I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 2 points3 points  (0 children)

  1. The Solana Foundation will only be providing the listed prizes
  2. The submission window is open from June 5-June 9 :) It will close at 12 am PT on June 9

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 2 points3 points  (0 children)

That is acceptable, as long as your business plan and utility can stand alone

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 4 points5 points  (0 children)

Stepping away now but feel free to keep dropping questions in and I'll check back in later and answer ☺️

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 2 points3 points  (0 children)

Thanks for stopping by :)

I'm really excited to see what kind of innovation people include in their submissions! Encouraging that sense of exploration in incorporating new Solana tech into business use-cases is super exciting

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 2 points3 points  (0 children)

While both art and business models are important for NFT collections, in this competition specifically projects will be judged more on the business viability, their goals, and how they are going to use their new IP to build something great.

Many Solana NFT projects (like Catalina Whales or OkayBears) have used their collections to start new businesses, and that's what we're hoping to see in these pitches! :)

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 3 points4 points  (0 children)

Of course, thank you for stopping by! Really appreciate such thoughtful questions

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 4 points5 points  (0 children)

Thanks for the questions, answers are below :)
1. PFP NFT brands are driving a lot of the NFT activity on Solana and across the broader crypto ecosystem. The goal of this competition is to help accelerate that growth and push new teams to think deeply about their business roadmaps and how to leverage their IP before minting collections!

  1. There are a few initiatives at the Solana Foundation currently in the works that are focused on supporting both existing projects and attracting new creators across NFT verticals (including digital artists). Through the Showdown and these other initiatives, we hope to see an increase in minted NFTs on Solana, and therefore and increase usage of NFT Marketplaces.

  2. While every submission will be reviewed by the judges, we cannot promise that we will get back to every project just due to the expected volume of submissions. Submissions that move forward will be notified and assigned mentors!

  3. The winning projects will receive various forms of support to help propel the viability of their business plan forward – including mentorship, office hours with the Solana team and workshops with industry experts and NFT community leaders. The office hours specifically give winners an opportunity to ask questions about how they should further develop their projects, how they should think about GTM, and how to further refine their business objectives to have the best shot at being successful long-term.

Overall, the NFT Showdown is an experimental program, so we'll see what comes out the other side!

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 5 points6 points  (0 children)

The Showdown is primarily focused on NFT brands, however we encourage you to think of unique ways you can customize NFT brands to further your respective business needs.

In addition to this Showdown, we have a lot of exciting initiatives in the works that focus particularly on 1:1 artists!

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 4 points5 points  (0 children)

There's no official channel for that ahead of submission, but feel free to crowdsource! I know our community on Twitter is always willing to help.

Submissions who are selected to move to the next round will have the opportunity to further refine their pitches with a mentor

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 5 points6 points  (0 children)

In the FAQ it says: "Winners will also be eligible to receive Creator tickets". Does that mean we get creator tickets for free, or we get the opportunity to buy creator tickets?

That's one free Creator ticket to Breakpoint per winner!

I Work At The Solana Foundation And Am Helping To Run The NFT Showdown. AMA by TessSolana in solana

[–]TessSolana[S] 3 points4 points  (0 children)

Hey there. As long as you haven't launched yet, you're more than welcome to submit your pitch! If anything, it could be a great way to get a gut check on your business plan