The winning artists will receive $1,000 each in exchange for the complete rights to their 3D avatars. Filmmakers may also choose some models to use as background graffiti in the OASIS and those folks will receive $250 to hand over ownership. Submissions are open until June 23rd at 1PM ET (10AM PT) and the artists will be selected by July 7th.

This sounds like a splendid opportunity for digital artists everywhere, but keep in mind that this is basically a contest inside of the OASIS -- and we all know how those things go.