In 2022, decentralized applications (or commonly known as DApps) will continue to develop, and more ideas are being realized. So far, there have been more than 3,901 DApps on the entire blockchain, some have been launched to the market and used by users, and some are in the development stage.
Avalanche is one of the players leading the blockchain revolution, contributing to the success of more than 400 projects in the past 15 months alone. Some of the main factors behind this growth are Avalanche subnets (Subnets), which are subnets with infinite scalability. They can be configured accordingly for project-specific needs, such as very fast and low-cost transactions for games and virtual world applications. Avalanche also successfully launched the new Avalanche Bridge cross-chain bridge in 2021. Its significantly reduced gas fee (only one-fifth of the V1 version) and smooth user experience have been recognized by users.
This year, Avalanche Asia has just announced the largest online blockchain hackathon in recent years, which will provide opportunities for global developers interested in the Asian market and resources. The hackathon aims to gather the world's top developers and attract many well-known high-quality partners in the industry, including AVATAR, DoraHacks, Blizzard, Elevate Ventures, etc. This hackathon aims to elevate the blockchain ecosystem to a whole new level and bring more meaningful applications to mainstream users.
An opportunity for global developers to obtain Asian blockchain resources
The hackathon is open to the entire blockchain community, including developers, investors, and community DAO (Decentralized Autonomous Organization) members, who will play a key role as voting members. All developers, as well as some early projects building on Avalanche, are eligible to apply and submit their projects.
Central and Southeast Asia lead the way in blockchain adoption, second only to Europe and North America. In 2021, the region saw a 701% increase in raw value.
“The occasion for this hackathon is that we realize that Asia has a wealth of valuable blockchain resources, as well as talented and talented developers around the world. With the rapid innovation of the industry, we are introducing important incentives. for developers and projects,” said Wilson Wu, founder of AVATAR and head of Avalanche Asia.
Ecological prosperity is inseparable from the growth of native DApps, so this hackathon hopes to discover and encourage talented developers to develop Avalanche native DApps. At the same time, developers who build early projects on EVM (Ethereum Virtual Machine) compatible chains such as Ethereum are also welcome to join the hackathon and bring their applications to Avalanche. Thanks to the availability of some developer-friendly tools, developers do not need to build projects from scratch when migrating from EVM-compatible chains to Avalanche.
The winning project will earn more than $5 million in prize money
The hackathon attracted a total prize pool of more than $5 million, and the top 10 projects will win 90% of the prize pool. The remaining 10% of the funds will be awarded to those projects voted by the community DAO. Avalanche invites global community members to vote on high-quality projects through DAO to express their views.
“We invite participants to share their ideas, ask relevant questions, and engage in dialogue with our ecosystem, representing the global community of blockchain innovators,” said Wilson.
Projects that provide real-life solutions to popular blockchain verticals stand a chance to be top winners. Millions of dollars in rewards will turn ideas into business models, enriching the entire blockchain ecosystem. The Hackathon invites participants to participate in projects including Web3, DeFi (decentralized finance), Metaverse (metaverse), Infrastructure and Tooling (infrastructure and tools), GameFi (chain games) and NFT (non-homogeneous token). Compete in each category.
The timing is perfect for the Avalanche Asia Hackathon
The Avalanche Hackathon comes at an opportune time, at a time when the blockchain industry needs more forward-looking innovations to take it to the next level. In addition to financial resources, competitors can also take advantage of technical support provided by hackathon contributors. This support includes technical seminars, online technical Q&A, media resource support, and business liaison support.
The hackathon presents a major opportunity for investors in Asia, developers and communities around the world to get involved in the ecosystem shaping the foundation of Web3.
“We are witnessing hundreds of projects leading the development of DeFi, GameFi and enterprise blockchain solutions. As more and more people realize the benefits of smart contracts, now is the time for a new wave of Web3 applications to flourish AVATAR will support this by connecting talent from around the world to the Asian market for growth. At the same time, Avalanche has proven to be a hot ecosystem for blockchain development," said Wilson.
Avalanche protocol, as the fastest time-to-finality smart contract platform, brings the industry one of the largest blockchain hackathons so far - an opportunity that many important projects should not miss .
Avalanche Asia Hackathon registration link: Hackerlink