Sound Ventures, a venture capital fund comprising celebrities, musicians, and a billionaire, are offering at least $1 million for the “most innovative” idea for a nonfungible token, or NFT over the next week.
Announced on April 5, the event invites anyone from around the world to pitch their NFT project to a team of eight judges before April 12. According to the competition page, it doesn’t matter if the pitches are little more than an idea or a fully-fledged product already on the market. The wording also suggests the contest’s winners will have the opportunity to work alongside Sound Ventures long-term.
“Those applying should be interested in building a company over the long-term,” the announcement says.
Working on NFTs? Pitch your idea LIVE to me @guyoseary @snoopdogg @3LAU @WhaleShark_Pro @MetaKovan @aplusk @ljxie. $1,000,000 will be invested to discover/support the most innovative. Apply by 4/12 https://t.co/cE2rb7md04
— Mark Cuban (@mcuban) April 5, 2021
Up to 30 finalists will be selected to partake in a private