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Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus.
According to a report by Bahamas media Eyewitness News, the University of The Bahamas announced the student winners of its Non-fungible token Digital Arts Projects on Oct. 7. Each student receives a prize of $10,000 for their NFT creations.
Three students won awards in the Visual Art category, while two other students won in the Music category.
The project is funded by the Champ Medici Arts Fund Scholarship Award at UB. The collaboration involved Cordell Broadus, son of American rapper Snoop Dogg, and the Tezos(XTZ) Foundation. The award was first established in March 2024 with an initial donation of $100,000.
In an interview with Eyewitness News, one of the students who won in the Music category said that he was able to learn more about NFT technology by participating in the competition.
The CMAF is a $1 million philanthropic fund started by Cordell Broadus in partnership with the Tezos Foundation. Their goal was to support emerging musicians and artists across the globe who want to build and create new creative and cultural works on the Tezos blockchain.
In a report by OurNews media, the CMAF said that the NFT competition was only the beginning of their contribution towards the university’s art and music programs. CMAF and Tezos Foundation will also give educational tutorials, materials and guidance for students on how they can use the Tezos blockchain to mint, market and sell their NFT works.
The joint initiative also plans to supply the university with relevant equipment and technology for the students so that they can pursue digital art and music initiatives in the future.
Tezos is a smart contracts proof-of-stake blockchain platform that launched in 2017 after a $232 million initial coin offering.
In June 2024, it announced a new upgrade labeled “Tezos X”, which enables an integrated blockchain ecosystem that boasts greater performance, composability and interoperability compared to the old model.