Just recently, Sound Ventures has made a huge announcement for the NFT enthusiasts. Sound Ventures is prominently known as a venture capital fund whose members are musicians, celebrities, and quite prominently, a billionaire.
It has been revealed that Sound Ventures has launched a competition for NFT enthusiasts. The venture has announced that the program will be offering a minimum of $1 million for the selected candidates. The program will be for NFT enthusiasts/developers who will come up with the most innovative idea for NFTs.
The announcement around the launch of the program was made on Monday, April 5, 2021. During the program, the NFT enthusiasts will be able to present their ideas and innovations around NFTs.
The announcement also suggests that the program/competition is open for anyone who has an innovative idea around NFTs. The program is open to anyone whose idea and thinking can make the NFT industry more adaptable and convenient for the users.
The announcement also has the deadline for participation, which is until April 12, 2021. The people with ideas around NFT will have to turn up before eight judges and present their ideas. They will have to make them as comprehensible and understandable as possible.
The enthusiasts are asked to participate even if they have more than pitches to present or even if the products are already being practice in the market.
This is the perfect chance for those who have their own ideas around NFTs or have better solutions to make the already existing NFT industry more effective, profitable, and adaptable.
Sound Ventures has also confirmed that the winners of the competition will also have their hands on more than just the prize money. They will also have the opportunity to share their ideas and collaborate with Sound Ventures into making the NFT industry more adoptable.
The announcement from Sound Ventures has also made it clear as to what kind of talent they are looking for. The firm has revealed that the participants must be determined and ready to go the extra mile into the NFT sector. It stated that in the long run, the participants must be willing to build and run their own companies.
The initial round for the submission of the ideas and proposals will be until the 12th of April 2021. From the submitted proposals, the judges will be selecting 30 lucky candidates. These 30 participants will be able to present their ideas and innovations during the private pitch sessions. These pitch sessions will be conducted in the presence of eight judges on April 21, 2021.
The announcement has revealed that the co-founders of the Sound Ventures will be judging the contest. Names of the co-founders include Linda Xie, MetaKovan, Whale Shark, 3LAU, Snoop Dogg, Mark Cuban, Guy Oseary, and Ashton Kutcher.