DeFi Platform Avalanche Will Host Its First Virtual Event
- The event will merge a hackathon, a summit, and a demo day into one, allowing developers to enjoy various workshops and compete for a prize pool of $37,000.
- The program will last 10 weeks with 5 hackathon finalists chosen in the end, who will have the opportunity to present to investors.
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In a press release shared with The Chain Bulletin, Avalanche announced that it will host MoneyDance, a virtual event merging a hackathon, summit, and demo day into one. The event will begin on September 28 and end on December 9, with five hackathon finalists pitching to leading investors.
In the press release, the company stated that, during MoneyDance Hackathon, blockchain developers and hackers will compete for $37,000 in prizes, brought by Avalanche, Polyient Games, Biconomy, and Quantstamp.
“DeFi is emerging as an asset class with massive growth potential for individuals and institutions alike,” says John Wu, President of Ava Labs. “Avalanche can and will be the network that brings that potential to reality by connecting these worlds together and creating a new market structure defined by velocity, efficiency, and innovation in new products and services available to people around the world.”
Parallel with the hackathon, a program of business and technical discussions led by experts from both decentralized and traditional finance will be presented at MoneyDance Summit. Moreover, the event will have various workshops for engineering, marketing, community development, and more to help participants lay the foundations for their projects.
In the press release, Avalanche highlighted some of the prominent figures in the blockchain space that will be participating in the event:
- Emin Gün Sirer, CEO & Co-founder of Ava Labs
- Sergey Nazarov, CEO & Co-Founder of Chainlink
- Kathleen Breitman, Co-founder of Tezos
- Olaf Carlson-Wee, Founder & CEO of Polychain Capital
- Mona El Isa, Founder at Avantgarde Finance & Melon Protocol
- Sam Bankman-Fried, CEO of FTX
- Stani Kulechov, Founder and CEO of Aave
- Sergej Kunz, Co-founder at 1inch Exchange
- Kendrick Nguyen, CEO of Republic
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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- The Avalanche Foundation’s “Metaverse” program aims to accelerate the adoption and growth of the Avalanche network subnet functionality.
- The first two projects selected for the program are an NFT gaming project, and an institutional DeFi initiative with a native KYC functionality.
- Three new Avalaunch IDO tokens are currently valued significantly higher than their sale price.
- The upcoming Imperium Empires game is perhaps the most hyped up project to launch a token on the launchpad.