Bitcoin (BTC) Startup Lab introduced the second version of its Bitcoin Olympics Hackathon, the place innovators stand to win over $100,000.
The competitors will pit a number of contestants pitching their concepts for the Bitcoin DeFi and Ordinals motion. It could provide an opportunity for the subsequent era of concepts that can remodel the Bitcoin economic system to emerge.
Collaborating groups within the competitors should submit a 3-minute video pitching their workforce, the issue they’re fixing, the answer, and the way it will profit customers and handle a ache level inside the crypto group. Contributors should register between August 9 and September 17.
Albert Liang, Bitcoin Startup Lab CEO, instructed CryptoSlate that the occasion “is to assist, reward, and rejoice the progressive spirit of founders and builders on Bitcoin.” Liang additional urged aspiring founders and builders to partake within the Olympics as it could drive the “innovation frontier” inside the BTC ecosystem.
People and groups can apply, with the Bitcoin Olympics permitting people to be a part of a number of groups. The competitors additionally affords matching alternatives for people that enter the competitors to workforce up with others.
Those who register will take part in lessons and lectures whereas additionally getting publicity to mentors and consultants. These permit them to fine-tune their concepts earlier than last submission on October 1. The winners might be introduced on October 9.
Judging standards embody novelty, potential impression on the Bitcoin group, technological implementation, proof of curiosity and traction, and presentation high quality.
Though the judges haven’t been introduced, the organizers acknowledged they’d be certified professionals from the Bitcoin Startup Labs or exterior consultants.
A number of prizes are up for grabs, with the grand prize being $30,000 from the title sponsor Sora Ventures. Different Sponsors of the competitors, reminiscent of Rootstock, Interlay, and others, are additionally providing completely different rewards, together with tech-specific prizes and mentorships.
There’s a $20 submission price, however candidates can waive this by partaking with BTC Startup Lab’s Twitter account and Discord channel.
The put up Bitcoin Olympics invitations DeFi visionaries to contest in $100,000 hackathon appeared first on CryptoSlate.