![Why Ethereum [ETH] address outflows may be headed for DeFi](https://cryptonoiz.com/wp-content/uploads/2023/03/AMBCrypto_An_image_of_a_stylized_Ethereum_logo_with_arrows_poin_22f2aeff-c7bb-4c7d-aec7-547a37a35e82-1-1000x600-360x180.jpg){kind=logo}
Magic Eden, one of many main Solana NFT marketplaces, has introduced an unbelievable one-million-dollar hackathon. In a tweet, they dropped hints concerning the occasion. Formally, the Creator Monetization Hackathon, it’s a mind-blowing alternative to develop long-term and impactful options for royalty enforcement and different enterprise fashions. Principally, the hackathon will permit creators and ecosystem companions the liberty to work in an open and artistic atmosphere. 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 is usually shaping the way forward for the Solana blockchain. One of many methods it helps to drive the area ahead is thru hackathons. A hackathon is a social coding occasion for these unfamiliar with the time period. Moreover, it permits folks to work collectively to attain a typical aim.
The most recent hackathon by Magic Eden offers a novel alternative for folks concerned within the ecosystem to enhance how the platform works.
Hackathon will provide a spread of grants!
Considerably, Magic Eden can even provide grants and publicity to these taking part within the hackathon.
In an announcement on their web site, Magic Eden stated, “We are going to work with the neighborhood to offer grants for these options and provides them publicity. Must you be engaged on any options, together with protocol-level royalty enforcement, collector incentives for imposing royalties, disincentives for bypassing royalties, or different monetization fashions, we need to discuss to you.”
Lastly, to date, no less than seven judges have been introduced. Extra particulars will comply with concerning the hackathon occasion within the coming weeks.
Not too long ago, the Magic Eden platform has additionally confirmed to its neighborhood that it’s enabling optional creator royalties for customers. This has brought about huge controversy locally, with many calling it unfair to artists and creators.
