Magic Eden, one of many main Solana NFT marketplaces, has introduced an unbelievable 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 rare assembly of minds.
Magic Eden launches $1 million hackathon
Magic Eden is an extremely revolutionary and artistic platform. Rather 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 attain a typical objective.
The most recent hackathon by Magic Eden gives a novel alternative for individuals concerned within the ecosystem to enhance how the platform works.
Hackathon will supply a variety of grants
Considerably, Magic Eden may also supply grants and publicity to these collaborating within the hackathon.
In an announcement on their web site, Magic Eden mentioned, “We’ll 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 imposing royalties, disincentives for bypassing royalties, or various monetization fashions, we need to discuss to you.”
Lastly, thus far, at the very least seven judges have been introduced. Extra particulars will comply with concerning the hackathon occasion within the coming weeks.
Lately, the Magic Eden platform has additionally confirmed to its neighborhood that it’s enabling elective creator royalties for customers. This has triggered large controversy locally, with many calling it unfair to artists and creators.