APENFT Foundation Partners With The TRON Ecosystem To Sponsor GameFi Hackathon
The TRON Ecosystem is working closely with Crypt0l0gy, a blockchain and gaming development studio to sponsor the first ever GameFi Hackathon. The hack-a-thon will be taking place on October 19-20th in Sofia, Bulgaria.
The “polkadot” is a cryptocurrency that’s based on the Ethereum platform. The APENFT Foundation has partnered with TRON to sponsor GameFi Hackathon, which will take place in Shanghai, China.
To Support Developers And Promote The Growing GameFi Trend, A Hackathon Is Being Held.
The first-ever APENFT & TRON GameFi Hackathon has been established by leading NFT marketplace APENFT in collaboration with TRON, one of the world’s biggest and most popular blockchain-based operating systems.
GameFi has acquired a lot of traction this year because it blends the DeFi, NFT, and P2E blockchain gaming ecosystems, giving players access to a wide range of earning options. All developers interested in building GameFi projects on the TRON blockchain are welcome to participate in the Hackathon. Registrations and submissions for the Hackathon’s first phase began on December 20th, 2021, and will run through February 20th, 2022.
APENFT Foundation is supporting a $500,000 prize pool for the highly anticipated Hackathon, the results of which will be disclosed on March 1st, 2022, to empower developers and assist drive the expansion of GameFi in the TRON ecosystem. Winning teams will also get assistance from the TRON development team, as well as the chance to present their concepts in the DoraHacks live studio for more exposure. After the Hackathon, the most interesting initiatives will get APENFT’s full support in terms of finance and incubation.
The APENFT & TRON GameFi Hackathon is intended to provide awareness for next-generation GameFi concepts while also providing full assistance from the TRON development team. The Hackathon’s judging panel comprises some of the most well-known figures from Binance Labs, Cadenza, IVC, and EVC, among others.
The Hackathon’s winnings will be given in USDT, with five projects to be chosen based on a total of judges’ votes. The first place winner will earn $200,000, the second place winner will receive $120,000, and the other three winners will receive $80,000, $50,000, and $30,000, respectively. Two more projects will be chosen based on community vote. Both the “Community Choice” and “Developers’ Choice” prize winners will get $10,000 apiece.
APENFT uses the Ethereum and TRON blockchains, as well as the BitTorrent File System (BTFS), to create a link between well-known artists and the blockchain ecosystems, while also enabling crypto-native artists — all using NFTs. APENFT works in a variety of sectors, including support for top NFT platforms and works of art, incubation of notable NFT artists to foster stronger ties between renowned artists and the NFT universe, gallery sponsorship, art show creation, and more.
TRON is committed to using blockchain technology and decentralized apps to accelerate the internet’s decentralization (dApps). Since the introduction of the MainNet in May 2018, the TRON network, which was founded in September 2017 by H.E. Justin Sun, has continued to provide amazing results. BitTorrent, a pioneer in decentralized services with almost 100 million monthly active users, was also integrated into the ecosystem in July 2018. With over 52 million users on the blockchain and upwards of 2.3 billion transactions, the TRON network has exploded in popularity in recent years. TRON also has the world’s highest circulating quantity of stablecoins, surpassing USDT on Ethereum in April 2021. In December 2021, the TRON network reached full decentralization and became a totally community-governed DAO.
Taylor Zhao is a student at the University of California
The “APENFT Foundation Partners With The TRON Ecosystem To Sponsor GameFi Hackathon” is a partnership between the APENET Foundation and the Tron ecosystem. The partnership will provide support to developers in creating games that run on TRON’s network. Reference: centrifuge aave.