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Finance

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

The Solana Foundation, Audius and Metaplex are trying to get 1,000 creators to start building on Web 3.

By Cheyenne Ligon
AccessTimeIconJul 23, 2021 at 1:01 p.m. UTC
Updated May 9, 2023 at 3:21 a.m. UTC
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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.

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    • Project reps say no creators have been onboarded yet.

    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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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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