Introducing Segmint NFT Platform Enhancing the Ease and Safety of Sharing Digital Assets
VanEck, a massive asset management company, has unveiled Segmint, a brand new NFT marketplace and digital asset platform, in collaboration with Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun.
Segmint is designed to simplify and secure the sharing of NFTs, cryptocurrencies, and other digital assets, offering users the option to manage their own private keys. Initially focusing on the EU and Asian markets, the new platform implements the “Lock & Key Model” to provide a secure vault for storing digital assets and granting shared access and ownership with specific permissions without compromising security. It also offers a multi-signature wallet solution for added security.
In addition to providing digital asset sharing and storage solutions, VanEck’s new platform also offers token-gated utility and NFT minting, allowing users to create and own their own NFTs. Token gating, a practice that uses crypto tokens as a verification method to control access to specific features, functionalities, or resources, will initially be provided free of charge.
Segmint’s first phase will target cryptocurrency users with an interest in NFTs and a basic understanding of blockchain concepts. Users who complete ID verification will receive a free “Adventurer” NFT to enable them to perform tasks and earn additional perks.
According to VanEck, this model will create use cases for organizations with user communities in need of asset-sharing solutions, such as NFT holders collaborating with creative projects or businesses. The firm believes it will help bridge the gap between digital and real-world assets and unlock fresh use cases like tokenized real estate.
However, according to Segmint’s terms and conditions, US citizens and residents of countries sanctioned by the EU are currently ineligible to participate.
This is not VanEck’s first foray into the NFT space. In 2022, the company partnered with Korean NFT agency NUMOMO to introduce Vaneck Community NFT, an innovative hub for investors to join the Vaneck cryptocurrency community. The firm stated it was the first NFT a global asset manager offered.
CEO Jan van Eck expressed amazement at the NFT phenomenon and predicted that blockchain technology would completely transform Wall Street. However, he noted that the delayed adoption was due to regulatory issues.
VanEck was also one of the first traditional financial institutions to embrace crypto and was among the first funds to file for a spot Bitcoin exchange-traded fund (ETF) in November 2021. Their filing was rejected by the US Securities and Exchange Commission (SEC). However, after regulatory approval, VanEck’s spot Bitcoin fund, HODL, finally launched in January this year, alongside ten other spot Bitcoin ETFs.
To focus more on its spot Bitcoin ETF, VanEck decided to stop trading the VanEck Bitcoin Strategy ETF (XBTF), a Bitcoin futures ETF, on the CBOE stock exchange last month. CBOE delisted XBTF on January 30.
Launched in November 2021 alongside other SEC-approved Bitcoin futures ETFs, XBTF played a role in the surge of the world’s leading cryptocurrency to its all-time high of $69,000. VanEck explained the move as the result of evaluating operating results, liquidity, the amount of assets the fund manages, and investor psychology.
