Cryptocurrencies

Solana Woos Creators With $5M Fund for Artists and Musicians

The Solana Foundation and two of the network’s leading platforms are putting up $5 million to lure influencers into the world of Web 3.

The Solana Creator Fund is being co-launched with music streaming service Audius and non-fungible token (NFT) marketplace Metaplex.

Project reps say no creators have been onboarded yet.

Related: Coinbase’s Bison Trails Adds Developer Tool for Solana Blockchain

The project is aiming to enlist 1,000 artists and musicians with promises of both financial and technical assistance from the Solana Foundation. The amount of money and type of support provided will vary case-by-case, said a project spokesperson.

The arms race for creative projects on speedy blockchain networks appears to be heating up. Ethereum scaling project Polygon announced this week the creation of a new blockchain gaming arm.

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