Singapore, Singapore – September 20, 2023:
The Algorand Foundation, an organization dedicated to expanding the ecosystem for the world’s most advanced, secure, and reliable layer-one blockchain, is pleased to announce the commencement of registration for Build-A-Bull. This global virtual hackathon offers participants the chance to win $200,000 in prizes.
Running from October 18 to November 15, 2023, Build-A-Bull is powered by Algorand Ventures and conducted in partnership with Amazon Web Services (AWS). The hackathon aims to develop consumer-friendly applications utilizing the power and scalability of the Algorand blockchain.
Over the course of four weeks, committed developers and entrepreneurs will have the opportunity to conceive a business concept, accelerate its development, and present a final product to a panel of expert judges. Throughout the process, participants will receive support, mentorship, and access to networking opportunities to bring their ideas to life.
Ryan Terribilini, EVP of Algorand Ventures, expressed his excitement about the event, stating, “With Build-A-Bull, we hope to attract a new wave of talented builders to join the Algorand ecosystem. We are seeking high-potential startups and founders who can bring innovative projects to the Algorand blockchain, and we believe that participating in Build-A-Bull will provide the necessary resources and exposure to catalyze this next generation of Algorand builders.”
The hackathon consists of five tracks, each presented by notable industry players. These include DeFi (presented by Circle), Gaming (presented by Unity), Consumer (presented by AWS), Interoperability (presented by Wormhole), and Impact (presented by Algorand Foundation). The winner of each track will receive $25,000 and the opportunity to pitch their project to investors on a ‘demo day.’ Additionally, a public on-chain vote will determine an additional $10,000 grand prize, along with $25,000 in AWS credits.
The second and third-place winners of each track will be awarded $10,000 and $5,000, respectively. The judges will also grant a bonus ‘university prize’ of $5,000.
The judging panel includes industry leaders and investors from QCP Capital, DWF Ventures, and Blockchain Capital. Projects will be evaluated based on team skillset and strength, project design and interface, pitch quality, and market adoption potential.
To learn more about Build-A-Bull and to register, please visit the official website.
About Algorand Foundation:
The Algorand Foundation is committed to upholding the global potential of the Algorand blockchain by ensuring sound monetary supply economics, decentralized governance, and a thriving open-source ecosystem. Developed by MIT professor and Turing Award-winning cryptographer Silvio Micali, Algorand achieves transaction speeds comparable to traditional finance while offering immediate finality, near-zero transaction costs, and 24/7 availability.
For more information, please visit the official website.
Contact:
Eric D, Algorand Foundation
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