Avalanche Asia Hackathon is Kicking Off with DoraHacks: Over $5M Prize Pool for BUIDLers!
Starting now to the end of March, Avalanche and Dorahacks are launching the Avalanche Hackathon@Asia for developers and early stage projects! Sharing Asian resources to global hackers, this hackathon welcomes developers not only from Asia but also from anywhere in the world with over $5M prizes and more opportunities to learn and connect!
DApps and projects building DeFi, Web3, Metaverse, NFT, Gamefi, Infrastructure & tooling and anything beyond our imagination are all desired from the Hackathon. And this Hackathon is investment-based, where winning projects will get a share of the prize pool of over 5,000,000 USD which comes in the form of collective investments from many prominent venture funds and players in the industry. Besides, projects can also get funded by the community quadratic voting prize pool.
Now, it’s time to BUILD with Avalanche and DoraHacks!
*Avalanche Hackathon@Asia is sponsored by the following amazing partners!
Hackathon Target and Task
Each participating team is required to develop a project for the following sectors on top of Avalanche platform.
Defi | Metaverse | NFT | Gamefi | Infra &Web3 | Tooling
Detailed idea list: stay tuned, it’ll be released soon!
- Registration period: Jan 26, 2022
- Submission period: Feb 1, 2022 — March 31, 2022
- Judging period: April 1, 2022 — April 7, 2022
- Winners Announced: April 9, 2022 — April 15, 2022
- Final BUIDLers’ Day: April 15, 2022
How to Join & Highlights
Submit the BUIDL
The BUIDL upload officially starts today and participants can upload their projects through https://hackerlink.io/grant/avalanche
Read the application guidelines:
1. Join the community (telegram/discord)
Please join the Telegram group chat for registration and any questions you need answers: https://t.me/avaxhackers Latest updates will also be shared here.
Developers can bring your developing questions to Avalanche Discord channel: https://chat.avalabs.org/ and find the sub-channel #avalanche-asia-hackathon. Other hackers and members from the Ava Labs engineering team are there to help.
2. Funding Disclosure
Please take note that this is an investment based hackathon and projects will be required to commit an allocation amount in return for the investment prize pool. Therefore, before you start uploading your projects, you need to fill out the Avalanche Asia Hackathon Funding Submission Form. Otherwise the project will not be eligible for the Investment prize.
3. Deep dive into Avalanche
During the Hackathon, there are a series of workshops to help you get a full understanding of Avalanche consensus and dApps building.
4. Prepare for Project Demo
We will conduct multiple rounds of project demos, so that the projects will get more attention in the morning, increase project exposure, attract more votes for the quadratic funding platform and further investment opportunities.
5. Compete for the juicy awards
After the Hackathon, Avalanche Asia will work with the panel of judges consisting of distinguished figures from important funds to select the top projects for the investment prize pool and follow-up incubation to help the projects grow.
Grants and Prizes
Majority of the total prize pool will be reserved for the top 10 winning projects across all the sectors listed (DeFi, Web3, Metaverse, NFT, Gamefi, Infrastructure & tooling) by direct investment and will be awarded based on decisions of the judging panel comprising of many prominent figures within the space. This is an unprecedented opportunity to be funded by top funds like AVATAR, Blizzard, A&T, NGC, SNZ & many more.
Also, more than $500,000 will be given to projects through quadratic funding on DoraHacks website where the community gets to decide who can get funded with their votes.
There will be multiple quadratic funding pools where the community can participate meaningfully in this Hackathon by voting for projects that they think will benefit the Avalanche ecosystem most and be potentially rewarded for it so stay tuned!
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today.
AVATAR(Avalanche Asia Star Fund) is a crypto and blockchain investment firm, applying professional incubating, investing and portfolio management to this digital asset class. Web3.0 is a new paradigm for online communities and cultural movements.Navigating this space requires a method operating at the combination of cryptography, behavioral economics, computer science, marketing strategies, network and portfolio management. Avatar is a team of investors, researchers and computer scientists focusing on extrapolating the success of blockchain to embedded crypto economics into everything — transaction, computation, storage and social interaction.
DoraHacks is a global hackathon organizer and one of the world’s most active multi-chain Web3 developer communities. It creates a global hacker movement and provides crypto native toolkits to help developers around the world raise funding for their ideas and BUIDLs. By far, more than 2000 projects from the DoraHacks community have received over $15 million in grants and other forms of contributions from supporters worldwide, and it has around 100,000 monthly active users from 152 countries. A large number of open source communities, DAOs, and more than 20 major blockchain ecosystems are already using Dora’s infrastructure (hackerlink.io) for quadratic funding, community contribution, hackathon, bounty distribution, and governance of their developer communities.