Solana Foundation announces Renaissance hackathon details with over $1 million prize pool for global builders

The Solana Basis, a non-profit entity dedicated to the expansion of the Solana community and its ecosystem, introduced at this time the beginning of Renaissance, a worldwide hackathon for world skills and builders with a ardour for Web3 to interact, collaborate, and compete for a share of a $1 million prize pool.

In accordance with the Solana Basis’s press launch, the Renaissance hackathon will run from March 4 to April 8, 2024, and will obtain registrations by means of Colosseum, a corporation devoted to attracting, accelerating, and investing within the Solana ecosystem.

By way of Colosseum, individuals can create their builder profiles, join with potential crew members, brainstorm concepts, discover the competitors tracks, and compete for a share of the $1 million prize pool and pre-seed funding, as famous within the press launch.

In accordance with the Solana Basis, this hackathon options six main tracks, together with “DeFi & Funds,” “Shopper Apps,” “DePIN,” “Gaming,” “DAOs & Startup Communities,” and “Infrastructure.”

The Grand Champion Award, offered by Symmetry, affords a $50,000 USDC money prize and three tickets to Breakpoint 2024, the Solana Basis’s annual convention.

Every of the hackathon’s six tracks, together with Shopper Apps, DeFi & Funds, DePIN, Gaming, Infrastructure, and DAOs & Startup Communities, will award 5 prizes starting from $5,000 to $30,000 USDC to the highest tasks.

Past these track-specific awards, three further prizes might be awarded:

• The College Award: A $10,000 USDC prize for the greatest pupil crew.

• The Public Items Award: A $10,000 USDC prize for the crew creating open-source know-how with probably the most vital profit to your complete Solana ecosystem.

• The Local weather Award: A $5,000 USDC prize for the challenge selling the most impactful inexperienced and climate-friendly resolution.

All profitable groups might be eligible to use for Colosseum’s Accelerator Program, providing an opportunity to safe $250,000 in pre-seed capital to additional develop their tasks.

Dan Albert, Govt Director of the Solana Basis, emphasised the hackathons’ significance in fostering the Solana community’s development.

“Hackathons play a crucial position in continued development on the Solana community by fostering a tradition of innovation and collaboration,” mentioned Albert. “These occasions empower builders to create significant options that may revolutionize industries, clear up real-world issues, and develop sensible functions which can be solely potential on Solana.”

Matty Taylor, Cofounder at Colosseum, expressed enthusiasm for internet hosting the following Solana Basis hackathon, saying:

“We’re thrilled to manage the following Solana Basis hackathon on Colosseum,” mentioned Taylor. “Following the success of Hyperdrive, there was a whole lot of momentum among the many Solana builder neighborhood. We’re glad to be capable of help them in probably the most crucial steps of their journeys. We sit up for working alongside the Solana Basis and lots of others within the Solana ecosystem to proceed fostering experimentation, startup innovation, and real-world problem-solving.”

The hackathon has already drawn vital curiosity, with over 2,000 builders from 92 international locations creating profiles on Colosseum inside a month of its launch. The earlier Solana Basis hackathon, Hyperdrive, noticed over 7,000 individuals develop greater than 900 tasks.