# 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](https://docs.foreprotocol.io/fore-protocol/documentation/protocol-roles/creators/broken-reference). 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.