“Shark Tank” themed program will invest $1 million for new NFT project ideas with different celebrities as judges.
Sound Ventures is launching a “Shark Tank” style program to audition NFT project ideas, offering $1 million for the lucky winner.
The judging panel includes Ashton Kutcher and Guy Oseary, they are both co-founders of Sound Ventures, along with Mark Cuban, and musicians like Snoop Dogg and 3LAU.
A $1 Million Prize for the Winner
Similar to Shark Tank, anyone who has an NFT idea can pitch the project to the judging panel. The program will be held virtually on April 21. Aspirants will have to submit their applications until April 12.
The announcement stated that the amounts and terms will vary per company, and not every ideal will receive such an investment. The event will be private, and only applicants will be joining it.
Other two important judges are Whale Shark, a 38-year-old NFT collector who has recently tokenized his vault that contains valuable digital collectibles, and Vignesh Sundaresan, also known as MetaKovan, the anonymous buyer of Beeple’s $69 million NFT sold at Christie’s.
NFTs are Taking the Mainstream by Storm
The NFT movement has expanded and is now calling the attention of wealthy investors, influencers, billionaires and musicians like Mark Cuban, Kings of Leon, Snoop Dogg, and several others.
The National Football League (NFL) stars are also joining the NFT space. The seven-time Super Bowl champion Tom Brady has recently announced launching an NFT platform named Autograph, onboarding advisors from Apple, DraftKings, and Spotify.
What are NFTs and why are they so Popular?
Non-Fungible Tokens are not like crypto-assets for they can only be used to represent ownership of unique items that could be traded on Ethereum marketplaces. NFTs could not be exchanged with another for each item is a unique digital asset.
Decentraland, an NFT-powered virtual world and video game, had been an attractive digital environment for crypto-enthusiast where they can acquire parcels of LAND, and also buy, sell, and auction NFT collectibles with the community. The protocol also discussed a layer-two bridge for MANA token transfers, further enabling the users to move MANA tokens to Polygon and back.
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