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 following technology of concepts that can remodel the Bitcoin economic system to emerge.
Taking part groups within the competitors should submit a 3-minute video pitching their crew, the issue they’re fixing, the answer, and the way it will profit customers and tackle a ache level inside the crypto group. Members should register between August 9 and September 17.
Albert Liang, Bitcoin Startup Lab CEO, advised CryptoSlate that the occasion “is to assist, reward, and rejoice the progressive spirit of founders and builders on Bitcoin.” Liang additional urged aspiring founders and builders to partake within the Olympics as it will drive the “innovation frontier” inside 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 crew up with others.
People who register will take part in lessons and lectures whereas additionally getting publicity to mentors and specialists. These enable them to fine-tune their concepts earlier than ultimate submission on October 1. The winners will likely be introduced on October 9.
Judging standards embrace novelty, potential impression 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 title sponsor Sora Ventures. Different Sponsors of the competitors, equivalent to Rootstock, Interlay, and others, are additionally providing completely different rewards, together with tech-specific prizes and mentorships.
There’s a $20 submission payment, however candidates can waive this by participating with BTC Startup Lab’s Twitter account and Discord channel.
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