Chainlink Declares Winners of $550K Hackathon Prize Pool
Chainlink, the industry-leading oracle community within the blockchain {industry}, at this time introduced the winners of its Fall 2021 Hackathon. The occasion awarded $550,000 in prizes, obtained practically 290 undertaking submissions, and recorded 7,800+ signups—double that of Chainlink’s Spring hackathon. Members from all over the world got here collectively to showcase their ardour and expertise for constructing the following technology of hybrid sensible contracts.
Chainlink and the opposite hackathon sponsors awarded prizes to the groups that confirmed distinctive creativity in each their concepts and implementation, creating new use instances throughout verticals equivalent to decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and social affect, in addition to developer tooling to assist engineers simply leverage Chainlink oracles of their functions. In keeping with a survey of contributors, greater than 40% of hackathon attendees had little to no expertise in sensible contract growth earlier than coming into the hackathon, and an extra 40% had little to no programming expertise in any respect.
“It has been a wild journey watching so many builders use sensible contracts and oracles to construct such extremely artistic and highly effective functions,”
mentioned Patrick Collins, lead developer advocate at Chainlink Labs.
“As one of many largest hackathons within the blockchain house, that is the stomping floor of innovation. It is at these occasions the place the way forward for know-how and Web3 is constructed.”
The Chainlink Fall 2021 Hackathon awarded prizes throughout a big selection of classes, starting from the $30,000 grand prize to topic-specific prizes in important blockchain verticals. Of the practically 290 undertaking submissions obtained, 90 used Chainlink’s Verifiable Randomness Perform (VRF), 64 initiatives used Chainlink Information Feeds, 46 used Chainlink Keepers, and 92 used Chainlink’s any API performance. Since Chainlink is natively built-in with greater than 10 blockchains, this occasion allowed contributors to work on whichever blockchain greatest suited the wants of their undertaking.
Right here is the listing of prime prize winners for the Chainlink Fall 2021 Hackathon:
- Grand Prize: NUSIC: An NFT bond undertaking that empowers musicians to higher monetize their work and earn long-term income from their copyrighted materials.
- Chainlink Providers Prize: Kotal, a platform that streamlines node launches.
- DeFi Prize: Krypton, a decentralized change that’s resistant towards front-running, adversarial choice, and miner-extractable worth (MEV).
- DeFi Prize: Tradeboard, an auto-balancing DeFi index fund platform the place any dealer can construct their very own crypto index that some other consumer can then take part on.
- DAO Prize: Governor C, a Sybil-resistant quadratic voting system that solves the issue of Sybil assaults on DAO voting methods.
- NFT Prize: SpaceTombo, a gamified fortunate draw sport by which tickets are exchanged for dynamic NFTs to fund charitable organizations.
- Social Influence Prize: Soleil, a token-based undertaking that incentivizes the growth of solar energy mills by including further earnings by way of stablecoins.
- Off-Chain Compute Prize: Meltdown, an NFT public sale platform that makes use of Chainlink VRF and Chainlink Keepers to create a randomly finalized public sale interval.
- Ladies-Led Venture Prize: Figura, a gaming market for blockchain-based gaming initiatives.
- Ladies-Led Venture Prize: CricNFT, a curated NFT platform that enables sports activities groups to simply launch NFTs for his or her fan bases.
Extra info on Chainlink Fall Hackathon Winners is out there right here.
In January, prime prize winners may have the chance to current their initiatives to main enterprise capital corporations equivalent to DeFi Alliance, Ethereal Ventures, Lightspeed, Tribe, Polychain, and DCG. It will assist these initiatives get suggestions on their product and go-to-market plans. Choose pitches might be out there afterward Chainlink’s YouTube channel.
Sponsors for Chainlink’s Fall Hackathon included Moralis, , SNZ Holding, UFO Gaming, Polygon, , Alchemy, Concord, Aurora, Google (NASDAQ:) Cloud, Ernst & Younger, and UNICEF. A full listing of hackathon sponsors could be discovered right here.
Builders actively seeking to join blockchain functions to Chainlink Information Feeds, Chainlink VRF, Chainlink Keepers, or entry any API, can discover the Chainlink developer documentation web page and join with the technical neighborhood within the Chainlink Discord. Chainlink’s subsequent hackathon will happen this coming Spring.
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