Creator NFT (mNFT)

Creator NFTs (mNFT) are minted and distributed to market creators for each unique market for each whitelisted market type.

mNFT is an ERC721 standard token and is needed to receive the market creator's reward. Metadata is formatted using the Market NFT Metadata Format. There are no restrictions for token transfers.

The purpose of the mNFT is to provide: a) a mechanism to distribute rewards to creators b) an incentive to create greater value by attracting greater participation to creators' respective markets c) create a dynamic and liquid market for creators' votes in the protocol.

An incentive can be received in the rewards phase. At the time of reward redemption, the mNFT is burned.