# Music Ecosystem Fund

**A huge part of MODA's mandate and ethos is to fund upcoming artists in their pursuit for career success.** 

During 2022, we experimented with our first run of Artist Grants and found artists to be massively interested in working with MODA. As a result, we managed to fund over 10 artists with the majority going through a proposal and community vote process.

To date, MODA has given out over $25,000 USD in value to artists building in the Web3 space looking to take their careers to the next level. 

<figure><img src="https://3556617389-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fvg9pr9RXA9YUbEVyyZa6%2Fuploads%2FBm2EmCpaZGzZ0dJAqqgW%2FScreenshot%202023-02-04%20at%2010.14.16%20am.png?alt=media&#x26;token=cfd204e9-77e5-443f-a09c-9cae1a0d3deb" alt=""><figcaption><p>Lack Honey's Artist Grant Proposal</p></figcaption></figure>

As a result of the success of the Artist Grants experiment, we've now decided to formally build out and launch the Artist Grants Program in 2023!

Our aim will be to;

* Continue funding artists who need a helping hand
* Give artists access to MODA's technology in order to keep their IP protected on-chain
* Give artists access to MODA's Metaverse clubs and experiences
* Assist artists with building out concepts and bringing them into reality