NFT
In an effort “to strengthen the standard” of recent non-fungible token (NFT) tasks, the Solana Basis is inviting aspiring creators to pitch the corporate their concept for profile-picture collections.
The competitors, dubbed the “NFT Showdown,” is supposed to encourage artists to plan complete enterprise plans geared toward creating collections that provide “real-world utility” for the style, leisure and gaming industries, amongst others.
“The NFT Showdown is designed to encourage a shift in the way in which NFT manufacturers design their enterprise plans previous to launching,” Austin Federa, Solana Basis’s head of technique, stated in a press release. “Initiatives ought to think about what it can take to attain long run success as an NFT model.”
Whereas Ethereum has lengthy dominated the NFT house because the blockchain of selection for high collections, rival chains like Solana have been gaining floor.
With a submission window slated for early June, the ten contest winners will likely be awarded with direct assist from Solana. It will primarily embody in depth steering from Solana and business specialists on the best way to obtain “long-term success,” the muse stated in a press release.
Magic Eden, an NFT market recognized partly for dealing with buying and selling for Solana-based collections, stated it totally helps the competitors. “For the final 18 months, we’ve got supported Solana creators getting into the house and collaborated with tons of of tasks who’ve offered out on Magic Eden,” stated Tiffany Huang, head of selling on the NFT market. “This initiative is about getting new faces and concepts into the ecosystem, and we’re excited to see how we are able to play our position to increase the ecosystem.”