KEY TAKEAWAYS
- The Neo X Grind Hackathon, in partnership with major industry players, offers a $70,000 prize pool and $22 million in grants for Web3 innovators.
- Participants must deploy smart contracts on Neo X MainNet by December 2, with winners announced on December 16 after a judging period and community vote.
- The hackathon includes tracks in AI, DeFi, and other sectors, leveraging Neo X’s EVM compatibility to foster innovation.
- Workshops and resources from co-hosts aim to support projects from inception to significant Web3 market presence.
The Neo X Grind Hackathon has been launched in collaboration with IOSG Kickstarter, Web3Labs, Foresight Ventures, and Bitget. This event is set to take place on Neo’s EVM-compatible sidechain, Neo X, and aims to provide significant opportunities for Web3 creators and innovators.
Participants in the hackathon will compete for a $70,000 prize pool and the chance to access multiple incubation programs featuring $22 million in grants and investments. Additionally, winners will have the opportunity for fast-track listing on exchanges, with all benefits provided by Neo and its co-hosts.
Hackathon Structure and Evaluation Criteria
The Neo X Grind Hackathon will run from October 30 to December 2, with projects required to deploy their smart contracts on the Neo X MainNet before the deadline. Following this, a two-week judging period and a community vote will take place, with winners announced on December 16.
Projects will be evaluated based on criteria such as code quality, business strategy, user experience, and user acquisition. Contract interaction and engagement levels will also be considered in the judges’ scoring, alongside community votes.
Tracks and Opportunities for Participants
The hackathon features tracks in various areas, including Artificial Intelligence (AI), Decentralized Physical Infrastructure Networks (DePIN), Infrastructure, Decentralized Finance (DeFi), SocialFi, Real World Assets (RWA), Gaming, and meme-related infrastructure. Neo X, the platform for the hackathon, is designed to support innovation with its compatibility with the Ethereum Virtual Machine (EVM) and its use of the dBFT consensus mechanism.
Neo will host workshops throughout the hackathon to assist participants with technical questions. The event is co-hosted by industry leaders who bring valuable perks to the reward pool, providing resources needed for projects to grow from grassroots startups to significant players in the Web3 space.
For more details on the hackathon, visit the official announcement here.
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