Thursday, June 1, 2023

NAGAX Discloses $100k NFT Creator Fund


Before the formal debut of its planned NFT marketplace, NAGAX has announced the launch of its $100,000 non-fungible tokens (NFT) Creator Fund.

According to the team, the fund intends to make it easier for digital artists and content creators to launch their NFT ventures. The application is still open and will close on July 31, 2022.

$100k NFT Creator Fund

NAGAX is a decentralized social cryptocurrency trading platform developed by a publicly traded German fintech company. Furthermore, a $100,000 NFT Creator Fund has established. Its goal is to level the playing field in the digital art world for both large and small creatives.

On the other hand, the application period for potential participants began on May 1 and will end on July 31, 2022. Everyone has plenty of time to submit their applications. They may be eligible for a portion of the $100,000 fund in the form of project launch and marketing assistance.

Notably, the team has stated that the recently announced NAGAX NFT Creator Fund prepares the ground for the next NAGAX NFT marketplace. It’s an all-in-one NFT platform that brings the social value of real-world interaction into the virtual realm. NFT creators who join in the creator fund program will have their work featured on the future NAGAX NFT marketplace.

Open to All

The fund is open to artists, creators, and everyday people who want to start their own NFT collection, according to the team. These participants will have unrestricted access to a wide pool of potential buyers.

Additionally, participants can submit their NFT project proposals/portfolios if they are interested. The NAGAX staff will contact them through email after their application successfully submitted. This will allow them to finish the NAGAX app application process.

NAGAX said it will contact the most innovative applicants via several communication methods after the application time has ended. Email, the NAGAX feed, and the company’s official social media profiles are all included. Moreover, on August 10, 2022, the chosen creatives will formally announce, and their prizes will present to them.

The NXNFT Marketplace will offer selected artists and creators the opportunity to debut their collection. It’s NAGAX’s own blockchain platform that lets users mint and trade NFTs for free. Creators can set their own royalty fees, sell via auctions or at fixed pricing, and export their work to Ethereum-based wallets like as MetaMask.

The chosen artists will also include in NAGAX’s external internet promotion materials, social media channels, and website. According to the team, the selected collection will promote in its community, NAGAX feed, and NAGAX NFT platform feed. The promotion will begin 30 days after the participant accepts the prize and will last until the budget amount depletes.

Moreover, NAGAX has indicated unequivocally that the NFT owners will retain full ownership of their works. It also applies to the money raised from the selling of their NFTs.

Learning More about NAGAX

NAGAX, which launched in 2022, provides customers with simple and comprehensive crypto trading and copy trading tools. It allows its ecosystem members to mimic the trades of experts and influencers.

Moreover, to sign deals posted on the platform as NFTs, NAGAX uses a globally unique signature method driven by the NAGA Protocol. Copy traders pay a charge to access the ‘trade NFT’ signals, which sends to the creators’ wallets automatically.

Jacob Yang
Jacob Yang
Jacob Yang works at Cryptoconstellation as a writer. He has been working in finance for the past 6 years. Jacob loves sharing news about the cryptocurrency world and he, himself has invested in a few. Jacob enjoys travelling and finding the best restaurants wherever he goes.

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