The Solana Foundation, a non-profit entity dedicated to the development of the Solana network and its environment, revealed today the start of Renaissance, a worldwide hackathon for worldwide skills and home builders with an enthusiasm for Web3 to engage, team up, and complete for a share of a $1 million in rewards and pre-seed financing.
According to the Solana Foundation’s news release, the Renaissance hackathon will range from March 4 to April 8, 2024, and will get registrations through Colosseum, an company devoted to bring in, speeding up, and buying the Solana community.
Through Colosseum, individuals can develop their contractor profiles, get in touch with possible staff member, brainstorm concepts, check out the competitors tracks, and complete for a share of the $1 million reward swimming pool and pre-seed financing, as kept in mind in journalism release.
According to the Solana Foundation, this hackathon includes 6 significant tracks, consisting of “DeFi & & Payments, “” Consumer Apps,” “DePIN &,””Gaming,” “DAOs & Startup Communities,”and “Infrastructure. “
The Grand Champion Award, provided by Symmetry, provides a $50,000 USDC prize money and 3 tickets to Breakpoint 2024, the Solana Foundation’s yearly conference.
Each of the hackathon’s 6 tracks, consisting of Consumer Apps, DeFi & & Payments, DePIN, Gaming, Infrastructure, and DAOs & & Startup Communities, will award 5 rewards varying from $5,000 to $30,000 USDC to the leading tasks.
Beyond these track-specific awards, 3 extra rewards will be granted:
The University Award: A $10,000 USDC reward for the very best trainee group.
The General Public Goods Award: A $10,000 USDC reward for the group producing open-source innovation with the most considerable advantage to the whole Solana community.
The Climate Award: A $5,000 USDC reward for the job promoting the most impactful green and climate-friendly option.
All winning groups will be qualified to get Colosseum’s Accelerator Program, providing an opportunity to protect $250,000 in pre-seed capital to more establish their tasks.
Dan Albert, Executive Director of the Solana Foundation, stressed the hackathons’ significance in promoting the Solana network’s development.
“Hackathons play a vital function in ongoing development on the Solana network by promoting a culture of development and partnership,” stated Albert. “These occasions empower contractors to develop significant options that will reinvent markets, fix real-world issues, and establish useful applications that are just possible on Solana.”
Matty Taylor, Cofounder at Colosseum, revealed interest for hosting the next Solana Foundation hackathon, stating:
“We are enjoyed administer the next Solana Foundation hackathon on Colosseum,” stated Taylor. “Following the success of Hyperdrive, there has actually been a great deal of momentum amongst the Solana home builder neighborhood. We are happy to be able to support them in the most vital actions of their journeys. We anticipate working along with the Solana Foundation and numerous others in the Solana community to continue cultivating experimentation, start-up development, and real-world analytical.”
The hackathon has actually currently drawn substantial interest, with over 2,000 home builders from 92 nations developing profiles on Colosseum within a month of its launch.
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