Key will be 0.03 ETH on Blast, with a limit of 3 Keys per order and up to 6 Keys per wallet.

Holders of Blast Keys will have the ability to immediately start trading Earn+ Blast collections and will be able to accumulate experience points (XP) at the maximum rate possible. This offers an advantage in engaging with Mintify’s ecosystem, potentially unlocking a wide range of benefits.

XP Rewards

Mintify also detailed structured incentive for activities that align with market health. For example, bids and listings that are closer to the market’s floor price are set to earn more XP, promoting fair market value trades. Moreover, Mintify ensures that both parties in a transaction are rewarded, with XP gains applying to both sides of the trade within its marketplace.

The platform distinguishes between “Instant XP” and “Over Time XP,” catering to different user interactions. Instant XP can be earned through direct buys or accepting offers on any Earn+ collection within the marketplace. Conversely, Over Time XP is accrued through the bidding and listing of any Earn+ collection, with immediate rewards as orders are filled, fostering an environment of continuous engagement.

As for utilizing XP, Mintify is introducing several different mechanics. Users will soon be able to exchange their Season XP for LootBoxes, adding an element of surprise and value to the user experience. Additionally, XP can be traded via the metadata stored in users’ Blast Keys, further integrating XP into the platform’s digital asset ecosystem. Eligibility for rewards in $MINTIFY is also tied to the XP system, tying the platform’s forthcoming token more closely to user activity and engagement.

NFT Orderbook

Mintify has given its NFT Orderbook a full overhaul, introducing customizable layouts that allow users to tailor their trading dashboard to their preferences. This feature enables traders to select from pre-set layouts or create their own, adjusting module size, and adding or removing components as needed. The goal is to streamline the trading process by reducing the need for multiple browser tabs and allowing for a more efficient organization of information on the screen.

The platform now also offers modular analytics, a tool designed to provide more detailed analysis of NFT collections. Users can examine collections based on specific KPIs, access historical data on and off-chain, and analyze metrics such as momentum, individual holders, and sales. This feature aims to give traders a deeper understanding of market trends and the performance of specific NFTs.

Additionally, Mintify users can now access listings from all marketplaces that support Blast NFTs, facilitating broader trading opportunities.

Launched in January 2022, Mintify released its marketplace platform and announced its $1.6 million pre-seed round later that year.

Learn more about the Mintify Blast Key mint here.

Editor’s note: This article was written by a nft now staff member in collaboration with GPT-4.

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