Magic Eden Announce a $1M Creator Monetization Hackathon

Magic Eden, one of many main Solana NFT marketplaces, has introduced an unimaginable 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 permit creators and ecosystem companions the liberty to work in an open and artistic setting. Moreover, a number of judges have signed up for the occasion, which guarantees to be a unprecedented assembly of minds.

Image of Magic Eden logo with colourful background, hackathon.
Well-liked NFT market Magic Eden is launching a $1 million hackathon.

Magic Eden launches $1 million hackathon

Magic Eden is an extremely modern and artistic platform. Way more than an NFT market, it is usually 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 standard aim.

The most recent hackathon by Magic Eden gives a singular alternative for folks concerned within the ecosystem to enhance how the platform works.

Hackathon will supply a variety of grants

Considerably, Magic Eden will even supply grants and publicity to these taking part within the hackathon.

In an announcement on their web site, Magic Eden stated, “We are going to work with the neighborhood to offer 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 wish to speak to you.”

Lastly, to this point, at the very least seven judges have been introduced. Extra particulars will observe in regards to the hackathon occasion within the coming weeks.

Not too long ago, the Magic Eden platform has additionally confirmed to its neighborhood that it’s enabling non-obligatory creator royalties for customers. This has induced huge controversy in the neighborhood, with many calling it unfair to artists and creators.

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