According to a blog post, The Avalanche Foundation has started a program to encourage non-fungible token (NFT) artists.
According to Avalanche, the Avaissance endeavor will consist of two phases.About fifty digital artists will receive funding, mentoring, and virtual workshop sessions through the initiative’s first component, the Artist in Residence program (AIR).
NFT collections from each artist will be made available on the Avalanche blockchain. As of now, Avalanche has named three mentors: the director of motion graphics Emonee LaRussa, the founder of ALLSHIPS David Krugman, and the chief of staff at Valhalla Ryan Wen.
The Mona Lisa Initiative is the program’s second component, a cooperative digital art curation endeavor. This initiative proposes to distribute NFTs to various DAOs for digital art.
The blockchain will also compile a permanent collection of particular works of art. Digital artists are invited to apply through Avalanche’s official online application form. Applications for the project will be accepted up until April 28, 2023.
NFTs’ Current State On Avalanche
The Ethereum blockchain is currently where the majority of NFTs are produced and traded. This is true despite the fact that many rival blockchains promise reduced costs and quicker transaction times in an effort to provide a more advantageous platform.
According to DAppRadar, the NFT trading volume in January 2023 was $946 million. Ethereum generated $659 million in volume in that month, or 78.5% of all volume.
The blockchain, on the other hand, only accounted for $1.7 million of NFT trading activity in January, or roughly 0.2% of all NFT trading volume. Tezos (XTZ) and WAX (WAX) had volumes that were fairly close to those of Avalanche, while Ronin (RON) and BNB Chain (BNB) experienced volumes that were at least twice as high as those of Avalanche. There were much more trades on other blockchains.
