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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Recommended Content
Editors’ Picks
TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1
TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked.
XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday.
Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit
Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.