Solana Announces $1 Million Hackathon for Aspiring Founders and Devs

Key highlights:

• They’re calling all founders and developers far and wide to take part in a 5-week sprint of turning their ideas into working products.
• A panel of bigwigs will be the judges, keeping an eye out for slick presentations of clever projects.
• Solana is hoping this competition turbocharges their whole ecosystem of decentralized apps. Past hackathons have seen startups raise millions and new careers launched.

Solana, one of the leading blockchain platforms for decentralised apps, has announced a major hackathon aimed at inspiring a new wave of innovation. The Hyperdrive global competition launches today and promises up to $1 million in prizes and funding to the biggestthinkers.

1/ Announcing the Hyperdrive Hackathon! ?

? An online, global Solana hackathon
? Running Sept. 6 – Oct. 15
? $1 million in prizes and seed funding up for grabs

Join and start building today: https://t.co/0HfrxRWgbd pic.twitter.com/Pw5HgHEVMA

— Solana (@solana) September 6, 2023

What is the Hyperdrive Hackathon?

Running from September 6th to October 15th, Hyperdrive will see developers from around the world collaborate online to design the applications of tomorrow. Whether you’ve been coding for years or are just starting out, all are welcome to participate.

Teams will have 5 weeks to take their ideas from concept to minimum viable product. A diverse array of tracks are offered to spark creativity, covering everything from artificial intelligence to gaming. It’s the perfect opportunity for both seasoned founders looking to get their next ventures off the ground, as well as students testing their skills.

Big awards for bold ideas

The prizes on offer provide real incentive. The biggest jackpot of $50,000 and tickets to next year’s Solana conference will go to the absolute champion. Additional awards focus on areas like public goods, universities and sustainability. Even if you don’t win, there’s seed funding accessible just for taking part.

Judging will be done by an all-star panel including CEOs, VCs and engineers from top companies like Solana Labs and Coinbase. They’ll be on the lookout for projects harnessing the power of the Solana blockchain in clever new ways. Good presentation skills and convincing pitches will serve competitors well when showcasing their creations.

Though intended to spur growth and innovation, these developer competitions may have unexpected benefits for Solana’s native SOL token as well. As reported on CoinCodex, SOL Price fell 0.90% over the previous 24 hours to $19.58 after recent gains, likely thanks to broader crypto volatility. Another question on the minds of long-term Solana investors is; How High Can Solana (SOL) Go?

 A launchpad for the future of crypto

Solana hopes Hyperdrive will turbocharge efforts to build out the entire Solana ecosystem. Previous hackathons have seen amazing success stories emerge, from startups raising millions to developers launching careers in the industry. Who knows, the next biggest crypto companies may very well have their origins in this competition.

So whether you fancy yourself the next tech billionaire or simply want to spend your month learning whilst having fun, sign up for Hyperdrive today. The deadline is soon but the rewards could last a lifetime in crypto. You can also check the top 7 NFT marketplaces of the Solana ecosystem.