NFT Innovations: Magic Eden’s Million-Dollar Push for Polygon Creators

On Aug 18, 2023

Magic Eden has announced the launch of a $1 million fund aimed at supporting creators building on the Polygon blockchain. With a big reputation in the web3 gaming universe, Polygon could witness a surge in innovative NFT projects courtesy of this new initiative by Magic Eden.

Call to Creators: Are You Ready to Innovate?

Magic Eden is hosting an event intending to discover, fuel, and introduce the subsequent generation of blue-chip NFT ventures within the Polygon ecosystem. For creators and innovators, this represents a unique opportunity—a once-in-a-Web3 lifetime chance—to collaborate with industry frontrunners and amplify their project’s vision.

The call is out for builders within the ecosystem to identify and back the finest project founders, those who can ignite the subsequent phase of NFT adoption. So, if you are a creator with a game-changing NFT use case, a novel strategy for community-building, or possess exceptional intellectual property, now might be your moment.

We’re excited to announce the launch of our $1,000,000 Creator Fund #onPolygon 💜
This program will help the next generation of creators build in the ecosystem as they work alongside our team of industry veterans and advisors.
Click the link below to apply 👇 pic.twitter.com/wu0sFOtFIv
— Magic Eden on Polygon 💜 (@MEonPolygon) August 17, 2023

Application Process and Criteria

For those keen to seize this opportunity, applications opened at 1:30 pm EST on August 17. However, the application is not merely a formality. Creator-applicants must furnish crucial details about the project’s vision, the funding they seek, and their preliminary efforts to foster a community. Such data is vital for the fund’s committee to make an informed decision. Magic Eden state that all team information will be kept strictly confidential.

Benefits for the Selected Projects

Magic Eden says those selected will gain more than just financial backing. They will be ushered into the world of Magic Eden’s Launchpad resources. They will intertwine with the Polygon ecosystem’s developer and support groups. Additionally, the collaborative might of an extensive Web3 network will be at their disposal. The support will span mentorship, marketing assistance, technological backing, ecosystem networking, and the provision of grant dollars to expedite the project’s journey to the market.

Source Magic Eden

A Step Towards a Brighter NFT Future

In the previous year, the NFT community witnessed the introduction of Polygon on Magic Eden. This move was a testament to their commitment to a future that embraced multiple blockchains. Recognizing that each chain comes with its distinct audience, thesis, and objectives concerning NFTs, it’s evident that Magic Eden values diversity in the blockchain landscape.

This new initiative by Magic Eden, while significant on its own, also holds 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 edge of this new era, ventures such as these promise not only to bring more individuals into the world of NFTs but also to expedite the adoption rate of Web3 across the board.