Hassan Maishera
The Mina Protocol team announced in a blog post on Thursday that it has released its fungible token standard. This launch allows builders to create and manage custom tokens on Mina, opening up exciting possibilities for real-world assets (RWA), on-chain gaming, decentralized finance (DeFi), and more.
With the Mina Fungible Token Standard, token managers can specify rules for creating new tokens when the contract is deployed. The standard allows for minting, burning, and transferring tokens, adding a new layer of functionality to the Mina ecosystem.
Furthermore, developers can create zero-knowledge applications (zkApps) that interact with these tokens, enabling complex use cases.
Mina is a layer-1 protocol with a succinct blockchain. The current blockchains like Bitcoin and Ethereum store hundreds of gigabytes of data, and their blockchains will only increase in size over time. MINA is up 2% in the last 24 hours and is trading at $0.47 at press time.
