# MINTWAY Portal White paper ver 1.0 ## **What is MINTWAY Portal?** It is the world's first NFT portal site that connects/provides information and services of various NFT-related business Dapps with the global NFT market. In the MINTWAY portal, there is MINTWAY Market, a new concept market service where you can trade NFT by dividing the ownership of NFTs beyond the concept of simply buying and selling NFTs, and using NFT licenses to get profits. And by providing the MINTWAY Dapp Platform, which collects and services numerous Dapps related to NFT business such as NFT ticket Dapp that provides online concerts, movies, performances, exhibitions, etc., Travel 360o Dapp that allows you to view the relevant information of the travel area as it is, and Metaverse Luxury Dapp that purchases virtual luxury goods and applies them to avatars and shares them on social media, it provides new services that have not been seen before, such as allowing numerous users who produce NFTs to earn more diverse profits. # Ⅰ. Abstract The cryptocurrency ecosystem started on May 22, 2010 when programmer Laszlo Hanyets living in Jacksonville, Florida, USA, paid 10,000 BTC for two pizzas ($41 at the time). And now 11 years have passed, it has turned into a huge market worth more than $2 trillion, and the underlying blockchain technology is constantly developing while trying to graft it into various businesses around the world. From the simple payment ledger function to the establishment of various decentralized business solutions by smart contracts, and interlocking transactions between heterogeneous blockchains, it has been mainly used for functions that guarantee transactions between individuals(albeit with high volatility) and transfer values. However, from the end of 2017, attempts have been made to utilize blockchain technology as a means of proving ownership of a specific asset with value rather than a means of payment for asset transaction, and in 2021, it is causing an NFT boom around the world. NFT is an abbreviation of Non-Fungible Token, meaning only one token that represents ownership of digital assets. Because of the uniqueness of only one, it is in the spotlight as a means to represent ownership of a digital asset that has value and to trade it. \ If we look at the NFTs traded in the NFT markets that are popping up all over the place now, most of them are minting works of art, game items, videos, etc., but are limited to indicating ownership of each content. MINTWAY Project goes beyond the limitations of the NFT ecosystem where only simple sales and purchases exist, limited to each blockchain mainnet as it is now, and wants not only to mint NFT with various types of content, but also to mint NFTs with patents and trademarks and to devide them in multiple so that we build a multi-fractionalized NFT trading platform that users can own and earn a profits. A technology that allows decentralized owners to automatically monetize the license fee will be applied to this, and an ecosystem will be built in which NFTs can be leased and monetized rather than simply owned. Meanwhile, since each country has different systems and laws for cryptocurrency and cryptocurrency-related service platforms, MINTWAY portal services are provided only in countries that do not require a license or have acquired a license. Therefore, residents of countries that require a license, such as Singapore, but where MINTIVRSE PTE.LTD. has not obtained a license, are blocked in the KYC process when signing up for membership and cannot use this service, Cryptocurrencies used in the MINTWAY Project cannot be traded by citizens of countries where the transaction is legally restricted. # Ⅱ. Business Background # 1. Rapid growth of the global NFT market ![Figure 1. Record USD volume for NFT sales Source : NonFungible.com / The 2021. Q3 NFT report (Modify Image; VSTRO) ](/files/kjaKKkuSFMHrGHPU8FtM) According to 『The 2021. Q3 NFT report』 announced by NonFungible.com, the transaction amount of NFT grew by 26,719% over one year from $0.22 billion in the third quarter of 2020 to $5.9 billion in the third quarter of 2021. During this period, the activity of NFT wallets increased by 540%, buyers by 1,240%, and sellers by 1,277%, and it is expanding beyond simple works of art and sports cards to various worldviews such as metaverses and games and trading numerous items. NFT proves the ownership of one and only creation in the world, and in terms of being able to mass-produce ownership of the same digital product with the development of technology, the utility of NFT will increase infinitely in the future, and considering that the market is now in the initial stage of formation, it can be predicted that the size of the NFT market will become even larger in the future. ![Figure 2. NFT Secondary market rate (Sales volume) Source : NonFungible.com / The 2021. Q3 NFT report (Modify Image; VSTRO) ](/files/bGF2yvFuUF6UvyFnqxgs) NFT's business model is in its infancy where selling proof of ownership of artworks and simple game items. However, as the interest of NFTs is rapidly increasing, resale and repurchase are increasing very much according to the investment perspective to increase the value of asset, and the increase of utilization in metaverse and games. In addition to general individual creators who produce NFTs, various NFT business projects such as Metaverse such as CryptoPunks, Meebits, and SuperRare, collection, sports, art, and games are emerging, leading the market. Even now, NFT business projects are continuously being created around the world. Based on these numerous business projects, the business model also goes beyond the concept of simple sales and various models have been proposed to increase the value of NFT, such as a fee policy that pays a certain amount to the creator during resale, and the connection between the NFT worldview and DeFi. Through this, creators and companies produce various NFT assets, divide categories, and build a professional market, and competition is becoming increasingly fierce. # 2. NFT Market Leader, OpenSea ![Figure 3. NFT sales on OpenSea near $150m in June Source: 1. opensea.io, cryptoart.io, Dune Analytics 2\. https://www.reuters.com/technology/nft-sales-volume-surges-25-bln-2021-first-half-2021-07-05](/files/HLkqLfgyVCpiBigOsFDZ) As the number of users increased due to the explosive popularity of NFT in early 2021, and NFT transactions became active, the sales of OpenSea, a major NFT marketplace, showed a sharp increase and reached the highest monthly sales volume of $150 million in June, and is riding a rapid increase compared to the previous year. According to DappRadar data, OpenSea currently leads the NFT sector in volume, representing 150 times than the volume of its current competitor Rarible. Under this circumstance, OpenSea attracted VC investment for corporate growth. As a result, they said that Series A of $23 million was completed in March 2021, followed by $100 million in Series B led by Andreessen Horowitz about 4 months later with an valuation of $1.5 billion have raised additional funds. The fact that the NFT market was evaluated at a corporate value of $1.5 billion in the stage where it was just starting and established means that the future value of the market and company has been confirmed by VC investors and through this, OpenSea can be seen as having laid the foundation for solidifying the No.1 position in the industry while making more aggressive corporate investments. However, the business structure of the market is a simple structure such as sales and auctions, and in terms of technology, it is no different from the general NFT market and it is problem that the competitiveness of the company is not great, except for the fact that there are many users due to the limitations of the Ethereum blockchain, such as paying expensive fees. # 3. Problems in the NFT market ![Figure 4. The problems in the NFT Market](/files/QsDmBUw7htKhKhwTVpKF) # A. Problems of NFT Market The essential problem of the NFT market is that it can be created only in the blockchain network supported by the market and that it is impossible to move between blockchain networks. For example, if an NFT is made with ERC-721, it can only be traded in the Ethereum-based market and cannot be traded in other blockchain network-based markets. This is because NFTs made with other block chains cannot be implemented in their own market because of different block chain technologies. Of course, it is possible to convert the value of NFTs and sell them by linking them with an API through a contract between blockchain networks, but essential movement is impossible. For this reason, in order to search for or find NFTs, it is necessary to check all NFT markets. The NFT you create is registered in the market wallet, not your wallet, and you must pay a fee when moving it to your own wallet or the same blockchain network. In addition, the market business model consists only of simple sales, auctions, and purchases, so there is no case where users can earn profits by using their own digital assets, and it has only a structure in which users can earn profits only by selling. When looking at these contents, since all NFT markets are centered on each blockchain network, there is a problem that NFTs created in each market must be viewed and traded only in that market. In other words, the buyer has to take a cumbersome and inefficient action to visit all the NFT markets to purchase the NFT they want to purchase. Compared to general shopping malls and open markets, which show and sell numerous products, the current NFT markets have too many inconveniences in terms of services for customer convenience. # B. ITEM Type NFT is not a finished market, but a starting stage. The structure of the business model is very simple, and the focus is on a distributed ledger that proves ownership of digital assets rather than special technologies, and thus images that can be easily implemented digitally is occupies most of item. Currently, through NFT, various business projects such as collectible games, sports stars' cards, and images that give artistic value have been created and sold at high prices, but so far the focus is on works and game items rather than digital assets. Therefore, the current NFT business model does not deviate significantly from the transaction concept using images such as games, collections, sports, metaverse, and art, 3D models, and videos, and does not present the value of actual digital assets and it hasn't presented a completely different new type of item yet. # C. Technology and Ownership The current NFT technology is to upload one's own work (images, etc.) to the server, then minting it to produce NFT, record the link value and proof of ownership in the metadata in the token, and prevent tampering and prove ownership through the distributed ledger of the blockchain network. However, in the NFT market, even simple technologies such as watermark and download prevention are not applied to protect works, and users who have purchased NFT can't know the ID and PW information that can be downloaded and deleted by the original creator on the cloud server. In the end, there is only a distributed ledger that only the ownership has been transferred to the buyer, and the actual operation and management of the work can be done only by the original creator. For this reason, in order to implement a true NFT, the distributed ledger that records the original work and proof of ownership in the NFT must be recorded in the metadata together. However, if the original is large, it is difficult to store the original and the ownership record together because it is difficult for all nodes participating in the network for the current internet speed and decentralization of the blockchain. In addition, as each country has different laws such as patents and licenses for proof of ownership made by NFT, the possibility of legal disputes is very high. # D. Limitations on the revenue side Currently, various NFT business projects are in progress. \ Analyzing the NonFungible.com site, one CryptoPunks image was sold for about $390,000, and as of July 20, 2021, the 7-day transaction amount of the top 10 projects alone was about $35 million, and the total accumulated transaction amount was about $1 billion or more. ![Figure 5. Analysis of NFT Top 10 Project Sales Source: https://nonfungible.com/market/history / Numerical analysis as of July 20, 2021 (Modify Image; VSTRO)](/files/YA4R6byMvsmQtg76Zvhw) If the content of the project is excellent, it can be developed according to the business direction of the NFT by being activated through the participation of various users, but Most NFTs have a very low value because they are simply sold and bought with simple images. The value standard of NFT is ultimately decided by the person who buys it, and the reality is that if a creator thinks highly of the value of the NFT he made, he has no choice but to keep it rather than sell it. In addition, due to the nature of NFTs, since one NFT is owned by one person, there is only one person who uses it. This would be suitable for works of art or game items, but if a famous singer sells his song as NFT, it is very difficult to see whether the song will be sold even though it is known that only the NFT owner can hear it. Because singers want their songs to be heard by pens and by many, not owned by one person. However, if you make and sell tens of thousands of identical NFTs, it would be much more convenient to sell regular albums. The business model structure of the NFT market has limitations in that even for digital assets, only the sale of ownership is possible and the sale of usage rights is impossible. Eventually, there will come a time when these problems will have to be addressed.. # 4. Use and revenue of NFT content ![Figure 6. Problems in using NFT assets](/files/lN6bjXjcF7x6OTQ4Vg9Z) The NFT market is still in its infancy, and most of it consists of items using simple images, but new contents will appear in large numbers through various businesses. However, NFT only proves ownership, and cannot divide and sell ownership like general tangible assets and intangible assets, and there is no system for license sale, rental, use, and profit. In other words, no matter how many different NFTs are created, unless the problem of ownership division or license is resolved, only proof of ownership is possible, but the creation and distribution of profits is not easy. For example, within the category of Sound, there are numerous sounds, such as songs that can be heard by many people, BGM used as background music for videos and Effect Sound using various sounds, but if they are NFTized, only one person can use them. Then, there will be no one who wants to make creations such as sound, video, image, document, etc. in fields that many users can use with NFT, and the NFT market will still not be able to deviate from existing contents such as collections, works of art, and game items. If, in addition to simply holding or selling, an environment is created where general users can use NFTs at a much lower cost than the purchase price rather than purchasing NFTs, in which the value can be confirmed. From the creator's point of view, they will be able to earn profits from the license without having to sell the ownership or copyright. In addition, if the record of how many users have been used is shown to general users, it will be possible to easily determine the value of NFT license revenue and also the value of ownership. In addition, if it is an NFT that can obtain a profit value, many users will want to purchase the NFT and get profit from use, and from the creator's point of view, a new market that divides the ownership of the NFT and sells a certain share so that the creator can receive a share of the profit from the use Rescue is also possible. In order to keep such licenses stable, it is necessary to link the laws related to copyright registration in each country and the relevant organizations that operate them, but for most personal creations, you can manage the ownership and use rights and earn profits through a contract with a general company or trust company without registering for copyright. The NFT market can be further developed differently from now by just adding a license right away from the simple sales method of the existing NFT market, and through this, a more diverse NFT market ecosystem will be activated. # Ⅲ. MINTWAY PROJECT In order to solve these problems and present a new paradigm to the NFT ecosystem, we would like to present a new concept outside the existing structure. ![Figure 7. Paradigm innovation of NFT ecosystem](/files/ijcWZymo8d08t3oZ1RyU) If the existing NFT was only able to prove ownership, now it is possible to split the ownership of the NFT and sell it as a license at a low price, creating a market where anyone who owns NFT can use and make a profit, and this will mark a landmark turning point in the NFT ecosystem and business model. ![Figure 8. New concept market and Utilization of NFT and Distribution of profit through trust companies](/files/JpRKMxtdfuAK2D6sH9wQ) For this, a trust company that will store, manage, and operate users' original NFTs and perform revenue distribution is essential and a wallet that can move NFTs in various blockchain networks and can easily be managed by individuals and check profits should be supported. “The only market to fractionalize ownership and sell licenses” “The only system that manages NFTs through trusts” “The only platform where you can use/profit all NFTs” “The only wallet that can use any blockchain network that creates NFTs” Through these new concepts and systems, we intend to pioneer a new market that does not compete with the existing market. ![Figure 9. MINTWAY PROJECT](/files/gEDttYu4VHDQSzcyyscv) Therefore we First, by creating an NFT portal site that collects NFT markets and various NFT business projects in one place regardless of country, language, or blockchain network (mainnet), Second, even in different blockchain networks, we develop a new system and wallet that manages them in an integrated way so that mutually organic transactions are possible, Third, through the development of an NFT license market where you can earn profits from usage rights by utilizing all NFT licenses beyond simple transactions on the ownership of NFTs, Fourth, by dividing the NFT into multiple divisions, it is possible to trade the ownership interest in the right of use income, Fifth, by linking various Dapps within the NFT portal to allow creators to own, use, and profit from NFTs, we want to break free from the limitations of the existing NFT business model and open up a new NFT market. #### “We call this project the MINTWAY Project.” \ To this end, we will proceed with the project with the goal of developing a global NFT portal site that connects numerous NFT markets, developing an NFT market that can own, use, and profit from NFTs, and establishing a trust company that can manage, operate, and distribute NFTs in the NFT market, establishing a cryptocurrency foundation that can trade all these profits, developing a platform where various Dapps can gather to utilize these services, and developing Dapps that are directly operated. ![Figure 10. NEW CONCEPT MARKET](/files/7Dsxm4OZYLoxj0IkxZJL) Accordingly, we will provide a completely new and special service in the global NFT market by proposing a model of a basic concept that anyone can create, divide, and use to generate revenue, and commercialize it. # Ⅳ. Project Development # 1. MINTWAY NFT Portal ![Figure 11. MINTWAY NFT Portal](/files/JtItUxcxLUjj4pKwevoY) The NFT portal we are going to make is like YAHOO, where users can see NFT-related information, news, NFT market, NFT products, etc. at a glance, and provide a variety of information to NFT users so that they can search and find related information. By developing a wallet that can manage blockchain networks as one, users can create NFTs in the blockchain network they want. In particular, the NFT market links the other NFT markets and serves as an information providing market that moves directly to the linked market when a user selects a market or NFT, and as a MINTWAY market where multiple ownership and licenses are traded and use. In addition, MINTWAY, which collects global Dapp platforms and allows users to use them, will be produced for each platform such as ticket (concert, movie, exhibition), social media (personal broadcast, sound source, video), travel (Travel 360o, travel information), webtoon, games, media works, etc. so that numerous Dapps can be connected. Through this, it is provided in the form of an open market such as a space where businesses using Dapps related to NFT can be gathered in one place to compete and market with each other. Based on such a platform, we plan to build a new system that can sell NFT ownership + use NFT licenses to serve a new market where numerous users can use their NFTs without having to sell them to other users to generate profits. The structure of the MINTWAY portal consists of four companies organically connected, providing information on global companies operating NFT markets and Dapp businesses, and serving users' NFT contents. A trust is a company that preserves, manages, operates, and settles existing NFTs when they are sold as multi-fractionalization or licenses in the MINTWAY market, and is a company that operates and preserves the actual value of NFTs. A third-party independent custody company or professional trust management company that has no equity relationship with the foundation will take over by contract. Foundation develops a wallet that can integrate all blockchain networks related to cryptocurrencies and NFTs that can be traded in the MINTWAY market, numerous global Dapp businesses linked thereto, Dapp businesses directly operated, and communities operated within the MINTWAY portal. Direct Business develops a separate Dapp to develop a business directly operated within the MINTWAY portal and operates the media, metaverse, and membership that are essential services in the MINTWAY portal and researches and develops NFT-related businesses in the future so that plan to serve a wider variety of businesses. In addition, we will connect any market for free through a contract with the global NFT market and view it on the MINTWAY portal, and when a user clicks on the relevant NFT market or clicks on the NFT work, they will be able to connect to the site and view direct information at any time. This is to be faithful to the basic concept of the portal, and even the MINTWAY market that we produce ourselves will show the same as other NFT markets. However, the MINTWAY market, which provides multiple division of ownership and license, is provided as a separate market because there is no service currently available. In particular, the MINTWAY portal boldly breaks away from the structure in which the NFT market is minted with only one blockchain network and moves only on that network or sells only in that market. By supporting minting in all blockchain networks, you can sell them regardless of blockchain networks such as Ethereum, Symbol, Ripple, etc., and create a wallet that integrates all blockchain networks to sell within the MINTWAY porta. In addition, many companies doing Dapp business register their content suitable for the corresponding category on the platform, so that users using the MINTWAY portal can easily see and enjoy it, and create a membership service that can use it so that more users can use it and increase profits and will be provided distribution service. In addition, various information such as NFT news is also provided through the NFT Dapp, and cryptocurrencies that can be used on the MINTWAY portal will be provided in consideration of the article rank and the number of times read by each category. More details will be mentioned in the corresponding chapter. # 2. MINTWAY Market(multi-Fractionalized & License) ![Figure 12. MINTWAY Market System](/files/T8rFz5JFaDBePzPryN8Y) Unlike the general NFT market that sells NFTs in the MINTWAY market, the core of the service provided by the MINTWAY market is to divide and sell NFTs made in the general NFT market or to divide in multiple or sell as a license NFTs made in the MINTWAY portal. NFT multiple splitting is splitting ownership of NFTs owned by NFTs. Technically there is no limit to the number of splits and the owner of a split NFT can split the NFT again. However, in order to increase system operation efficiency and prevent abuse of multi-level sales channels, up to 100 can be issued in installments. In the case of a split, the original NFT must be locked and entrusted to a trust company linked to the MINTWAY marketplace. Consignment to the trust company is for clear proof of the original, the place where it is currently stored, the safety of purchasing the divided NFT, and the removal of uncertainty about future earnings payment. After that, the owner of the multi-fractionalized NFT can hold and sell some of the multi-fractionalized NFTs, and there is no MinTing fee for multi-fractionalization. The divided original NFT is automatically registered in the license market, and revenue is generated by allowing users to use it. The NFT license sells the right to use the NFT rather than the sale of the NFT itself. For this, the original NFT must be locked and entrusted to a trust company.\ The license cost is a combination of the management fee managed by the trust company and the revenue performance fee, and you only need to pay the service fee to the MINTWAY market when there is a profit. ![Figure 13. MINTWAY Market Usage and Revenue](/files/NYfO0QscLu9tzfHxjWy7) As shown in the figure, the owner of multiple divisions of the NFT can manage only his or her own stake and can sell and hold the ownership stake. If you do not divide your own NFT and operate only the license operation of the NFT, you can manage the entire ownership of the NFT, and the management part will be explained again in the MINTWAY wallet. The license operation is basically connected to the user and the smart contract, and revenue is automatically distributed. Because an association or institution that manages sound sources and images distributes profits according to the laws of each country, the trust company signs a contract with each association, converts the monetized cash into MINTWAY portal cryptocurrency, and then back to each owner automatically distributed them by a smart contract. A buyer can purchase only a part of the NFT rather than the entire NFT and own or sell it, check the license details registered in the NFT through metadata before purchase, or purchase after confirming the actual license revenue. As such, the MINTWAY market is a new concept market in which, in addition to the general NFT market like now, you can fractionalize and sell your own NFT ownership, and you can make a profit by letting others use the NFT without selling the ownership. It will be a very convenient market for all users, and it is expected that many global users will find it as the only model serviced worldwide. ![Figure 14. The Concept of MINTWAY Market](/files/sJQf1SUdJC4HI21um6fB) Unlike the general NFT market, the multi-fractionalization and license market structure provided by the MINTWAY market requires more detailed information such as creator, trust company, share ratio, and current market price and should go beyond simple images and provide a variety of image files for use by many people. Therefore, breaking away from categories such as games, metaverses, collections, and art as now, it is divided into detailed categories such as large categories, sub-categories, and descending/ascending order like the open market so that users can easily find them, and is provided the services for integrated management of NFT by the blockchain through their wallets. # 3. Trust company ![Figure 15. Trust Company System](/files/WusJ02EsIsD4mKurx7Jy) Until now, in the NFT market, it has been a form of direct trading, but the reality is that the ownership and right to use the NFT cannot be effectively managed. Most of the creations shown in the NFT market can be copied and used by anyone, and illegal copying and plagiarism cannot be managed, and if the data source uploaded to the cloud or server disappears, the problem of not receiving compensation for the asset value will be occurred. Even now, most NFT markets do not show any tangible efforts to solve these problems, and responsibility is unclear. If this was an asset like real gold, there would be no NFT market that would operate like this. Since we operate a market that trades assets and sells licenses for the ownership and use rights of NFTs, we must manage these issues thoroughly, and legally manage the possibility of piracy and plagiarism, which are characteristics of digital assets. Therefore, in the MINTWAY market, in order to fractionalize an NFT or sell a license, the license must be registered with the NFT locked. At the same time as registration, the contract is automatically signed by the smart contract, and the locked NFT must be uploaded to the trust company's cloud storage to determine the contract completion. From this point on, the actual legal effect with the trust company takes effect, and from then on, the trust company manages the ownership. The registered NFT generates a certificate in the name of the trust company that includes the creator, creations, and contents, and this is made public for anyone to see. In addition, through a separate contract, a person who uses the certificate without permission or illegal reproduction based on the certificate may be prosecuted by the trust company's legal team, and in the case of expensive NFTs, insurance may be purchased. In addition, for data source security, data will be safely stored through a contract with a cloud company that has obtained the NST SP 800-53 certification standard designated by FedRAMP PMO, a cloud security certification organization in the United States. Through this management, the trust company sells usage rights to global users through contracts with the MINTWAY market and associations and related organizations in each country, and the service fee for this profit is paid to the NFT owner by a smart contract. At this time, each country and related institution receives the profits from its use in cash, so it is paid in cryptocurrency that can be used in the MINTWAY market through an LP outside the trust company. The contract can be canceled through the NFT integrated wallet serviced by the MINTWAY market or MINTWAY portal. At this time, the file is automatically deleted from the cloud, so the original data must be withdrawn in advance. In addition, in the case of a divided NFT, the consent of the entire owner must be obtained. In this way, the MINTWAY market preserves, manages, and operates NFTs in the same way as real assets to ensure the value and profit of the owner's assets. # 4. MINTWAY Wallet & MinTi ![Figure 16. MINTWAY Wallet](/files/sWbpDQ5REPHt3LtmgxH7) The MINTWAY Foundation, which will be in charge of the cryptocurrency ecosystem to be used in the MINTWAY portal, will create a new business structure in the global NFT market through developing a wallet that integrates and manages NFTs produced in numerous blockchain networks for various NFT businesses as well as NFT multi-fractionalizing solutions and cryptocurrencies that can trade usage rights. \ Our token is denoted as “MinTi” in the sense that it is a currency used in NFT minting and NFT transactions, and The type of cryptocurrency that can prove multiple division of ownership is **MinTi100**, and the type of cryptocurrency that is purchased, sold, and used in portals, licenses, Dapps, etc. is denoted as **MinTi**. ![Figure 17. MINTWAY Wallet Structure](/files/MxBhp7miNk2ToPVr7VvJ) MINTWAY wallet is an integrated wallet that links all of three as follow; cryptocurrencies used in each block chain network for NFT production, MinTi100 prove multi-fractionalized ownership, and MinTi traded in portal and license, and Dapp, First, the NFT Blockchain Network presents options so that users can mint NFTs with various tokens on the MINTWAY portal through a blockchain network that can produce NFTs, and allows users to choose gwei, etc. NFTs produced in this way can be traded with cryptocurrency in the same blockchain network as in the general market. Second, NFT-MinTi100 is a cryptocurrency with an NFT format that will be used for proof of ownership when multiple ownership is fractionalized. It is made with a token on the blockchain mainnet selected by the original NFT owner. MinTi100 uses the MINTWAY market system to divide ownership of up to 100 pieces, and the user can directly determine the name of the MinTi100 at the time of division. Information on locked NFTs and prices are organically linked, and distribution information on license revenue is also stored at the same time. \ Third, MinTi (Smart Contract) is a smart contract type cryptocurrency that will be used in multi-fractionalized NFT transactions and license purchases, Dapp Business, MINTWAY portal internal community, advertisements, etc. ![Figure 18. MINTWAY Wallet Management](/files/p9avEim5SgitCT9sjbZd) MINTWAY wallet does not simply store cryptocurrency, it can directly manage NFT, MinTi100, MinTi, manage multi-fractionalization of ownership and license NFT linked to each blockchain network cryptocurrency, and know the price and information status of NFT linked with MINTWAY market. As such, through the MINTWAY wallet, even in different blockchain networks, you can manage your NFT in an integrated way, you can check the license revenue at any time, and you can connect and use various Dapps linked with the MINTWAY portal. # 5. MINTWAY Portal Service Structure ![Figure 19. MINTWAY Portal Service Structure](/files/UMaoSDEmZ7bDY0Y3IF46) The MINTWAY portal system allows us to produce NFTs through various blockchain networks, produce the multi-fractionalized NFTs with MinTi100 in Ethereum-based blockchain network, trade NFTs and NFT license with MinTi, and interlock the control module to integrate all these blockchain networs in the wallet. All transactions on the MINTWAY portal and separately contracted platforms (market, Dapp, etc.) go through the gateway server and can be viewed by the user in the transaction explorer, and the movement of MinTi generated through the transaction is stored in the database and displayed in the wallet after the transaction is completed. In addition, after signing a contract with a company doing Dapp business with the global NFT market, it will be linked with the MINTWAY portal and serviced through API to users and MinTi. Even if it is not the MINTWAY portal, companies entering the MinTi ecosystem can use MinTi by linking with the API that can be connected to the MINTWAY wallet after signing a separate contract. Through this, it is a wallet that integrates various blockchain networks, allowing users, markets, and Dapps related to NFT business to be bundled together and serviced all over the world. # 6. MINTWAY Ecosystem ![Figure 20. MINTWAY Ecosystem](/files/DNDmDF4U5kQnSKJBAAtk) As the first NFT portal, MINTWAY integrates NFT business and shows it to users. Through the MINTWAY market, it breaks away from the existing simple sales concept and provides new services such as fraction of ownership and use of licenses and provides a platform for Dapps that users can participate themselves to obtain the profits. In addition, by storing, managing, operating, and providing certificates for NFTs through trusts, NFTs clearly define the concept of digital assets and give them real asset values. In addition, when other NFT markets or companies that provide Dapp services request, they can enter the MINTWAY ecosystem through a separate contract, and the MINTWAY will secure users through continuous Dapp development. All of this is to enable users with NFTs to make money through their digital assets and diversify the types of NFTs so that more users can make their own content with NFTs. Therefore, we intend to provide users with an ecosystem with an infinite number of demanders as a new business in which users naturally form an ecosystem through three services: the MINTWAY portal, the MINTWAY market, and the MINTWAY Dapp platform. # Ⅴ. MINTWAY DAPP PLATFORM ![Figure 21. MINTWAY Dapp Platform](/files/umm6riQnBSIi8lEexfXc) The MINTWAY DApp platform is a concept where numerous users from all over the world can earn profits by uploading their own content related to NFT, and it is the DApped of various platforms such as media, tickets, travel, webtoons, and digital goods. If the license of the MINTWAY market is to sell one's own NFT license to users, MINTWAY is a method of earning profits by providing its content to users according to the business structure and service method. In other words, the better your content, the more revenue you can get from users. The basic DApps are provided by MINTWAY, and additional DApps will be continuously developed and serviced in the future. ![Figure 22. MINTWAY DApp Platform System](/files/UniFEKK9nIyyViyh40X5) MINTWAY Dapp Platform supports four systems that solve problems that could not be easily accessed in NFT business due to limitations in NFT-related knowledge and technology. First, through Smart Minting, content created in each Dapp can be mined with one click, and users can fractionalize ownership and directly register them on license market. Second, it is integrated with MINTWAY Wallet, allowing users to directly manage NFTs. Third, through the Easy Customize system, MINTWAY METAVERSE Dapp platform such as metaverse, game, and art platform can be easily linked by API. Fourth, the MINTWAY DApp platform allows users to select and pay such as with cash, card, and cryptocurrency for various products such as general contents and minted NFTs by users. Through this, anyone can use the MINTWAY DApp platform, where anyone can easily create and manage NFTs. We plan to service 8 DApp platforms sequentially in the beginning, and then we will develop additional DApp platforms according to market conditions and technological development of the times. # 1. METAVERSE DApp Platform ![Figure 23. METAVERSE Dapp Platform](/files/25t07e94NwKlSpltgLNP) METAVERSE Dapp Platform is a metaverse worldview that is linked to games to be developed by MINTWAY in the future as well as is a metaverse of a new concept that can be combined with various platforms such as external metaverses, games, and art platforms. Even a simple game without a world view can be linked through the API provided by the METAVERSE Dapp Platform to share the world view, and transactions and exchanges such as characters, items, and game money are possible. In addition, through the sharing of various services such as DeFi, exchange, and cryptocurrency provided by Metaverse, users can more easily flow through a worldview that is organically connected to each other rather than a single worldview, and various marketing can be developed through the MINTWAY Portal. Because the shared worldview and any digitally created product can be converted to NFT, and various currencies of each platform can be traded, the value of any product will be dramatically increased for any business. As such, the METAVERSE DApp Platform will be the first METAVERSE to integrate and service all business platforms rather than a simple metaverse. # 2. TICKET Dapp Platform ![Figure 24. TICKET Dapp Platform](/files/3j6DW1ofT097IYXq4cwp) The TICKET DApp platform can produce and sell NFT tickets for O2O performances such as concerts, movies, exhibitions, and musicals. For live performances, ticket sales can be produced and sold through NFT, while online performances provide a platform service that sells ticket and shows performances. Of course, companies that have a platform can also provide services on their own. The issue of TICKET NFTs is issued immediately by entering the date and time, number of tickets, performance information, ticket image, etc. on the dashboard provided by the platform, and entering simple information such as smart contract and desired token blockchain network during minting. The number of tickets can be created (more than 100) as desired by the user, and the Tx fee and ticket production fee of the selected blockchain network are included. However, it will be cheaper than the general TICKET platform. After that, Ticket NFT is automatically registered in MINTWAY Market and can be sold on its own platform. # 3. SOCIAL MEDIA Dapp Platform ![Figure 25. SOCAIL MEDIA Dapp Platform](/files/SH9pXfmmSKaLcWuLJKzq) SOCIAL MEDIA DAPP PLATFORM is a concept that integrates blog, Instagram, YouTube, and home shopping, and when creators sign up for membership, their own platform is created. The platform consists of four services: open blog, image content, streaming service, and on-demand content service. Creators can create and show desired content such as fashion, cuisine, travel, cosmetics, music, companion animals, and games, etc. and can sell them. At this time, users can always mint their own pictures, photo book, videos, etc. with just one click, and can sell pictures, videos, and digital products through live commerce. Users can also sell general content and sell it in NFTs of a limited quantity, and it is a system that can earn various profits depending on their own content but not the limited income of existing social media such as monthly subscriptions by each member, creation and sales of videos or images requested by users, etc. The payment method can be selected by the creator, such as cash, card, cryptocurrency, etc., and it can be conveniently used because it is the user's choice to broadcast simultaneously with other media such as YouTube. # 4. MUSIC Dapp Platform ![Figure 26. MUSIC Dapp Platform](/files/x7w0sPBML5kLh5HS43P3) In MUSIC DAPP PLATFORM, creators such as singers, composers, and performers can register their own sound source and divide the ownership to sell it, and general users can listen to music as if they were listening to music on an existing music platform. Each license revenue is paid to the creator, and when ownership is fractionalized, the revenue is distributed according to the share of each owner. It is also possible to distribute shares of ownership through collaboration among musicians who make music. For example, when a composer wants to add singers and guitars after making a basic sound source, if he signs up in the Co-production of MUSIC DAPP PLATFORM and registers the fact that he is looking for singers and guitars, each musician listens to the sound source and records the corresponding song and guitar performance and upload it. The first registered composer selects the best musician from among the posted contents and distributes the stake to the entire music ownership. Proceeds from the license of this music will also be distributed according to each stake. At this time, all ownership stake means the right to beneficiary, and the copyright is owned by each musician. # 5. GAME Dapp Platform ![Figure 27. GAME Dapp Platform](/files/1M8DTAEYrwPjxH13U1FT) GAME DAPP PLATFORM is divided into two platforms: a game platform planned and developed by MINTWAY, and a platform that supports item sales and marketing of other game companies. First, the game planned by MINTWAY is “New World”, which is set in the Age of Discovery, which decorated one page of history from the Middle Ages to the modern era, and “Legend of Galaxy”. These games are being planned with a worldview linked to the METAVERSE Dapp platform, and mini-games and casual games to be used as DeFi are also under development. Second, the platform that supports the game company's item sales and marketing will be developed as a platform to sell and trade game items in conjunction with MINTWAY LICENSE MARKET, but will be integrated with the METAVERSE Dapp platform in the future. # 6. TRAVEL 360O Dapp Platform ![Figure 28. TRAVEL 360O Dapp Platform](/files/edEMvckxO2veh2E1mg22) TRAVEL 360O Dapp Platform is a platform that allows creators to capture travel destinations with 360O high-definition cameras such as GoPro and produce them with NFT to earn sales and license revenue. Users can enjoy various travel contents according to the category, such as season, theme, place, family, etc., or plan a trip after acquiring more detailed travel information without having to travel directly. Such information, which is difficult to obtain accurate information such as accommodation, food, and leisure, can be easily delivered to general users, and by converting this information into data, the products that travelers want are matched with a package or a single product and sold through NFT. # 7. MEDIA DAPP PLATFORM ![Figure 29. MEDIA Dapp Platform](/files/jGYCbkWQFi6Bl6jCpT1Z) The MEDIA Dapp Platform can purchase and sell world-famous media magazines with NFT, and it can publish magazines and news quickly and inexpensively through media production system services. NFT buyers can directly view media through the NFT access code on the MEDIA Dapp Platform, and MINTWAY plans to sell media through contracts with world-famous media companies. Ordinary users can look a lot of these media through a single purchase or a flat rate, and companies that want to start a media business can use the MEDIA Dapp Platform to service users without developing a website or app by a magazine production system. In addition, users can produce and sell old articles, photos, and historical records from global famous magazines using NFT, and reporters or media companies can register one NFT with their own articles for almost all themes such as finance, fashion, IT, current affairs, music, politics, and society, etc. through system provided. # 8. WEBTOON DAPP PLATFORM ![Figure 30. WEBTOON Dapp Platform](/files/XHY1ajLWWEf9AthzEGT4) As the global market size of WEBTOON is predicted to be about $16.5 billion, WEBTOON DAPP PLATFORM will be created to establish an integrated system for preoccupying the webtoon market in the NFT field. The comics market is shifting from the old comics, Marvel, and comic magazines to online platforms. Webtoons don't mean just for cartoonists to upload their own cartoons online, but the combination of specialized fields such as creators, agencies, publication, character licensing, IP distribution, and marketing for subscriptions. The WEBTOON DAPP PLATFORM we plan to develop provides a service for users to view various webtoons, and at the same time, the trust company can manage the IP and character licensing of each webtoon, and will act as an agency. Webtoons produced with NFTs will be made into various products such as episodes, volumes, and memberships according to the author's wishes, and the complete NFT will be minted and sold in bulk or sold separately as a special edition. # 9. MINTWAY Membership service ![Figure 31. MINTWAY Membership service](/files/y2UfNWiCq9Ou7MX3DD7L) MINTWAY provides a membership service that allows you to conveniently use the numerous NFTs gathered through the license market and Dapp platform at a low cost. In the license market, users can use the NFT registered in the license market after minting by purchasing an annual membership service license, and the price varies according to the grade and scope (image, video, character, etc.). The MINTWAY Dapp platform provides membership services for services that users can enjoy and easily view, such as concerts, streaming, media, webtoons, and Travel 360O. In this case, the NFT that can be used requires the NFT owner to consent to membership service, and NFTs that do not agree are not exposed. The revenue generated through the membership service is automatically distributed to the NFT owner according to the click-through rate and grade, excluding a certain fee from the total revenue. Through this, MINTWAY Portal will be the first NFT Portal in the world where anyone who wants to earn NFT profits can come and use large-scale NFT. # Ⅵ. TOKEN PLAN # 1. SUMMARY
CategoryDetail
Project NameMINTWAY Project
BrandMINTWAY NFT PORTAL (MARKET & BUSINESS Dapp)
ConceptBuilding NFT portal for NFT licensing business
AimEstablished an independent position as the world's No. 1 NFT portal site and licensed NFT within 5 years
PeriodFrom September 2021
Token Name (Ticker)MinTi Token (MINTI)
NetworkEthereum Mainnet(ERC-20)
Symbol
Total Supply2,000,000,000 EA
Operating EntityKLOWDLABS Pte. Ltd.
# 2. DISTRIBUTION ![](/files/kvQx5heUNDCkQnon9ZDa)
CategoryPortionAmountDetail
Seed Sale0.84%16,800,00010% unlock monthly from TGE

Private Sale

Investor

1.16%23,200,0005% unlock monthly from TGE
Private Sale7.50%150,000,0005% unlock monthly from TGE
IDO2.5%50,000,0005% unlock monthly from TGE
Reward40.0%800,000,0001/120th unlock monthly from TGE
Team & Founder12.0%240,000,000Lock for 1 year from TGE, then 1/24th unlock per month
Advisor5.0%100,000,000Lock for 1 year from TGE, then 1/12th unlock per month
R&D10.0%200,000,0003% unlock monthly from TGE
Operations15.0%300,000,0002% unlock monthly from TGE
Liquidity1.0%20,000,000Unlock
Partners5.0%100,000,000Lock for 1 year from TGE, then 1/12th unlock per month
Sum100.0% 2,000,000,000　
# 3. TOKEN SUPPLY ![](/files/QqqU6tdCAvme0AWscGSD) # 4. ROADMAP
# Legal Notice (1) this Whitepaper has been distributed only for general reference purposes to the MINTWAY Platform project based on the time of writing and may be reviewed and modified. The information described in this document may be changed or updated from time to time. (2) No one is obliged to enter into a related contract or legally binding pledge with the sale of MINTWAY Platform Token(Minti), and no funds shall be received on the basis of this Whitepaper. (3) This Whitepaper shall not, in any event, constitute a token sale or purchase offer from an Token issuer/distributor/company, and the presentation of this document (or document itself) should not be considered or relied on for any contract or investment decision. (4) This Whitepaper is not provided in a business plan, business statement, proposal, etc., and should not be construed as an investment offer or recruitment, such as securities, units of business trust, units of the collective investment plan, etc. (5) The Token is a not a securities product, and accordingly, for the avoidance of doubt, nothing in this white paper should be construed to mean that (i) the holder of the Token will receive a financial benefit by virtue of their holding, ownership or possession of the Token; (ii) that MINTWAY has a legal obligation to repay the holder in full or part for his purchase of any Token (whether by refunds or redemption or otherwise); (iii) that the Minti Token will provide the holder with direct or indirect exposure to assets of MINTWAY; or (iv) the Minti Token will provide the holder with a payment of interest. (6) The information in this Whitepaper has not been reviewed, inspected, or approved by regulators. This action has not been taken in any jurisdiction and will never be taken. (7) If you wish to purchase Token, you should not understand, interpret, classify, or treat Token as follows:. \- Money other than cryptocurrency \- Bonds and stocks issued by any institution \- Rights, options, derivatives for these bonds and stocks \- The rights under contracts for difference or other contracts to guarantee investment returns or to avoid losses \- Units or derivatives of securities, such as collective investment plans and business trusts **Restrictions on distribution and propagation** (1) Distribution or propagation of all or part of this whitepaper may be prohibited and restricted by the laws or regulatory requirements of any jurisdiction. If the restrictions apply, you must be aware of, seek legal advice, and comply with, and Cloudlabs Pte. Ltd. and it’s employees, representatives, associates, etc. (hereinafter referred to as ‘we and affiliates') are not responsible for them. (2) If you have read or possessed this white paper due to distribution and dissemination, you must not share this white paper or its contents with others for any purpose in any other way such as distribution, duplication, etc. and must not allow or cause this situation. **Excluding Responsibility** (1) Related services provided by Token, us and our affiliates are provided 'as it is' and 'as possible'. We and our affiliates state that they do not explicitly or implicitly guarantee or describe the accessibility, quality, suitability, accuracy, adequacy, completeness, and that they bear no responsibility for errors, delays, omissions, or actions taken dependent on them. (2) We and our affiliates do not describe, guarantee, promise, or claim to any subject or individual any form of authenticity, accuracy or completeness, including the information set forth in this Whitepaper. (3) We and our affiliates assume no contractual or tort liability, for any indirect, special, incidental, or consequential losses (including but not limited to losses in investment/income/profit, utilization, and data) arising from your acceptance or reliance on this Whitepaper. And this applies to the fullest extent permitted by applicable laws and regulations. **Warning for future forecasting statements** (a) Certain expressions in this Whitepaper contain predictable statements about the future, future events, prospects, etc. of the project. These are not historical fact-based statements and are identified by similar expressions to words such as 'scheduled', 'estimated', 'believed', 'predicted', and 'expected'. In addition to this Whitepaper, presentations, interviews, videos, and other publications may include these future forecast statements. The forward-looking statements contained in this Whitepaper include, but are not limited to, future results, performance, and achievements of us and our affiliates. (b) Future forecasting statements contain a variety of risks and uncertainties. These statements do not guarantee future performance and should not be overly dependent. When risks and uncertainties materialize into reality, the actual performance and development of us and our affiliates may differ from the expectations set by the future forecast statements. We and our affiliates are under no obligation to provide updates on future forecast statements. You are solely responsible for the non-realization of the forward-looking statements if you act on the basis of future forecast statements contained in this Whitepaper, our and our affiliates' homepages and other materials. (c) As of the date this Whitepaper was created, the MINTWAY Platform is not complete or fully operational. Although an explanation has been made on the premise that the MINTWAY Platform will be complete and fully operational in the future, it should not be interpreted as a guarantee or commitment to its completion and full operations. **Potential Risk** (a) Before deciding to purchase and participate in the Token, we recommend that you read the following carefully and fully analyze and understand the factors and risks involved. Risks include, but are not limited to: (i) Risk of storage-related buyers' negligence, such as restriction of access to Token due to loss of identification and loss of essential personal keys related to digital wallets stored Token. (ii) Risk of changes in value after the publication of Token due to global market and economic conditions. We may not be able to fund the development of the Minti ecosystem or maintain the Minti ecosystem in its intended direction due to this uncertainty in Token value. (iii) Risks associated with changes such as changes in the political, social, and economic environment, changes in the stock or cryptocurrency market environment, changes in the regulatory environment of the countries in which we and our affiliates operate, and changes in their ability to survive or compete in such environment. Existing/new regulations on blockchain technology that are disadvantageous to Token can be applied in certain jurisdictions, which can lead to significant changes in Minti ecosystem and projects, such as Token abolition/loss. (iv) Risks related to changes in the future capital needs of us and our affiliates, and changes in the availability of capital and financing to meet them. Lack of funding can affect the development of the MINTWAY Platform and the use and potential value of the Token. (v) Our platform activities may be suspended, disbanded, or launch plans may be suspended for various reasons, such as adverse changes in Token value, business relationship failure, or competitor's intellectual property rights claims during development/operation.\ And this may negatively affect the Minti ecosystem, Token, and the potential use of Token. (vi) Risks related to the lack of interest by companies, individuals, and other organizations in the MINTWAY Platform and services and the limited public interest in the creation and development of distributed applications. This lack of interest may limit funding or affect the development of the MINTWAY Platform and the utilization and potential value of Token. (vii) Risk of applying significant changes to key features and specifications of the Token or MINTWAY Platform prior to the launch or implementation of the MINTWAY porject and the Minti ecosystem. The MINTWAY intends that the capabilities of Token and MINTWAY will be consistent with the contents of the Whitepaper, but these changes are nonetheless applicable. (viii) Risks of competition between Token and other platforms that could potentially adversely affect the MINTWAY Platform (e.g., when do not achieve commercial success or have a bleak outlook by competitive projects). (ix) Risk of interfering with MINTWAY Platform infrastructure and Token utilization by intentionally or unintentionally planting harmful or malicious codes on MINTWAY Platform by third parties or other individuals. The blockchain used in the platform is also vulnerable to such attacks, so it poses a risk to the operation of the platform and related services. (x) The occurrence of catastrophic events such as natural disasters by force majeure may affect our and our affiliates' business operations and other factors beyond our control. Mining attacks, attacks by hackers or other individuals may result in theft or loss of Token sales revenue, theft or loss of Token, and impairment of Minti ecosystem development capabilities. (xi) Token and other cryptocurrencies are new, unproven technologies and are continuously evolving. The full functionality of Token is not yet complete and there is no guarantee of completion. As technology advances, advances in encryption technologies and methods, changes in consensus protocols and algorithms, and so on can pose risks to Token, MINTWAY porjects, the Minti ecosystem, and the use of Token. (xii) Token grants no decision rights to any other entity regarding the MINTWAY porject, the Minti ecosystem, us, etc. All decisions, including discontinuation of products, services, Minti ecosystem, etc., additional creation, sale and liquidation, etc. of tokens utilized in the Minti ecosystem, are made in our sole discretion. (xiii) Token's tax and accounting practices are uncertain and may vary from jurisdiction to jurisdiction. Purchases of Token may negatively affect tax processing and are encouraged to seek independent tax advice. In addition to the risks stated above, there are other risks that we and our affiliates may not anticipate. Or there can also be risks of unexpected combinations and variations. (b) Our and our affiliates' business, financial position, operational outcomes, and prospects may be substantially and negatively affected if the risks and uncertainties above are developed in practice. In such cases, you may lose some or all of your Token value. **Disclaimer for additional information and updates** With respect to Token, we, our affiliates, and related businesses and operations, no one has the right to provide information/explanation other than those contained in this white paper, and even if such information/explanation is provided, our or our affiliate’s authority should not be construed as granted or representative of them. **Participation restrictions** If the identity information provided by the person who intends to participate in the token transaction related to the white paper is insufficient, inaccurate, or otherwise misleading, or if it is presumed to be a restricted participant, the token purchase request may be rejected at any time. In addition, you must not participate in token transactions with funds from crimes such as drug transactions, or participate in token transactions for money laundering or terrorist financing. If a restricted participant purchases tokens or for illegal and unauthorized funds and purposes, transactions may be prohibited and restricted at any time, and such token purchases may be canceled or void. Also, citizens of countries that prohibit or restrict cryptocurrency trading, such as Singapore, cannot participate in the purchase of tokens and must not participate in any way. No advice No information in this white paper shall be regarded as business, legal, financial or tax advice for Token, MINTWAY Platform, us or our affiliates. For Token, we and our affiliates, and related businesses and operations, we recommend that you seek advice from other experts such as legal, finance, and taxation. The financial risk of purchasing Token may apply indefinitely.