How To Unlock Match Funding
Buy cultural Artifacts from projects you love to unlock match funding from our sponsors. The more Artifacts you buy, the more match funding is awarded to your favorite projects. And the project that sells the most Artifacts wins our prestigious Artizen Prize.
FAQs
How do projects qualify for match funding?
When projects submit to the Artizen Fund they must qualify for at least one of our sponsored Match Funds. Each Match Fund has their own eligibility requirements. And only projects curated for our Official Selection receive match funding.
How much match funding is awarded?
Throughout each season, Artizen increases the total amount of pooled Match Funds by at least 1 ETH for every 100 Artifacts sold across all projects in competition. Depending on the strength of our Official Selection and health of our community fund, Artizen may elect to commit significantly more. At the end of the season, Match Funds are awarded proportionally to each project based on their percentage of the total Artifacts sold.
For example, let’s say that in a given season there were 1,000 Artifacts sold across all projects in competition and 100 ETH in the pooled Match Fund. At the end of the season 20% of the pooled Match Funds (20 ETH) would be awarded to winner of the Artizen Prize. The remaining 80% of the pooled Match Funds (80 ETH) would be awarded proportionally to each project based on their split of the Artifact sales.
Here's how the math would play out for the top three projects:
1ST PLACE: Project sells 521 Artifacts (52.1% split)
Artifact Sales = 5.21 ETH
Match Funding = 41.68 ETH
Artizen Prize = 20 ETH
TOTAL FUNDING = 66.89 ETH
2ND PLACE: Project sells 386 Artifacts (38.6% split)
Artifact Sales = 3.86 ETH
Match Funding = 30.88 ETH
TOTAL FUNDING = 34.74 ETH
3RD PLACE: Projects sell 93 Artifacts (9.3% split)
Artifact Sales = 0.93 ETH
Match Funding = 7.44 ETH
TOTAL FUNDING = 8.37 ETH
Where does the money come from?
The money for match funding and cash prizes comes from our sponsors. We partner with top organization like Microsoft and the Cannes Film Festival to launch match funds that support the people, projects, and causes most important to their communities. Additionally, project funding comes directly from Artifact sales.
Sponsor the Artizen Fund