Great ideas can change the world, propelling us forward. With the support of Web3 X, Algorand and expertise of technical mentors, our vision was to see you succeed.
The Algorand Foundation, the organization focused on growing the ecosystem for the world's most advanced, secure and reliable layer-1 blockchain, announced the opening of registration for Build-A-Bull, a global virtual hackathon with $200,000 (USD) in prizes. The hackathon, powered by Algorand Ventures and in collaboration with AWS, had run from October 18 through November 15, 2023. Over this period, hundreds of innovators from around the world came together online to collaborate, code, and develop world-changing ideas into working prototypes and proofs of concept.
“With Build-A-Bull, we expect to attract a new wave of promising builders to come into the Algorand ecosystem,” says Ryan Terribilini, EVP of Algorand Ventures. “We are looking for high-potential, investible startups and founders to bring innovative projects to the Algorand blockchain, and we are confident that the resources and exposure of participating in Build-A-Bull will catalyze this next generation of Algorand builders.”
The hackathon includes five tracks:
Defi, presented by Circle
Gaming, presented by Unity
Consumer, presented by Amazon Web Services (AWS)
Interoperability, presented by Wormhole
Impact, presented by Algorand Foundation
The winner of each track received $25,000 and was invited to pitch to investors on a ‘demo day,’ with a public on-chain vote determining an additional $10,000 Grand Prize, as well as $25,000 in AWS credits. The second and third place winner of each track received $10,000 and $5,000 respectively. A bonus University Prize of $5,000 was awarded by the judges.
The judging panel was comprised of industry leaders and investors including QCP Capital, DWF Ventures, and Blockchain Capital.
Projects was evaluated by the following criteria: the skillset and strength of the team, the design and interface of the project, the quality of the pitch, and the viability of market adoption.
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