Magic Eden Launches $1M Creator Fund to Support NFT Founders on Polygon
In Brief
Magic Eden has launched a $1 million Creator’s Fund to support NFT projects on Polygon.
The fund’s objective is to fuel, and launch the next generation of bluechip NFT projects on Polygon.
Both first-time and established project founders are welcome to apply.
Magic Eden has launched a $1 million Creator Fund to support NFT projects on Polygon.
According to the company, the program will provide creators with the opportunity to collaborate with industry experts, supercharging their project visions and firmly establishing their presence in the Polygon ecosystem.
The fund aims to discover, elevate, and drive bluechip NFT projects on Polygon to prominence in the market. Magic Eden intends to initiate the next wave of NFT adoption by forging strategic alliances with industry leaders, breathing new life into a landscape navigating the challenges of the ongoing bear market.
“The bear market has been rough for everyone,” said Magic Eden. “That’s why we’re encouraging builders in the ecosystem to find and support the best and brightest project founders who will spark the next wave of NFT adoption.”
According to Magic Eden, both first-time and established project founders are welcome to apply.
The fund’s selection process rigorously evaluates the creativity, vision, and determination of each project. From the uniqueness and viability of the idea to the team’s diversity and capabilities, every aspect will undergo careful scrutiny – said the company.
Selected founders will benefit from Magic Eden’s robust support framework, which encompasses exclusive access to Launchpad resources, integration within the Polygon ecosystem’s developer and support community, and utilization of the extensive Web3 network.
This curated assistance encompasses mentorship, marketing direction, technical support, ecosystem networking, and grant funding to guide founders in actualizing their projects.
“We value creativity, vision, and drive,” Magic Eden said.
“We strongly recommend projects take the initiative and initial steps to build up a community and following–through Discord, Twitter, etc… We aren’t looking for projects with a huge following, but we are looking for projects who take the initial steps to market their projects and connect with other communities in the Polygon ecosystem.”
Furthermore, the NFT platform made it clear that projects which resort to employing bots for inflating engagement or follower counts will not be considered.
The fund is currently accepting applications. NFT creators on Polygon can submit their applications to take part in the fund through this link.
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About The Author
Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via cindy@mpost.io with press pitches, announcements and interview opportunities.
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Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via cindy@mpost.io with press pitches, announcements and interview opportunities.
