# Creator NFT (mNFT)

**Creator NFTs (mNFT) are minted and distributed to market creators for each unique market for each whitelisted market type.**&#x20;

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](broken://pages/QJra4ZBsjn4u4DJAXLoA). There are no restrictions for token transfers.&#x20;

**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.&#x20;

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


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