Summ3r on Sui Launches to Empower Creators to build NFT Businesses
TL;DR
- Summ3r on Sui is an accelerator type growth program that aims to support NFT businesses building on Sui
- Accepted teams will have access to Summ3r’s entire network of Web3 experts
- All graduating teams that meet the program milestones will receive a $50,000 grant from Sui Foundation
Summ3r, the Ecosystem of Growth, today announced its new NFT Growth Program aimed at supporting entrepreneurs to build high-quality startups with a focus on NFTs. Built on Sui, a network uniquely suited to the development of the next generation of digital assets, this comprehensive program provides unparalleled access to industry experts, insights, and resources. By equipping companies with this knowledge, we ensure they are positioned at the forefront of growth and success in the rapidly evolving NFT domain.
NFTs have opened up unprecedented avenues in art, collectibles, and digital ownership, offering creators increased control over their work and profits from it. However the potential for Web3 to transform app and product development remains largely untapped. Capital investment has dropped significantly in 2023 despite many projects having strong communities and innovative ideas. However, Summ3r expects businesses that understand the power of NFTs — creativity, community, and loyalty — will be able to succeed in the long run. Startup founders from across industries such as AI, gaming, social media, commerce, and much more will find a home in this program.
“After two years of planning and iterating, we are excited to launch a completely new approach to startup growth. Summ3r will bring more access and knowledge to Web3 entrepreneurs and help them build sustainable businesses. We are curious to see which startups out there will come up with the most innovative ideas and solutions to industry and real world problems”
J. Lindquest, CEO & Co-founder of Summ3r
In partnership with Sui, the “SUMM3R on Sui — NFT Growth Program” is poised to enable entrepreneurs to think of NFTs as much more than static images, and build business that can facilitate the value of community growth and engagement attached to them. On Sui, assets are composable and dynamic, allowing them to evolve with time without losing historic data, a key feature to unlocking new business opportunities.
“Sui’s object-oriented architecture and groundbreaking network primitives like Sui Kiosk move NFTs beyond mere collectibles and empower developers to find new use cases for these unique digital assets. We are proud to support the Summ3r NFT program on Sui and truly excited to see the next generation of tools and communities that will come from the builders it incubates.”
Adeniyi Abiodun, Co-founder & CPO of Mysten Labs, original contributors to Sui.
The “SUMM3R on Sui — NFT Growth Program” focuses on Access and Collaboration, starting with a tailored 6-week program for each participating startup. These weeks will feature over 20 live sessions, AMAs and panel discussions with Web3 industry experts and mentors focused on business scaling, strategy, marketing, community engagement, tech development, Sui landscape / dynamic NFTs, partnerships and fundraising. At the end of the program graduating companies will receive a grant from Sui Foundation in the amount of $50,000 per team. They will also have the chance to present to a selected panel of significant Web3 VCs and funds. Upon completion, startups will receive 6 months of post-program support, including mentorship and introductions to investors, exchanges, and technology partners.
Any Web3 company that is exploring NFTs as part of their business model is eligible to apply for the program. Companies that already have achieved early milestones such as creating a minimum viable product, built a community, or showing traction in the market will have a better potential to be accepted.
Interested projects should visit the SUMM3R on Sui — NFT Growth Program website to learn more and apply.
About Summ3r
Summ3r is an Ecosystem of Growth that leverages its network of entrepreneurs, builders and investors, in combination with industry leaders as mentors and coaches, to establish growth in the Web3 industry. Summ3r is deeply rooted in Web3 fundamentals, aiming to amplify the technological impacts, not only in developed countries but also drive innovation and value, in regions like Africa, Latam and South East Asia. They bridge Web2 and Web3 by understanding the opportunities and struggles of the Web3 industry. Learn more: https://www.summ3r.io/
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivalled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io
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