Coinstore Labs has announced the ICP Chain Fusion Hackathon 2024, offering participants a chance to compete for a prize pool totaling 500,000 USDT. This seven-week event aims to drive innovation in blockchain technology, with a focus on developing decentralized applications （DApps） on the ICP Chain Fusion platform. The hackathon is expected to attract global talent, similar to the recently concluded UBIT Blockchain Ecosystem Hackathon.
Points
- Prize Pool: A lucrative 500,000 USDT to be won.
- Event Duration: The hackathon will span seven weeks, from August 16 to September 25, 2024.
- Key Focus Areas: Participants will develop DApps and explore interoperability features of ICP Chain Fusion.
- Support: Workshops and resources from Coinstore Labs and strategic partner D^2 Labs.
- Tracks: Two primary tracks—DeFi & RWA, and AI, GameFi, SocialFi & NFTs.
Coinstore Labs has unveiled the ICP Chain Fusion Hackathon 2024, a highly anticipated event aimed at fostering innovation in the blockchain ecosystem. This seven-week hackathon, scheduled from August 16 to September 25, offers a staggering 500,000 USDT prize pool, signaling one of the most significant opportunities in the crypto community this year.
Building on the momentum from the recent UBIT Blockchain Ecosystem Hackathon, which saw a remarkable turnout of 182 participants from over 30 countries and led to the creation of 102 groundbreaking projects, Coinstore Labs is once again setting the stage for pioneering developments. The event’s core focus is the ICP Chain Fusion platform, a third-generation blockchain designed for seamless interoperability with major cryptocurrencies like Bitcoin, Ethereum, and other Ethereum Virtual Machines （EVMs）, without requiring intermediaries.
Incentives for Innovators
Participants stand to gain more than just monetary rewards. The hackathon offers a unique platform to develop and enhance DApps that will significantly contribute to the ICP Chain Fusion ecosystem. The prizes include 10,000 USDT in cash rewards, 100,000 USDT grants per project from ICP Chain, and an extensive Coinstore Labs Package valued at 390,000 USDT. These prizes are supplemented with access to the Coinstore Launchpad, listing fee coverage, and bespoke marketing campaigns—resources essential for accelerating project success.
Exciting Tracks for Developers
The ICP Chain Fusion Hackathon 2024 is structured into two distinct tracks:
-
Track 1: DeFi & RWA
This track invites developers to focus on decentralized finance （DeFi） innovations, including DEX and aggregators, staking, lending, borrowing, and supply chain finance. It also encourages exploration into real-world assets （RWA） like physical collectibles, debt, and credit systems. -
Track 2: AI, GameFi, SocialFi & NFTs
This track is designed for those interested in the intersection of artificial intelligence and blockchain. It covers AI-powered smart contracts, decentralized identity verification, predictive maintenance, and the ever-evolving fields of GameFi and NFTs.
Comprehensive Support for Participants
To ensure participants maximize their potential, the hackathon will feature a series of workshops providing in-depth insights into ICP Chain Fusion. These workshops are tailored to offer personalized guidance and support, further enhancing the innovation process.
By participating in the ICP Chain Fusion Hackathon 2024, developers, visionaries, and blockchain enthusiasts are not only competing for a share of the prize pool but are also positioning themselves at the forefront of blockchain technology. This event is a golden opportunity to contribute to the future of decentralized finance and blockchain innovation.
解説
- Blockchain Interoperability: One of the most compelling aspects of ICP Chain Fusion is its ability to interact seamlessly with other major cryptocurrencies, eliminating the need for intermediaries and potentially revolutionizing how different blockchain networks communicate.
- Strategic Partnership with D^2 Labs: This collaboration highlights the importance of data-driven marketing in the blockchain space, offering participants an added advantage in terms of project visibility and user engagement.
- Significance of Prize Structure: The distribution of prizes, particularly the large grants and marketing packages, indicates a focus on not just rewarding innovation but also ensuring that successful projects have the necessary resources to scale and thrive in the competitive blockchain market.