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Celebrity VC fund commits $1 million to highly anticipated NFT contest

Sound Ventures—a venture capital firm founded by Guy Oseary and Ashton Kutcher, and headquartered in Los Angeles—commits $1 million to an NFT contest due to commence on April 21.

The contest which is presided over by a team of eight notable personalities as judges among whom are American rapper and entrepreneur Snoop Dogg (Calvin Broadas Jr.), billionaire investor Mark Cuban and the two co-founders of Sound Ventures; is aiming to “support the most innovative” idea for an NFT.

An announcement for the competition was made on April 5th, inviting everyone the world over to submit their projects to the judges from the day of announcement through April 12; 30 finalists will then further be shortlisted from the pool of applications and notified on April 16. 

The contest (“NFTs: The Pitch”) which will then commence proper on April 21 will feature a private live pitch session between the 30 finalists and the judges.

The ad as seen on the official Sound Ventures website further noted that the investment amount to be awarded including the terms for awarding it will vary by company. Additionally, not all the projects will receive investment, and participants selected to be awarded are not obliged to accept the investments.

The number of participants to be selected for investment support was not stated, but the commitment as noted previously will amount to $1 million, and, also, “those applying should be interested in building a company over the long-term.”

Seeing as the event is an NFT-themed contest, it is only fitting to include judges who …
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