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Although zero-knowledge proof (Zero-knowledge proof) has been popular for a while, there was an initiative launched before the first half of 2021. MINA Coin is one of the early initiatives in this field, striving to bring the ZK story to life, albeit slowly. They recently shared an announcement related to a significant partnership.
MINA Coin News
The Mina Foundation and Mirae Asset Financial Group will work on a privacy-enhanced solution for the tokenization of real-world assets (RWAs) on the blockchain using zero-knowledge proofs (ZKPs). Mirae Asset Financial Group is a well-known asset management and investment banking company in South Korea. The financial services chain was launched in 1997 and manages assets worth $548 billion as of 2023.
MINA Coin team’s announcement states:
“As the worlds of traditional finance and blockchain technology collide, one use case is gaining more attention. Even BlackRock is getting involved. The next crypto bull market is claimed to be driven by real-world assets rather than Bitcoin’s halving or the approval of an Ethereum ETF. With the STO market valuation in Korea expected to reach $287 billion by 2030 and Japan already issuing and distributing security tokens, it is definitely worth paying attention to.
Mina Foundation is collaborating with Mirae Asset Financial Group to create a privacy-enhanced STO solution. This will allow users to own STOs in a regulatory-compliant manner while protecting their privacy.
Mirae Asset Financial Group operates its private ledger (Hyperledger BESU) and a database holding customer data. They publish the assets and transactions of STOs on this ledger. This solution will securely process tokenized security data on the public Mina blockchain, allowing asset owners to claim proof of their assets without compromising their privacy.”
MINA Coin Price Predictions
One of the altcoins most affected by the drop in Bitcoin price was MINA Coin. Both the halving of staking income after the last major update and the breaking of a significant support level intensified the sales. In the BTC pair, MINA Coin fell to 0.00000808. The current level shows that MINA Coin has steadily declined against BTC since January 2024, dropping by 77.4%.
In the USD pair, the last major rise started at the $0.5686 support, which has been lost for now. If sales continue, new lows between $0.50 and $0.41 are possible. However, being oversold against BTC, the recent partnership, and the token standard on the network now being in the code audit phase show hope for a recovery in price. Of course, no one can see the future, and in crypto, it is possible for the price to go to zero or run to $10.
