Massive Financing Boost from Elegoo's Creator Fund Reimagines 3D Designing Landscape
Elegoo, a leading hardware manufacturer, has announced the launch of a creator fund for their new Nexprint platform, a move that could revolutionize the 3D printing industry. The fund, worth $1 million, is spread over a year and is designed to reward original 3D designers and modelers who submit their creations to Nexprint.
Key details and benefits of the fund include:
- Upfront Payment: Creators receive $5 immediately for every approved original design uploaded, rather than waiting for sales commissions.
- Bonus Rewards: Exceptional designs earn an additional $5 plus featured placement on the platform for priority exposure.
- No Exclusivity or Submission Limits: Designers can upload freely without exclusivity clauses, meaning they can still sell their work on other platforms like CGTrader or TurboSquid. There is also no monthly limit on how many designs can be submitted, encouraging prolific creators.
- Monthly Refreshing Pool: The reward pool is replenished monthly, with funds distributed on a first-come, first-served basis. The initial phase launched on August 9th and will run until August 31st, 2025, with monthly renewals thereafter.
- Referral Incentives: A tiered alliance reward system allows creators to earn up to $100 per month by inviting and mentoring other creators to join and contribute to Nexprint, fostering platform growth and community building.
- Long-term Collaboration Opportunities are available for outstanding creators, offering potential ongoing support.
Nexprint's one-click printing capabilities are designed to eliminate friction between finding a model and actually printing it. The platform's open-source philosophy and focus on print-ready files differentiate it from competitors. Elegoo, with over 1,000 employees and nearly 30,000 square meters of manufacturing facilities, is an established player in the hardware market.
This initiative could democratize design by making it financially viable for more creators to contribute, potentially leading to more diverse and innovative content. For the 3D printing ecosystem, this initiative could be a significant investment in creators, a need that has been long-standing in the community. Elegoo might have just cracked the code for direct investment in creators in the 3D model space.
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