Bitcoin Olympics invitations DeFi visionaries to contest in $100,000 hackathon

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 will provide an opportunity for the subsequent technology of concepts that may remodel the Bitcoin financial system to emerge.

Taking part groups within the competitors should submit a 3-minute video pitching their staff, the issue they’re fixing, the answer, and the way it will profit customers and handle a ache level throughout the crypto group. Individuals should register between August 9 and September 17.

Albert Liang, Bitcoin Startup Lab CEO, instructed StarCrypto that the occasion “is to assist, reward, and have a good time the modern spirit of founders and builders on Bitcoin.” Liang additional urged aspiring founders and builders to partake within the Olympics as it might drive the “innovation frontier” throughout 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 presents matching alternatives for people that enter the competitors to staff up with others.

Those who register will take part in lessons and lectures whereas additionally getting publicity to mentors and specialists. These permit them to fine-tune their concepts earlier than closing submission on October 1. The winners shall be introduced on October 9.

Judging standards embrace novelty, potential influence on the Bitcoin group, technological implementation, proof of curiosity and traction, and presentation high quality.

Though the judges haven’t been introduced, the organizers said they might be certified professionals from the Bitcoin Startup Labs or exterior specialists.

A number of prizes are up for grabs, with the grand prize being $30,000 from the identify 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.

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