Pentas and MDEC Launch RM4 Million Digital Assets Program to Boost Malaysian NFT Development
- Pentas and MDEC launch a program encouraging Malaysian creators to develop NFT posters, potentially evolving into 3D assets.
- The initiative aims to empower new and existing Malaysian digital creators, injecting RM4 million with incentives of up to RM4,000 for the best 1000 participants.
- Open until January 29, 2024, the program welcomes submissions from Malaysians, fostering creativity in the digital content landscape.
Local NFT marketplace Pentas has joined forces with the Malaysia Digital Economy Corporation (MDEC) to unveil the Digital Assets Onboarding and 3D Asset Bundle Programme.
With a dedicated focus on Malaysian-themed digital assets and NFT posters, this initiative aims to encourage creators to tell compelling stories with commercial value, potentially evolving into 3D assets for metaverse platforms.
Today is the day!— Pentas | NFT Marketplace (@pentas_io) December 8, 2023
Join us for a 1-month Digital Asset Onboarding Program designed to advance the Malaysian digital narrative through innovative digital creation⚡
You may claim up to RM4,000 per successful submission.
Don't miss out!#MDECxPentas #Pentascommunity #Pentas pic.twitter.com/g13cgyskDx
Empowering Malaysian Creators
This strategic partnership between Pentas and MDEC signals a substantial commitment to enhancing Malaysia’s digital content landscape.
The initiative aims to empower both new and existing Malaysian digital creators.
RM4 Million Injection for Creativity
MDEC has injected a total of RM4 million into the program, allowing each participant to claim up to RM4,000.
This exclusive incentive is designed for the best 1000 participants actively contributing to the Digital Assets Onboarding and 3D Asset Bundle Programme.
Open Call for Participation
Open since December 8, 2023, and extending to January 29, 2024, the program is inclusive, welcoming all Malaysian citizens and businesses wholly owned by Malaysian nationals.
Participants can submit multiple digital assets/NFTs, with one successful submission claimable, up to a maximum limit of RM4,000.
Creating Visually Appealing Narratives
Participants are tasked with crafting visually appealing character posters for animated films or games, with a focus on expanding storytelling and commercial value.
The theme of the posters should embody and represent the unique story and identity of Malaysia.
Future Development and Incentives
Upon the completion of stage one, successful submissions will progress to the evaluation and selection process for 3D assets bundle development.
A financial incentive of RM20,000 awaits the top 100 submissions in acknowledgment of their contribution to the program’s success.