Unique Network Launches NFTs 2.0 CodeCraft Grant Fund

Unique Network, initiates NFTs 2.0 CodeCraft Grant Fund, allocating $250,000 to spur innovation in sophisticated NFTs.

The NFTs 2.0 CodeCraft Grant Fund is a new initiative by Unique Network, a blockchain that is built on Substrate that aims to further NFTs. For anyone interested in investigating the possibilities of sophisticated NFTs, the firm has set aside a prize pool of $250,000.

The platform allows users to engage with many types of non-fungible tokens, such as Customizable NFTs, Composable NFTs, Nested NFTs, Dynamic NFTs, Multi-asset NFTs, and Multi-resource NFTs. These tokens will be available to program participants, designers, and developers.

The goal of the award program is to provide developers more agency by supporting their use of Unique Network’s NFT technology to build innovative apps that take advantage of the network’s sophisticated economies.

Unique Network CEO Alexander Mitrovich issued a comment in response to the news, saying: “NFTs have a long way to go.” Powerful NFT utility tools will spearhead the Next in NFTs, while speculative jpegs propelled the previous wave. They have already provide these features in the past year, and now the most forward-thinking entrepreneurs are showing serious interest. We have established this fund to provide NFTs 2.0 to the end user communities by improving NFTs through micro dApps or blockchain capabilities.

The first two recipients of Unique Network’s NFTs 2.0 CodeCraft Grant Fund are DED GAMES and MusicMoon (formerly LoopNFT).

The money will be utilized by DED Games, a free-to-play single-player shooting game, to build their future projects with the help of Unique Network’s Customizable NFTs. Conversely, MusicMoon aims to decentralize artists’ authority over their work and earnings by utilizing advanced NFTs, freeing them from the grip of giant record labels.

“Winning the hackathon was a pivotal moment for MusicMoon, leading to a transformative collaboration with Unique Network,” said Joesp Gracés, Founder of Music Moon. Our shared goals for music and the exciting new opportunities presented by NFTs were sparked during our meeting with their staff. The award is more than just money; it’s a driving force behind MusicMoon’s mission to transform the music industry by empowering artists to own their work, interact with fans directly using blockchain technology, and monetize it in new ways.