Magic Eden Announce a $1M Creator Monetization Hackathon
Magic Eden, one of many main Solana NFT marketplaces, has introduced an unbelievable one-million-dollar hackathon. The Creator Monetization Hackathon is a mind-blowing alternative to develop long-term and impactful options for royalty enforcement and various enterprise fashions. To make clear, the hackathon will enable creators and ecosystem companions the liberty to work in an open and inventive atmosphere. Moreover, a number of judges have signed up for the occasion, which guarantees to be a rare assembly of minds.
Magic Eden launches $1 million hackathon
Magic Eden is an extremely progressive and inventive platform. Way more than an NFT market, it’s also shaping the way forward for the Solana blockchain. One of many methods it helps to drive the area ahead is thru hackathons. A hackathon is a social coding occasion for these unfamiliar with the time period. Moreover, it permits folks to work collectively to realize a typical objective.
The newest hackathon by Magic Eden supplies a novel alternative for folks concerned within the ecosystem to enhance how the platform works.
Hackathon will provide a spread of grants
Considerably, Magic Eden may even provide grants and publicity to these taking part within the hackathon.
In an announcement on their web site, Magic Eden stated, “We’ll work with the neighborhood to supply grants for these options and provides them publicity. Do you have to be engaged on any options, together with protocol-level royalty enforcement, collector incentives for implementing royalties, disincentives for bypassing royalties, or various monetization fashions, we need to speak to you.”
Lastly, to date, a minimum of seven judges have been introduced. Extra particulars will comply with in regards to the hackathon occasion within the coming weeks.
Lately, the Magic Eden platform has additionally confirmed to its neighborhood that it’s enabling elective creator royalties for customers. This has induced large controversy locally, with many calling it unfair to artists and creators.