Magic Eden launches $1 million fund to foster blue-chip Polygon NFT collections
Solana’s premiere market Magic Eden has launched a $1 million fund for creators constructing on the Polygon blockchain.
Customers might apply to win funding for his or her Polygon-based web3 challenge, and chosen events will acquire Magic Eden’s mentorship, advertising help, tech assist and grant {dollars} to convey their challenge to market, Magic Eden wrote in an announcement. The objective is to assist bolster a blue-chip NFT presence on Polygon, a blockchain greatest identified for web3 gaming.
“The bear market has been tough for everybody,” Magic Eden wrote. “That’s why we’re encouraging builders within the ecosystem to search out and assist the perfect and brightest challenge founders who will spark the subsequent wave of NFT adoption.”
Tasks are chosen based mostly on uniqueness, scalability and the flexibility to “problem the standing quote of the NFT panorama.”
Magic Eden’s Polygon presence
Although initially based on Solana, Magic Eden made main strikes inside the final 12 months to construct extra of a presence on Polygon.
Magic Eden first added Polygon NFT assist in November of 2022 earlier than including Polygon NFT minting and buying and selling capabilities for gaming a month later.