Are you a creative who is outrageously good at net art? Listen up, 'cause New York-based art organisation and Dazed guest editors Rhizome are giving away some serious cash to one lucky recipient to "recognize the past work and future promise of someone making outstanding work on the internet".

The Prix Net Art is billed as a "no strings attached" $10,000 award for emerging net artists. We can't say for sure, but that level of caveat-free funding probably makes it one of the most lucrative net art-only awards around. The award is set to launch this autumn and will run again in 2015 and 2016. 

Rhizome director Heather Corcoran believes that the Prix Net Art plays a vital role in acknowledging net art: "Recognizing internet art at this time is important to us because while there has been a recent boom of excellent work out there that thinks about the role of internet and digital culture using other formats – painting, sculpture, installation – we think there is still a lot of potential left to explore in art made for the web."

The prize is being given in partnership with Beijing's Tsinghua University Art and Science Media Laboratory (TASML) and an organisation called CAT/CCIA. The awardee will receive $10,000; a second distinction award of $5,000 will also be made each year.

Reckon you've got what it takes? Deadline for submissions is August 31. For more information, check out the official Prix Net Art site: www.prixnetart.org.