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Solana Woos Creators With $5M Fund for Artists and Musicians

The Solana Foundation, Audius and Metaplex are trying to get 1,000 creators to start building on Web 3.

Updated May 9, 2023, 3:21 a.m. Published Jul 23, 2021, 1:01 p.m.

The Solana Foundation and two of the network’s leading platforms are putting up $5 million to lure influencers into the world of Web 3.

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The Solana Creator Fund is being co-launched with music streaming service Audius and non-fungible token (NFT) marketplace Metaplex.

Project reps say no creators have been onboarded yet.

The project is aiming to enlist 1,000 artists and musicians with promises of both financial and technical assistance from the Solana Foundation. The amount of money and type of support provided will vary case by case, said a project spokesperson.

The arms race for creative projects on speedy blockchain networks appears to be heating up. Ethereum scaling project Polygon announced this week the creation of a new blockchain gaming arm.

Audius Solana

Cheyenne Ligon

On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.