Mark Cuban’s Fireside entertainment platform and blockchain network SKALE launched a massive $100 million ecosystem fund yesterday. The “Creatives Unleashed” award initiative seeks to encourage a new generation of creators to transition to Web3.
Fireside and SKALE will launch a funding initiative called “Creatives Unleashed.”
The collaboration between Fireside and SKALE aims to provide experienced creators a boost in making their initiatives a reality. These creators will be able to build networks on Fireside thanks to SKALE ecosystem grants and Fireside’s new Web3 content studio.
These one-of-a-kind networks, which will have NFT-powered memberships, will enable creators to communicate with their fans in whole new ways. As a result, they will be able to share their work and communities on Web3.
Not to add, the award program would assist them in exploring new business models and prospects. As a result, SKALE and Fireside see the funding program as an opportunity to build a true Web3 content platform. As a result, the entertainment industry’s future is shown.
“We’re creating and helping kickstart an entirely new category for professional creators that focuses on not only owning their work, but on enabling them to engage, interact and monetize en masse without any middlemen,” remarked Falon Fatemi, co-founder and CEO of Fireside.
Furthermore, network members do not need to be crypto-savvy to utilize this new platform. Similarly, creators who are eligible for the SKALE x Fireside program can use SKALE for free NFT minting and transfers. Overall, this makes for a smooth onboarding experience for both creators and viewers.
Certainly, the new fund represents a significant step forward for Fireside. Recently, Fireside unveiled Ramble On, its first NFT TV project, in collaboration with Entourage creator Doug Ellin. With the support of SKALE’s eco-friendly network, the platform hopes to solidify its position as an early leader in Web3 content development.
Those interested in joining the Fireside entertainment networks can apply here. Finally, creators can apply for the Creators Unleashed initiative by visiting this page.