Blockchain-based company StreamCoin has announced ‘Love STRMNFT’, a creative competition with $10,000 prize money in the form of STRM and GSTRM.
The competition, which is now accepting entries, follows StreamCoin’s successful launch of its STRMNFT marketplace on May 31st 2022.
Love STRMNFT is facilitating a new wave of creativity, as they invite all artists, creators, and other community members to post a photo or video representation of their support for STRMNFT.
In total, 31 participants will receive a share of the prize pool, with one winner scooping up $5,000 worth of STRM and GSTRM — the two native coins in the StreamCoin ecosystem.
Applicants are permitted to freely unleash their creativity and artistry upon the content, with the deadline for entries on June 30th at 23.59 GST.
To enter the Love STRMNFT competition, requirements are as follows:
- Sign up on the STRMNFT marketplace.
- Follow STRMNFT’s Twitter, and Like & Retweet the challenge post.
- Tweet a photo/video showing your ‘Love for STRMNFT’ with the #loveSTRMNFT hashtag.
STRMNFT marketplace is now open for registration, at no charge, enabling users to mint their videos as non-fungible tokens (NFTs).
Ushering in a new era of content creation and peer-to-peer ownership, StreamCoin has offered free minting until July 2022.
Indeed, STRMNFT runs off its own blockchain, Stream Chain, which is StreamCoin’s first mainnet release.
The Stream Chain network has the capacity to process over 300,000 transactions per second and prides itself on a user-friendly interface, which allows users a smooth transition between Web2 and Web3.
StreamCoin’s CEO Michael Ein Chaybeh said: “As per our approach towards developing an ecosystem from user to tech, we designed STRMNFT to be an easy-to-use marketplace and an open space for all types of users.”
He continued: “With our platforms and services, we aim to draw the line between the crypto enthusiasts and the modern Web 2.0 users who have not experienced blockchain or crypto before.”
With STRMNFT, influencers, creators, and other users can enjoy various utilities such as one-click minting, NFT auctions and trading, video NFT playlists and advanced NFT categories.
Additionally, STRMNFT facilitates content creation which is fast and energy efficient, utilizing its own NFT standard, NSTA_602.
As pioneers in the NFT space, StreamCoin has developed a new method of minting called Proof of Deed (PoD), which makes the process of verifying videos smooth and fast, without burdening the blockchain network.
CEO Michael Ein Chaybeh added: “As we observe how the earth is being consumed every day by operating high-capacity servers, power-consuming blockchain networks, and other high carbon-emission platforms, we came up with a replacement, responsible, eco-friendly solution that does not compromise the speed and efficiency, and at the same time, contributes to a far better future for our planet.”
Recently, TNC Group, one of StreamCoin’s partner companies, minted a collection of 10,000 Lady Apes, inspired by the legendary Bored Ape Yacht Club collection.
You can witness the novel collection of Lady Apes now on the STRMNFT marketplace.