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 different 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 unprecedented assembly of minds.
Magic Eden launches $1 million hackathon
Magic Eden is an extremely modern and inventive platform. Far 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 attain a typical purpose.
The most recent hackathon by Magic Eden offers a novel alternative for folks concerned within the ecosystem to enhance how the platform works.
Hackathon will supply a spread of grants
Considerably, Magic Eden will even 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 group 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 imposing royalties, disincentives for bypassing royalties, or different monetization fashions, we wish to speak to you.”
Lastly, to this point, not less than seven judges have been introduced. Extra particulars will comply with in regards to the hackathon occasion within the coming weeks.
Not too long ago, the Magic Eden platform has additionally confirmed to its group that it’s enabling optionally available creator royalties for customers. This has prompted huge controversy in the neighborhood, with many calling it unfair to artists and creators.