NAGAX Unveils Its $100k NFT Creator Fund Ahead of Its Marketplace Launch

by
NFT
NAGAX Unveils Its $100k NFT Creator Fund Ahead of Its Marketplace Launch

NAGAX has announced the launch of its $100,000 non-fungible tokens (NFT) Creator Fund ahead of the official rollout of its upcoming NFT marketplace. The team says the fund aims to make it easier for artists and content creators in the digital art space to launch their NFT projects. The application is ongoing and runs until July 31, 2022.

The NAGAX $100k NFT Creator Fund

NAGAX, a decentralized social crypto trading platform from the stables of publicly-listed German fintech, NAGA, has rolled out a $100,000 NFT Creator Fund to create a level playing field for both big and small creatives in the digital art space.

The application window for interested participants was opened on May 1, and runs through July 31, 2022, giving everyone ample time to submit their applications and stand a chance of getting a share of the $100k fund in the form of project launch and marketing support. 

Notably, the team has made it clear that the newly launched NAGAX NFT Creator Fund paves the way for the upcoming NAGAX NFT marketplace, an all-in-one NFT platform that integrates the social value of real-world interaction into the emerging virtual world. The works of NFT creators who will participate in the creator fund program will also be showcased on the upcoming NAGAX NFT marketplace.

NAGAX Creator Fund Open to Everyone

The team says the fund is open to artists, creators, and regular individuals interested in launching their NFT collection. These participants will have unlimited access to a large community of potential collectors, 

Interested participants can submit their NFT project proposals/portfolios here. Once successfully submitted, the NAGAX team will reach out to them via email to enable them to complete the application process on the NAGAX app.

Once the application period ends, NAGAX says it will contact the most creative participants via various communication channels, including email, the NAGAX feed, and its official social media handles. The chosen creatives will be officially announced on August 10, 2022, with their rewards (marketing and NFT project launch support) given to them.

NAGAX wrote:

“Chosen artists and creators will have an opportunity to launch their collection on the NXNFT Marketplace, NAGAX’s own blockchain platform, allowing users to mint and trade NFTs with zero fees. Creators can set royalty fees, sell in auctions or at fixed prices, while also being able to export their works to Ethereum-based wallets like MetaMask.”

What’s more, the selected artists will be featured in NAGAX’s external online promotion materials, social media platforms, and website. The team says it will also promote the selected collection in its community, NAGAX feed, and the NAGAX NFT platform feed. The promotion will begin within 30-days of the participant’s acceptance of the reward and runs until the budget fund is exhausted.

NAGAX has stated categorically that the NFT owners will maintain the complete rights to their works, as well as the funds generated through the sales of their NFTs.

Launched in 2022, NAGAX is designed to offer users easy-to-use and expansive crypto trading and copy trading features, enabling members of its ecosystem to copy the trades of experts and influencers. NAGAX utilizes a globally unique signature process powered by the NAGA Protocol, to sign trades posted on the platform as NFTs. Copy traders pay fees for accessing the ‘trade NFT’ signals, which are sent automatically to the creators’ wallets.