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 plot 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 best way NFT manufacturers design their enterprise plans previous to launching,” Austin Federa, Solana Basis’s head of technique, stated in a press release. “Tasks ought to take into account what it should take to attain long run success as an NFT model.”
Whereas Ethereum has lengthy dominated the NFT area because the blockchain of alternative for prime 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 help from Solana. This can primarily embody intensive steering from Solana and trade consultants on how you can 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 have now supported Solana creators coming into the area and collaborated with a whole bunch of tasks who’ve bought out on Magic Eden,” stated Tiffany Huang, head of promoting on the NFT market. “This initiative is about getting new faces and concepts into the ecosystem, and we’re excited to see how we will play our position to broaden the ecosystem.”
