Magic Eden Launches $1 Million Fund to Boost NFTs on Polygon
To succeed on Magic Eden, projects need to offer unique concepts, scalability, and the potential to reshape the current NFT landscape on Polygon.
Magic Eden Launches $1 Million Fund to Promote NFTs on Polygon
Magic Eden has introduced a $1 million fund dedicated to supporting projects on the Polygon blockchain.
We're excited to announce the launch of our $1,000,000 Creator Fund #onPolygon 💜
— Magic Eden on Polygon 💜 (@MEonPolygon) August 17, 2023
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
Selected projects will be evaluated based on their uniqueness, scalability, and ability to address the current challenges in the saturated NFT market. In addition to financial backing, projects will receive mentorship, marketing support, and technical assistance from Magic Eden. The goal of the fund is to enhance the role of blue-chip NFTs on Polygon.
A representative from the NFT marketplace stated:
"The current market is challenging for everyone. That's why we are supporting the most promising project founders who will ignite the next wave of NFT applications."
Initially, Magic Eden was built on Solana’s infrastructure but began expanding its presence on Ethereum and Polygon last year. Following a $130 million Series B funding round in June 2022, Magic Eden is now valued at $1.6 billion.
