Polygon is announcing an online Hackathon with registrations starting today with a cumulative prize pool of $100K. This Hackathon is supported by Dorahacks, one of the leading Hackathon organisers!
The Hackathon aims to encourage early-stage ideas across the world, to kick-start their projects with the support from the best in the industry players like Chainlink labs, HashKey Capital, Furucombo, Protocol Labs, Covalent, ParaSwap, Chainstack, Balancer Labs, Unmarshal, Pocket Network, Stardust, Deri Protocol, QiDao, Biconomy, TOPS LABS LTD, who are also sponsoring the Hackathon.
The Hackathon becomes all more exciting with the Developers Happy Hours, where the Developers can brainstorm with other developers. The workshops are organised by seasoned players like Alchemy, Tenderly, Figment , GetBlock, ND LABS, ArGoApp and Sponsors.
Polygon works with a majority of today’s blockchain-based DeFi, web 3.0 games and NFT platforms. Polygon POS Chain has more than 500+ Dapps, more than any other chain outside of Ethereum. Additionally, blue-chip Dapps such as Sushiswap and Aave provide the most requisite interoperability in the DeFi space. By and large, this boosts the mass adoption, scaling and composability of the Dapps.
Polygon has been a developer focussed full-stack scaling platform since its inception. The composability provided for the development of DeFi, NFT, Gaming and Exchange platforms is relatively one of the highest in the industry. The integration stats speak for themselves regarding the kind of composability on the platform. The Polygon Hackathon is all set to boost this growing ecosystem.
Polygon has offered a cumulative prize pool of $100K with the following breakdowns:
50K Judge Pool. This is the prize pool for the best projects as decided by the esteemed industry veteran panel of judges.
50K Quadratic Funding Pool:
Quadratic Funding is an optimal way to fund public goods in a community. It amplifies the donations made by a large community over the contributions made by a small group with big pockets.In simple terms, the amount received by the project is the amount donated. An additional amount is matched by the grant pool which is calculated using quadratic funding formula. Voting will happen on Polygon network and MATIC will be used as the native currency to support the projects which will be matched from a grant pool of $50k.
The potential VC funding in the pipeline from the established VCs like Fundamental Labs, Jsquare, DFG, Spark Digital Capital, gate labs, SevenX Ventures, Mentha Partners makes the whole proposition more desirable for the Web3 community. The ability of the Web3 startups to explore the projects in the ecosystem and network is promising. The global community’s attention to the Hackathon and by-large on the projects in the Hackathon provides a chance to hit the right chords with the global audience.
Ideas to #BUIDL
There are a few ideas for reference, but this Hackathon is accepting cool ideas and projects of ALL sorts built on Polygon!
Please note that the smart contracts generated from the Website will arrange and transfer the donated fund, conduct a quadratic funding algorithm, and distribute contribution funds to the projects of which the voting results in favour. Please understand that the website cannot guarantee the authenticity, legality and validity of the project information, though admins will contact the projects to verify the validity with their best effort. Please be aware of the risks of donation and voting and make rational decisions. Polygon, HackerLink, or DoraHacks aren’t held responsible for any adverse consequences if any.
Hacker Registration & Project Submission: August 30th — Oct 22, 2021
Voting period : October 1 — October 22
Judge Voting: October 23rd — October 29th
DoraHacks is a global Hackathon organizer and one of the world’s most active developer communities. HackerLink (https://hackerlink.io/en) is DoraHacks’ open-source developer platform and open source curation market. HackerLink provides unique on-chain tools to incentivize open-source developments around the world. The platform is offering features including hacker profile, BUIDL, quadratic funding grants, bonding curve, bounties, Hackathons to more than 100,000 users around the world.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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