Solana’s first marketplace Magic Eden has launched a $1 million fund for creators building on the Polygon blockchain.
Users can apply to win funding for their Polygon-based web3 project, and selected parties will receive Magic Eden’s mentorship, marketing assistance, technical support and grants to help bring their project to market, Magic Eden wrote in a statement. The goal is to bolster a blue-chip NFT presence on Polygon, a blockchain best known for web3 gaming.
“The bear market has been tough for everyone,” wrote Magic Eden. “That’s why we encourage builders in the ecosystem to find and support the best and brightest project founders who will unleash the next wave of NFT adoption.”
Projects are selected based on uniqueness, scalability, and ability to “challenge the status quo of the NFT landscape.”
Magic Eden’s Polygon Presence
Although originally founded on Solana, Magic Eden has made great strides over the past year to have a greater presence on Polygon.
Magic Eden first added Polygon NFT support in November 2022, before adding Polygon NFT coin and trading capabilities for gaming a month later.