PRESS RELEASE. Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, today announced it’s launching a new NFT division focused on connecting with graffiti and electronic artists while scaling up it’s blockchain to be more NFT-friendly.
In the last two months, Reef has been working behind the scenes to kickstart its contribution to the NFT landscape. They’ve hired Philip Galaviz, an influential figure in the Denver music and art scene, to join the team as Head of NFT. Philip has worked with Digitally Imported Radio, Global Dance, and numerous electronic music artists, and is building a cultural arts and music program via IRL collaborations. As Head of NFT, Philip will spearhead Reef’s business development and expand its offerings to a wide range of artists, beginning with electronic and graffiti artists, and album cover designers.
Philip and the Reef team pushed the first stage of their NFT wave at ETH Denver with a packed beginners workshop, metawall, NFT contest, and introductions to graffiti artists such as TukeOne, Mike Gravesand Emit One DF. On top of this, Reef recently announced their first wave of grant awardees with three NFT development projects being awarded some of the $210,500. These include Kanaloa, Dimension 11 Studios, and Oyster, who will be building marketplaces and other NFT dApps on Reef.
Denko Mancheski, CEO of Reef, said, “I firmly believe we have identified one of the most impactful engagements we could make this year that will help cement Reef’s future as a blockchain for DeFi, NFTs, and gaming. Phillip is a well-known industry veteran with deep connections in the music and art world, and we’re working with new NFT projects to make Reef NFT-friendly and accessible to everyone.”
In the last two weeks, Reef made big moves in updating their blockchain. They launched ReefScan V2, and a $REEF Community Staking Bond. Denko and Reef members team will also be attending Binance Blockchain Week in Dubai at the end of the month.
Reef’s Substrate-based layer 1 blockchain with smart contract functionality offers an intuitive user experience, high scalability, and low fees, helping the ecosystem to be a go-to platform for NFT projects. Reef is the most advanced EVM-compatible blockchain with smart contract functionality. Based on a Nominated Proof-of-Stake (NPoS) consensus mechanism, the network offers low fees and scalability, as well as a myriad of features, including native token bridges, on-chain governance, recurring payments, and much more. Eventually, the platform will also support an additional virtual machine that will allow developers to write code in several different programming languages.
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