Avalanche Creator Fund
The Avalanche Creator Fund is a partnership between Avalanche Foundation and web3 social media platform Op3n. This fund is a $100 million initiative for creatives to build projects on Avalanche as the blockchain network grows its profile with non-crypto natives.
Named the Culture Catalyst initiative, the first of these funded projects — paid out in the network's native token AVAX — will go towards musician Grimes. The singer, who previously sold $6 million worth of NFTs, plans to create an "intergalactic childrens' metaverse book" which she hopes can follow in the footsteps of the acclaimed Studio Ghibli film My Neighbor Totoro.[1]
Overview
Launch Date: March 25, 2022
Total Funding Allocated: $100M mentioned but not sure if that amount was based on value of AVAX at time of initial announcement
Total Funds Distributed to Date (if available): not disclosed publicly
What Asset(s) are the funds paid out with (native token versus $USD, for example): AVAX
Where funding is tracked: not disclosed publicly
Area(s) of Focus
Primarily mainstream adoption of NFT's. The initiative is committed to financing NFT projects in Culture: Musicians, Filmmakers, Digital Artists, And Creators across the world to build on Avalanche and launch on OP3N.[2]
Governance
Allocations are at the discretion of Avalanche Foundation, Ava Labs and Op3n
How to Apply
You can find how to apply on Op3n site here