Magic Eden, a leading NFT marketplace, has announced a $1 million fund to support creators building on the Polygon blockchain. This initiative is expected to boost the growth of innovative NFT projects on Polygon, which is a popular blockchain for web3 gaming.
Magic Eden is hosting an event to identify, support, and launch the next wave of premier NFT projects on the Polygon blockchain. This is a rare opportunity for creators and innovators to collaborate with leading figures in the Web3 space and bring their visions to life.
The NFT community is calling on builders to identify and support the best project founders, those who have the potential to ignite the next phase of NFT adoption. If you are a creator with a groundbreaking NFT use case, a new approach to community building, or exceptional intellectual property, this could be your time to shine.
If you are interested in this opportunity, applications opened at 1:30 PM EST on August 17th. However, the application process is not simply a formality. Creator-applicants must provide essential details about the project’s vision, the funding they seek, and their early efforts to build a community. This information is essential for the fund’s committee to make an informed decision. Magic Eden assures that all team information will be kept strictly confidential.
In addition to financial backing, selected projects will also receive access to Magic Eden’s Launchpad resources, the Polygon ecosystem’s developer and support groups, and the collaborative power of a vast Web3 network. This support will encompass mentorship, marketing assistance, technological backing, ecosystem networking, and grant funding to help expedite the project’s journey to market.
Last year, the NFT community saw Magic Eden add Polygon to its platform. This move was a testament to their commitment to a future that supports multiple blockchains. By recognizing that each blockchain has its own unique audience, goals, and NFT use cases, Magic Eden has shown that they value diversity in the blockchain ecosystem.
The new initiative by Magic Eden is significant on its own, but it also has symbolic importance for the broader NFT and Web3 landscape. Initiatives like these drive the NFT space towards greater innovation and purpose. As we stand at the dawn of this new era, ventures such as these promise to not only bring more people into the world of NFTs, but also to accelerate the adoption of Web3 across the board.