NFT Challenge mission for the Telos blockchain

The competition aims to invite artists to bring their NFT projects (ERC 721 and ERC721a) to launch on Telos EVM and then sell on an NFT Marketplace

There are hundreds, if not thousands of blockchains. The number will continue to grow as blockchain technology is adopted and adapted to new use cases. Over time, there could be hundreds of thousands or millions of chains in the same way that there are so many computer networks in the world today. There are four main types of blockchain networks: public blockchains, private blockchains, consortium blockchains and hybrid blockchains. Each of these platforms has its pros, cons, and ideal uses. Public projects with their own “native” coins usually have their own blockchain. Examples are Bitcoin, Ethereum, Litecoin, Dash, Zcash, Monero, Dogecoin, Decred, Horizen, DigiByte, Ravencoin, Tezos, etc. These are all separate blockchains. Private blockchains generally do not have tokens, as they are funded by companies and their partners who run these chains to support their core businesses.

Many projects do not run on their own blockchain, but on another on which they are built, usually on smart contract platforms. ERC-20 tokens, for example, run on Ethereum. This includes BAT, Decentraland, ChainLink, DAI, USDC, Enjin, Aragon, etc. They all run on the public Ethereum blockchain. It then becomes essential for blockchains to make themselves known, hackathons, contests, incentives… in order to launch the uses of a community, which is what Telos is doing with the NFT Challenge mission.

Blockchain bones is a smart contract platform that offers compatibility with Solidity, Vyper, and Native C++ smart contracts. Telos provides full EVM/Solidity support with low-cost, zero-execution fixed gas fees and offers a path to zero-cost transactions through its strong native support for C++ smart contracts. Even operating as a Net Zero blockchain, Telos still sustainably supports hundreds of millions of transactions per day, produces blocks at 0.5 second intervals (first in, first out, eliminating front-end operation on the network), and securely validates transactions through a neutral, globally decentralized producer network.

Mission NFT Challenge

It’s a competition for creators offering a very attractive prize pool to be shared between the winners of the competition. Telos believes that NFTs are both an art form and a pivotal technology that should be easily affordable and accessible to the masses. As such, Telos strives to facilitate the lowest barrier of entry into the emerging field of NFTs. Using, the latest leading NFT marketplace to integrate with Telos, end users will be able to mint and trade their NFTs at unprecedentedly fast speeds while enjoying the lowest gas fees in the industry. The Telos EVM will also provide a congestion-free minting experience that leaves no carbon footprint or none of the front running/MEV that constantly plagues Ethereum users.

Additionally, contract deployment is a fraction of the cost and significantly faster on Telos compared to virtually any other network, making it a far superior ecosystem to rely on. Transactions are instant on Telos!

The competition

  • the competition opened registration on Monday, May 9, and participants can submit their projects by Friday, June 24, 12:00 p.m. EST.
  • Public voting on submissions will take place between Monday, May 23, 12:00 p.m. EST and Thursday, June 30, 12:00 p.m. EST.
  • Twenty finalists will be announced on Friday, July 1 at 12:00 p.m. EST and the top five winners will be selected and announced on Tuesday, July 5 at 11:00 a.m. EST.
    Telos encourages all aspiring digital artists and NFT projects to enter this competition to win one of 5 prizes worth 25,000 TLOS each. Additionally, a pick from The Big Gooey, Telos’ in-house NFT curator, will reward a winner with an additional 50,000 TLOS.
  • The contest and voting will be hosted on the Taikai platform (also built on telos), which recently completed a very successful hackathon for the Telos Ignite contest. The public will vote on all submissions to select the top 20 projects, after which a panel of judges will decide the top five.
  • This premier NFT competition invites artists to bring their NFT projects (ERC 721) and deploy them to tEVM where they can be minted for sale on the Byt Market or other secondary markets.

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NFT Challenge mission for the Telos blockchain

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