By Tom Blitzer
Key Insights:
- The Global Aptos Hackathon in Singapore is set to be a hub for crypto innovation across DeFi, NFTs, GameFi, and more.
- Participants could walk away with a potential $30,000 windfall from the diverse hack tracks at Aptos’ global event.
- Aptos’ Singapore hackathon offers a unique platform for crypto enthusiasts to showcase their prowess and win big.
The Aptos Foundation recognized for its pioneering layer 1 proof of stake blockchain, Aptos, has announced its intention to orchestrate a global hackathon. This thrilling event is slated to unfurl in Singapore over three days, from September 11-13, 2023. The event will serve as a vibrant stage for participants to exhibit their web3 concepts, mingle with industry forerunners, and collaborate with fellow innovators in the crypto sphere.
A Platform for Crypto Innovators
The hackathon, as outlined on Aptos’ official website, will encompass a variety of hack tracks. These include non-fungible tokens (NFT), decentralized finance (DeFi), infrastructure, GameFi, payments, and tooling. Consequently, participants can win up to $30,000 in each hack track, with awards distributed at the event’s conclusion.
The Aptos Foundation aims to attract individuals and teams interested in Aptos or those keen on building on the network. Besides the cash prizes, the foundation will fund the winning team’s crypto project, thereby supporting its development. Moreover, teams that excel will receive specialized support from the Aptos team to expand their projects on the network.
The evaluation of participants will hinge on five critical criteria: the utilization of the Aptos blockchain (30%), degree of innovation (20%), technical merit (20%), project completeness (20%), and future potential (10%). The deadline for hackathon applications is September 4, 2023.
In addition to the competitions, the hackathon will feature programming around Move on Aptos, presentations from the network’s partners, and interactions with core Aptos engineers.
Rewarding Innovation with Cash and Crypto
Winning participants at the global hackathon will receive their awards in a combination of US Dollars and Aptos’ native cryptocurrency, APT. As of the latest update, APT has been trading at $7.11, reflecting a 22% surge over the previous week. The token has also demonstrated a robust daily trading volume of $1.03 million and a market capitalization of $125 million.
This international hackathon, therefore, represents more than just an event. It’s a golden opportunity for crypto enthusiasts to display their talents, connect with industry pioneers, and potentially secure substantial prizes. With the backing of the Aptos Foundation, the prospects for blockchain innovation appear more promising than ever.