Solana hackathon aims to bolster crypto innovation in India

Cointelegraph Team Cointelegraph

Solana invites students, Web 2.0 and Web 3.0 developers, engineers and anyone who is looking to get into crypto.

Blockchain platform Solana announced an open invitation to Building out Loud, a hackathon venture exclusively for Indian developers and entrepreneurs. According to the official statement, Solana plans to launch the three-week long event in collaboration with Devfolio and YouTube influencer Superpumped.

Solana’s announcement consists of a free and open invitation to “students, Web2 & Web3 developers, engineers and anyone looking to get into crypto organized in collaboration.” The move toward involving India’s open-source community in crypto may be surprising to those aware of ongoing resistance against Bitcoin (BTC) from mainstream Indian banks such as ICICI. The last date for applying for the hackathon is Aug. 12.

Crowning hackathons as the birthplace of crypto startups, Solana stated:

“If you’re an ambitious engineer or developer in India looking to build something, this is the skyhook you’re looking for.”

In addition to the cash prizes from a pool of $80,000, winning participants will get to raise capital from the Solana Foundation and prominent global investors. This initiative also sees the involvement of prominent crypto figures and entrepreneurs, including former Coinbase chief technology officer Balaji Srinivasan, seed investor Chris McCann and Cred founder Kunal Shah.

While the hackathon will use Solana’s global public chain to deploy crypto apps, Cointelegraph has reached out to Solana to understand India’s stance on such initiatives. The company is also yet to clarify if it intends to pay winners in cryptocurrencies or fiat.

The Solana ecosystem has been responsible for the birth of several crypto apps and projects. Back in April 2021, Cointelegraph reported on the commencement of Solana-native decentralized finance protocol Step Finance’s private token sale for $2 million.

Step Finance was born out of a hackathon similar to Solana’s Building out Loud initiative for India.

Author

Cointelegraph Team

Cointelegraph

We are privileged enough to work with the best and brightest in Bitcoin.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.