NAGAX Launches an NFT
NAGAX, a decentralized cryptocurrency social trading platform, has announced the launch of its ‘NFT Creator Fund.’
Artists, creators, and those who want to start their own NFT collection can apply for the $100,0000 grant. With this fund, they’ll have access to an enormous network of collectors. Participants must register on the NAGAX website between May 1st, 2022, and July 31st, 2022, to submit a project proposal or portfolio.
On August 10th, 2022, NAGAX will announce the winners, and they will each receive a portion of $100,000 in marketing and launch support. To top it all off, winners will also get the chance to showcase their designs on the NXNFT Marketplace. In addition, they can mint and create their collections for free by using NAGAX’s native blockchain platform. The All-in-one NFT marketplace NAGAX NFT, brings the social value of real-world contact into the growing virtual world.
Get up to 100K to help launch your NFT collection with a crypto community of millions. 🤑
Submit your work to get in on the change where art & crypto intersect by Jul 31st.
— NAGAX (@NAGAX_Official) May 6, 2022
In terms of marketing, the promotional activities will begin within 30 days of acceptance of the award and continue for the duration of the budget money. The winning artists will feature on NAGAX’s website and in other online promotional materials, such as social media campaigns. In addition, the winning collections will be promoted to the NAGAX community, the NAGAX feed, and the NAGAX NFT platform feed, among others.
Full Rights to the Artists
The owners of NFTs shall have full rights over their operations. Additionally, the author retains full and unrestricted ownership of any proceeds from the sale of the collection. This is a significant departure from most artist funds, which typically take a portion of an artist’s income and/or claim certain rights over pieces of art.
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