According to a recent announcement, the Solana Foundation has partnered with Metaplex, which helps people launch their own NFT storefronts, and Audius, the decentralized music streaming service.
The team will launch a $5 million fund to create supportive conditions for creators, artists of all kinds, and their fans to enter into crypto space.
A $ $5 million Fund is Coming With the Help of Solana
The Creator Fund is focused on builders, musicians, and other artists who are experiencing ecosystem projects and other decentralized platforms built on Solana.
The fund looks to offer creators categories like music streaming, NFTs, and The Metaverse. Also, creating new fan experiences by allowing the use of permissionless software.
It will support visual artists, musicians, video producers, digital artists, performance artists, streamers, gamers, and other types of creators who are wanting to change the rules of their field.
News Ways to Enter the Crypto Space
In addition to capital, creators are also offered technical support such as the use of crypto user interfaces, token models, and other monetization tools.
The Solana Foundation commented,
“The growth of the creator economy is one of the most exciting developments of the 21st century and is pushing culture forward. We can’t afford to wait for creators to discover what blockchains can do for them. The onus is on the Solana community to bring blockchain to creators. In order to get 1 billion people into crypto, we ourselves must experiment and reach outside our comfort zone to discover what’s possible.”
Audius is a digital streaming tool that will also help the community grow. It connects fans directly with artists and exclusive new music in a fully decentralized way, which makes it special.
To date, the music platform has attracted nearly 5 million monthly active users.
Meanwhile, Metaplex supports artists and brands to make direct relationships with their audiences by launching a NFT store.