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 enable creators and ecosystem companions the liberty to work in an open and inventive setting. Moreover, a number of judges have signed up for the occasion, which guarantees to be a unprecedented assembly of minds.
Magic Eden launches $1 million hackathon
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Magic Eden is an extremely modern and inventive platform. Far 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 house ahead is thru hackathons. A hackathon is a social coding occasion for these unfamiliar with the time period. Moreover, it permits individuals to work collectively to realize a standard purpose.
The newest hackathon by Magic Eden offers a singular alternative for individuals concerned within the ecosystem to enhance how the platform works.
Hackathon will supply a spread of grants
Considerably, Magic Eden may also supply grants and publicity to these collaborating within the hackathon.
In a press release on their web site, Magic Eden mentioned, “We’ll work with the neighborhood to offer grants for these options and provides them publicity. Must you be engaged on any options, together with protocol-level royalty enforcement, collector incentives for imposing royalties, disincentives for bypassing royalties, or various monetization fashions, we wish to discuss to you.”
Lastly, to this point, at the very least seven judges have been introduced. Extra particulars will comply with concerning 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 large controversy in the neighborhood, with many calling it unfair to artists and creators.
The journalist is a writer and digital nomad. Loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.