What is Opensea Ecosystem Grant?
OpenSea, a leading marketplace for non-fungible tokens (NFTs), has announced two new community investment programs: Ecosystem Grants and OpenSea Ventures. These initiatives aim to support creators, teams, and emerging technologies that are advancing the global growth of web3 and NFTs.
OpenSea Ventures is a new investment arm that supports the next generation of founders in building protocols, companies, teams, and ideas that will power the future of open web3 economies. It is led by OpenSea co-founder Alex Atallah. The focus of OpenSea Ventures is on four main themes: the continued shift to a multichain world, creating and supporting NFT-related protocols, social and gaming projects serving as distribution mechanisms for crypto and NFT elements, and the emergence of NFT aggregators and analytics supporting activity on OpenSea and other NFT marketplace platforms.
OpenSea Ventures offers strategic capital, backed by resources and connections across global partners. Teams will have direct access to OpenSea leadership, access to strategic and venture partners, assistance with NFT security and improving NFT standards, guest blog posts on opensea.io/blog, and connections with leading NFT creators and OpenSea Ecosystem Grant recipients.
Grant size:
Varies on grant type
Founded:
2012
Location:
New York, USA
Token:
–
Website:
opeansea.io
Opensea Ecosystem Grant Grant Program
The Ecosystem Grants program is aimed at elevating creators, developers, and passionate community members working to enrich and expand the NFT ecosystem. The grants are intended to kickstart community ideas and provide ongoing financial support to initiatives that have the potential to expand web3 and the NFT universe. The grants will be allocated across three main categories: usability and tooling, community education, and accessibility and inclusivity.
The review and distribution of grants will be through a rolling selection process, considering project scope and relevance, potential impact, team composition, long-term sustainability, and speed. The ambition is to make the review process as transparent and interactive as possible.
OpenSea is building toward a future in which creators and communities are empowered to achieve economic independence in a new digital economy. The introduction of OpenSea Ventures and Ecosystem Grants programs is a step towards forging deeper, more collaborative relationships with the community of Web3 and NFT builders.
Application Process
OpenSea Ventures: This is OpenSea’s new investment arm supporting the next generation of founders building protocols, companies, teams, and ideas that will power the future of open web3 economies. To apply, you would need to align with OpenSea’s core operating principles of trust, inclusivity, and choice, and focus on one of their four main themes: the continued shift to a multichain world, creating and supporting NFT-related protocols, social and gaming projects serving as distribution mechanisms for crypto and NFT elements, and the emergence of NFT aggregators and analytics supporting activity on OpenSea and other NFT marketplace platforms. For more information about OpenSea Ventures, you can visit the provided link in the article.
