Key Points:
- $1M in prizes and funding
- Diverse project tracks
- Grand Champion Award with Amazon Web Services
The Solana Foundation, a non-profit organization dedicated to advancing the adoption and security of the Solana blockchain, has launched Hyperdrive, a worldwide online hackathon offering a total of $1 million in prizes and seed funding. Scheduled to run from September 6 to October 15, this event aims to attract top-tier developers and visionary founders to the rapidly expanding Solana ecosystem.
Fostering Innovation Through Hackathons
The foundation has a proven history of harnessing hackathons as a powerful tool for nurturing potential blockchain applications and propelling innovation. Since its inception, Solana’s hackathons have drawn participation from over 50,000 individuals, leading to the development of more than 3,000 projects. These winning projects have collectively secured an impressive $600 million in venture funding.
Matty Taylor, Head of Growth at the Solana Foundation, underscored the significance of such events: “Hyperdrive is crafted to bring the best talents together to ignite new startups within the Solana ecosystem. These hackathons are not just competitions; they are collaborative endeavors that push the boundaries of what blockchain technology can achieve.”
Diverse Focus Areas
This year’s Hyperdrive seeks to inspire projects across a wide spectrum of domains. Participants can compete in various tracks, with each track offering prizes ranging from $5,000 to $30,000 in USDC:
- Finance & Payments, sponsored by Helio
- Mobile Consumer Apps, sponsored by Magic Eden
- Physical Infrastructure Networks, sponsored by IO.NET
- Artificial Intelligence, sponsored by UXD
- Gaming & Entertainment, sponsored by Phantom
- DAOs & Network States, sponsored by Balaji Srinivasan & The Network State
- Crypto Infrastructure, sponsored by Ironforge
Prestigious Awards Await
The hackathon will culminate with the Grand Champion Award, presented by Amazon Web Services, which includes a $50,000 prize in USDC and tickets to Breakpoint 2024, the Solana Foundation’s annual conference. Special recognition will also be accorded to projects focusing on public goods, climate change solutions, and initiatives founded by universities.
This announcement follows the success of the foundation’s previous hackathon, Grizzlython, which attracted over 10,000 participants and led to the development of more than 800 projects.
For those interested in participating in the Hyperdrive hackathon, registration is now open on Solana’s official website.
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