- BlockMint has announced that it will participate in the NFT auction that Sotheby’s is hosting this week in collaboration with digital creator Pak
- The company has plans to upgrade its crypto-miner browser “Minter” and will integrate the NFTs acquired in the auction into the upgrade
- BlockMint develops distributed systems and networks that enable a more decentralized deployment of blockchain-based applications
- BlockMint Technologies (BKMT) is down 1.69 per cent and trading at $0.29 per share
BlockMint has announced that it will participate in the NFT auction that Sotheby’s is hosting this week in collaboration with digital creator Pak.
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.
The core component of ‘The Fungible’ collection by Pak is the Open Editions which will enable collectors to purchase as many fungible cubes as they wish during the sale period for a fixed price.
BlockMint CEO Nelson Ijih commented,
“We are excited to have BlockMint participate in its first NFT auction this week at Sotheby’s, one of the top auction houses in the world. BlockMint aims to build a NFT portfolio to support the new feature of our Minter browser, which will allow users to choose to either reduce their carbon footprint or participate in the rapidly emerging market for NFTs.”
BlockMint has plans to upgrade its crypto-miner browser “Minter” and will integrate the NFTs acquired in the auction into the upgrade.
The upgraded browser will allow users to exchange cryptocurrency for a fractional ownership in an NFT from BlockMint’s portfolio.
BlockMint aims to acquire NFTs from multiple genres to create a diverse portfolio of NFTs.
The updated version of Minter is expected to be available for download in May 2021 for use on desktops and laptops with a Windows operating system.
BlockMint Technologies develops distributed systems and networks that enable a more decentralized deployment of blockchain-based applications such as cryptocurrency mining.
BlockMint Technologies (BKMT) is down 1.69 per cent and trading at $0.29 per share as of 1:20 pm ET.
