1. BITBILIHome
  2. Article

Magic Eden launches $1 million creator fund to boost Polygon’s NFT ecosystem

• 60 views

TL;DR Breakdown

  • Magic Eden launched a $1 million fund to support creators on the Polygon blockchain for NFT projects.
  • The fund provides financial support and mentorship to selected Polygon-based projects, focusing on innovation in the NFT landscape.
  • This initiative is part of Magic Eden’s expansion on Polygon, reflecting its strategic alignment with Polygon’s growing role in web3 gaming.

Description

Magic Eden has announced the launch of a $1 million fund dedicated to supporting creators building on the Polygon blockchain. The fund aims to bolster a blue-chip NFT presence on Polygon, a blockchain renowned for web3 gaming. Fostering Innovation: Magic Eden’s commitment to supporting Polygon-based projects The newly launched fund offers creators the opportunity to … Read more

Magic Eden has announced the launch of a $1 million fund dedicated to supporting creators building on the Polygon blockchain. The fund aims to bolster a blue-chip NFT presence on Polygon, a blockchain renowned for web3 gaming.

Fostering Innovation: Magic Eden’s commitment to supporting Polygon-based projects

The newly launched fund offers creators the opportunity to apply for funding for their Polygon-based web3 projects. Selected parties will not only receive financial support but also benefit from Magic Eden’s mentorship, marketing assistance, tech support, and grant dollars to bring their innovative projects to market.

In a statement, Magic Eden emphasized the challenges faced by the ecosystem during the bear market and expressed a commitment to finding and supporting the best and brightest project founders. The goal is to spark the next wave of NFT adoption, focusing on projects that stand out for their uniqueness, scalability, and ability to challenge the status quo of the NFT landscape

Magic Eden’s growing presence on Polygon

Magic Eden’s decision to launch the creator fund aligns with its strategic efforts to build a more substantial presence on the Polygon network. Though originally founded on Solana, Magic Eden has made significant strides within the last year to expand its reach on Polygon.

In November 2022, Magic Eden added support for Polygon NFTs, followed by the addition of Polygon NFT minting and trading capabilities for gaming a month later. These moves reflect Magic Eden’s recognition of Polygon’s growing importance in the web3 gaming space and its potential to host blue-chip NFT collections.

In conclusion, Magic Eden’s $1 million creator fund is aimed at supporting Polygon-based web3 projects, with a focus on uniqueness, scalability, and challenging the NFT landscape. 

The fund aligns with Magic Eden’s recent efforts to expand its presence on Polygon, including the addition of Polygon NFT support in November 2022 and Polygon NFT minting and trading capabilities for gaming in December 2022. The initiative is part of Magic Eden’s broader strategy to foster innovation and support emerging talents in the NFT space.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Magic Eden launches $1 million creator fund to boost Polygon’s NFT ecosystem

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月19日 00:41
Next 2023年8月19日 01:37

Related articles

  • Key takeaways from the U.S. June PMI report

    TL;DR Breakdown The U.S. June PMI report indicates steady growth in the services sector, despite increasing business costs. The manufacturing sector sees a contraction, with decreased demand and suppliers reducing prices. Description The U.S. June Purchasing Managers’ Index (PMI) reveals a mixed economic scenario. While the services sector continues its strong run, manufacturing faces a dip. Despite some economic headwinds, the U.S. private sector is chugging along steadily. Here’s an in-depth exploration of the key findings from the report. A steady pulse in the service sector Amid … Read more The U.S. June Purchasing Managers’ Index (PMI) reveals a mixed economic scenario. While the services sector continues its strong run, manufacturing faces a dip. Despite some economic headwinds, the U.S. private sector is chugging along steadily. Here’s an in-depth exploration of the key findings from the report. A steady pulse in the service sector Amid economic uncertainty, the services sector remains a robust contributor to U.S. growth. With a PMI score of 54.1, this sector witnessed a solid upturn in June, second only to May’s 13-month high. Fueled by confident…

    Article 2023年6月26日

  • How blockchain could empower AI revolution

    TL;DR Breakdown Blockchain, with its data management and security capabilities, is pivotal in the transition towards automation and AI. Blockchain boosts the credibility of AI by validating data sources, thus enhancing AI outputs. The wider acceptance of blockchain could be driven by its application in business operations and the subsequent recognition of public blockchain benefits, including cryptocurrencies. Description As we traverse the contours of the digital age, an intriguing amalgamation of technology is fueling the transition: blockchain and artificial intelligence (AI). In the silent symphony of data and algorithms, these two technologies, working in tandem, could spearhead a revolution in automation. Blockchain: Laying the foundations of a data fortress The cornerstone of this … Read more As we traverse the contours of the digital age, an intriguing amalgamation of technology is fueling the transition: blockchain and artificial intelligence (AI). In the silent symphony of data and algorithms, these two technologies, working in tandem, could spearhead a revolution in automation. Blockchain: Laying the foundations of a data fortress The cornerstone of this impending automation surge is blockchain technology, a tool set…

    Article 2023年6月21日

  • Crypto self-custody bill clears US House Committee

    TL;DR Breakdown The “Keep Your Coins Act of 2023,” a bill advocating for crypto self-custody rights, has passed the US House Financial Services Committee. The bill’s success shows a shift from the U.S. Securities and Exchange Commission’s aggressive regulatory approach. Description Sailing through the legislative storms of the United States, a significant piece of legislation, the “Keep Your Coins Act of 2023,” managed to clear the House Financial Services Committee. This step marks a profound development for the digital assets industry, one that might just shake the underpinnings of crypto regulatory norms. House Committee shaping the … Read more Sailing through the legislative storms of the United States, a significant piece of legislation, the “Keep Your Coins Act of 2023,” managed to clear the House Financial Services Committee. This step marks a profound development for the digital assets industry, one that might just shake the underpinnings of crypto regulatory norms. House Committee shaping the landscape for crypto self-custody The bill, rooted in the principle of financial independence, was presented by Republican representative Warren Davidson. Catering to the burgeoning sector of…

    Article 2023年7月29日

  • Tether and Georgia forge an alliance for cutting-edge Bitcoin P2P development

    TL;DR Breakdown Tether forms a strategic alliance with the Georgian government to advance blockchain and P2P technology. Tether aims to enhance urban areas through blockchain-based solutions and support for startups. The collaboration between Tether and Georgia sets the stage for a transformative monetary revolution. Description Tether, the leading stablecoin issuer, has inked a momentous Memorandum of Understanding (MOU) with the Georgian government, propelling Georgia into the forefront of blockchain and peer-to-peer (P2P) technology. This strategic alliance is set to spark a monetary revolution with far-reaching implications. In a bold move reflecting their commitment to global expansion, Tether’s stablecoin issuing platform … Read more Tether, the leading stablecoin issuer, has inked a momentous Memorandum of Understanding (MOU) with the Georgian government, propelling Georgia into the forefront of blockchain and peer-to-peer (P2P) technology. This strategic alliance is set to spark a monetary revolution with far-reaching implications. In a bold move reflecting their commitment to global expansion, Tether’s stablecoin issuing platform has forged a groundbreaking partnership with the Georgian government. The aim is to cultivate an atmosphere of innovation conducive to applying P2P…

    Article 2023年7月1日

  • The U.S. Advisory on Payment App Risks and Bitcoin’s Position as a Secure Alternative

    TL;DR Breakdown U.S. advisory warns about the risks of storing funds in payment apps like PayPal, Venmo, Zelle, and Payoneer, as they lack the same protections as traditional banks and credit unions. Bitcoin emerges as a secure alternative due to its decentralized nature, providing users with sole ownership and control over their funds. Recently, the Consumer Financial Protection Bureau (CFPB), a prominent U.S. government agency responsible for safeguarding consumer interests in the financial sector, issued a warning about the potential risks associated with storing funds in payment apps such as PayPal, Venmo, Zelle, and Payoneer. The advisory emphasizes that funds held in these payment apps may not benefit from federal deposit insurance, leaving consumers vulnerable to financial uncertainty in case of app failures or bankruptcy.  This advisory has sparked discussions about the security of alternative options, with Bitcoin emerging as a potential secure alternative due to its decentralized nature and user control over funds. This article delves into the U.S. advisory on payment app risks and explores Bitcoin’s growing adoption and its position as a secure alternative in the context…

    Article 2023年6月8日
TOP