Alibaba (NYSE:BABA) Cloud, AngelHack and dWallet are among the latest supporters for the global event.
Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds.
Initially set at $500k, after a groundswell of support from external backers, Sui Overflow’s funding pool has ballooned to $1,000,000. The sizable rewards pool is drawing builders from around the world to build projects on the Sui network and demo them to a panel of judges. Among the categories eligible for prizes are Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi. Developers will also be encouraged to leverage specific technologies from the Sui ecosystem such as zkLogin, Advanced Move Features, Randomness, and Multi-chain capabilities.
In addition to support from title sponsor dWallet Labs, the hackathon will be sponsored by Elixir Capital, Alibaba Cloud, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, AngelHack, Pyth, Ryze Labs and ZettaBlock. The awards presented in Sui’s hackathon for every category are as follows: $30,000 for first place, $15,000 for second, and $7,500 prizes each for two additional runner-ups. 10 $2,500 University Awards and 10 $2,500 Community Favorite Awards will also be awarded during the hackathon. Moreover, contestants are not limited to a single category. Individual teams can participate simultaneously in multiple tracks, stacking awards in excess of $100,000. Additionally a number of projects in the Sui ecosystem are offering their own separate bounties, adding even more ways for great projects and great teams to benefit.
With the doubling of funding to $1 million, Sui Overflow participants will now be eligible to receive accelerated Sui Foundation Grant Funding along with other benefits including audits and credits to support the successful launch of their projects after the hackathon is completed.
Registration Period: April 21 – May 31
Virtual Demo Day: June 15;
Announcement of winners: Late June 2024
ContactSui Foundationmedia@sui.io
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
