Solana, the blockchain platform, has announced an open invitation to a hackathon venture exclusively for Indian developers and entrepreneurs.
It has been reported that Solana plans to launch the three-week-long event in collaboration with Devfolio and YouTube influencer Superpumped. Solana’s announcement consists of a free and open invitation to “students, Web2 & Web3 developers, engineers and anyone looking to get into crypto organized in collaboration.”
However, the move toward involving India’s open-source community in crypto may be surprising to those aware of ongoing resistance against Bitcoin (BTC) from mainstream Indian banks such as ICICI. The last date for applying for the hackathon is August 12.
“If you’re an ambitious engineer or developer in India looking to build something, this is the skyhook you’re looking for.”
The report said that in addition to the cash prizes from a pool of $80,000, winning participants will get to raise capital from the Solana Foundation and prominent global investors. This initiative also sees the involvement of prominent crypto figures and entrepreneurs, including former Coinbase chief technology officer Balaji Srinivasan, seed investor Chris McCann, and Cred founder Kunal Shah. The company is also yet to clarify if it intends to pay winners in cryptocurrencies or fiat.
Thus, the Solana ecosystem has been responsible for the birth of several crypto apps and projects.