Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A couple of times a year, there is a Solana Hackathon that gets bigger than the last. This is now the 5th Solana Hackathon! There are loads of quality projects born that then go on to raise money and build cool shit! Right now, the Solana Riptide Hackathon contenders are busy building the next generation of Web3, including DAOs, DeFi, NFT, Payments and Blockchain Games!
Official Link to Solana.com >>> Riptide Hackathon
During this period, there are also “Project Mayhem”-styled, Solana Hacker Houses popping up all around the world. It is quite a sight to see, so if you’re in LA, Seattle, Singapore, Dubai, Moscow, Hong Kong or Prague check them out for sure!
LA Hacker House went off!
Roll through the @Solana LA Hacker House today if you want to chat about the #riptide hackathon. I’ll be here all day today and tomorrow. pic.twitter.com/se4F25OSiW
— Matty Tayl◎r (@mattytay) February 2, 2022
Singapore Hacker House is currently looking great!
Day 1 with some of Team Singapore at the global Solana Hacker House convention!
We'll be here this week.
Our goal: to get in on the latest Solana scoop + new connections to bring our project together to the moon! #Solana #SolanaNFTs pic.twitter.com/qDoGYVjLIt— Foxtopia | SOLD OUT (@FoxtopiaNFT) February 15, 2022
So What’s the Solana Hackathon About?
You are given a shortened timeframe to build a team of devs, product owners, marketers, to build a prototype product and put it out to market so see if it achieves product-market fit asap. Build it > test it > validate it works with users. For the Solana Riptide Hackathon, you have between the 2nd February 2022 to 17th March 2022. During Hackathon sign-up, you are given the option to find new team members.
Assuming you can grind your way through the 6 weeks, you will then be asked to submit your project so that it can be reviewed by a panel of judges. A lot of previous Hackathon winners have gone on to raise seed funding and launch multi-million dollar business!
Check out my @hoodotlive @solana hacker house demo day pitch – social graph based on web3 wallets and video engagement platform! #riptide #SolanaNFTs pic.twitter.com/yx4MN6CISL
— Emmie Chang (@Emmie) February 6, 2022
Work Hard Play Hard – What’s the Winnings?
With a total of over $5 million in prize money to win, there is a lot of incentive for teams to push hard to deliver. The grand champion with receive 3 passes to the next Solana Conference. This is not something to joke at, the previous Solana Breakpoint conference tickets went for $1000 USD or $4000 USD for VIP.
Solana Breakpoint Conference Ticket Price – 2021
At the end of the Hackathon, the Grand Champion will also be able to present to a panel of judges and the wider Solana community along with get a massive $65,000 !
The Solana Community will also have their say and be able to vote for their favourite Riptide project, with the winning project receiving an exclusive NFT and $10,000 in the bank.
Solana Ecosystem Integrations
The Solana Ecosystem is also giving back, with some of these projects being born inside of previous hackathons. If you integrate their product into your project you may receive a sponsored prize of $30,000 !
So What Needs to Be Built?
Probably the best ideas are literally given to you from the ongoing Live Streams that are happening for each Track.
The Official Solana Riptide Hackathon Kick-Off
Blockchain Gaming
3/ It’s time to build the next generation of gaming — one that brings power back to the players. Start creating your #Riptide project: https://t.co/gXCeGpVtCd
Learn more about @farawaygg and the Solana gaming space in the @MiniNations Twitter Space! https://t.co/gG3S8RLv8p— Solana (@solana) February 11, 2022
Solana Pay
Using the power of Solana blockchains speed, low fees and composability, this will be a super exciting foundational layer where future payment business models will be developed.
Web3 & DAO’s
Cut the bloated corporate management processes and automate it as much as possible. This is the way truly global decentralised organised will be run where all holders of the NFT or Token have ownership and governance of the DAO.
Previous Solana Hackathons
Solana Riptide Hackathon, comes from a proud historic lineage of grinding and eating glass. Read more about the previous 4 Solana Hackathons below!
Solana Wormhole Hackathon – Oct 2020
Solana DeFi Hackathon – Feb 2021
Solana Season Global Hackathon – May 2021
Solana Ignition Hackathon – Aug 2021
What will you BUIDL? Comment below…
With over $5 million in prizes and only 5 weeks to go, what is everyone going to BUIDL? @solana #riptide #hackathon All things Web3 up for grabs, including DAOs, DeFi, NFT, Payments and Blockchain Games!#eatglass $SOL #web3 #futurehttps://t.co/QPsnxxHhmu
— Solana Community Blog (@solanablog) February 14, 2022
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.