The Solana Foundation, a nonprofit organization dedicated to supporting the Solana network, has announced it is launching a global hackathon targeting Web3, DeFi and NFT solutions. The Solana Season hackathon takes place over three weeks and starts on May 15th.
Following the success of the DeFi Hackathon earlier this year, Solana is expanding its reach with regional and use case / vertical tracks in China, India, Eastern Europe and Brazil. Each track has its own set of support projects and a jury, as well as offline workshops and events.
“It’s exciting to see the blockchain ecosystem adapt as it continues to make significant progress. That is why we are organizing a third hackathon. We want to be part of the development of projects spanning different countries as we believe they will be invaluable in unlocking the potential of blockchain. It is the foundation’s goal to provide the additional help these projects need to support and grow our community. “
– Anatoly Yakovenko, Chairman of the Solana Foundation
The hackathon, which is open to teams from around the world, has a prize pool of $ 400,000 and potential starting capital, which equates to $ 1 million in prizes. There will be DeFi, Web3 and NFT tracks, each with 1st, 2nd and 3rd place winners receiving $ 20K, $ 10K and $ 5K prizes in USDC-SPL respectively.
There are additional prizes for regional tracks, including:
The Eastern European circuit has a prize pool of $ 155,000 with contributions from Hacken, Gate.io, Serum, Velas, HAPI and Akash Network.
China track with $ 125,000 in awards from Solana Foundation, Serum and Raydium.
India number has a total prize pool of $ 50K and contributions from Solana Foundation, Devfolio and CoinDCX.
Brazil will receive a $ 25K prize pool with support from BRZ Brazil, Foxbit, Bitpreço, NOX Bitcoin and Alterbank.
Individual projects will also have the chance to compete for additional prizes with support from MultiCoin Capital, DSRV, Nonce, Raydium and Serum, as well as a Grand Champion winning $ 50K USDC-SPL.
Judges / speakers include Balaji Srinivasan, Kevin Rose, Sam Bankman Fried, Robert Leshner, Anatoly Yakovenko, Meltem Demirors, Jason Choi, Tegan Kline, Kyle Samani, Santiago Santos, Ledger Status, Tarun Chitra, Imran Khan, James Prestwich, David Nage, Arthur Cheong, Crypto Messiah, David Ratney.
The Solana Season hackathon is a competition where projects are judged by judges on their technological merits without regard to legal feasibility and is open to any use case involving Solana.
Participants in the hackathon will create software for evaluation purposes by judges only as part of a competition and not for commercial deployment or release as part of the hackathon. Upon completion, all hackathon projects interested in building on Solana full-time will have the opportunity to compete for seed funding from venture capitalists, ecosystem funds and investors.
For more information about the Solana Season hackathon, visit solana.com/hackathon.