Neo, the community-driven open-source blockchain platform, has partnered with IOSG Kickstarter, Web3Labs, Foresight Ventures, and Bitget to launch the Neo X Grind Hackathon. The hackathon, held on Neo’s EVM-compatible sidechain Neo X, offers over $22 million in grants and funding to Web3 innovators. The goal is to discover and empower outstanding Web3 developers to create the next Web3 unicorn project on Neo X.
The hackathon features a prize pool of $70,000 and a total of $22 million in funding and investment, including the $20 million Neo Elevate program, the $1 million IOSG Kickstarter program, and the $1 million Web3.0 Global Acceleration Program jointly established by Web3Labs and Neo. Winners will also have the opportunity to obtain exchange fast track qualifications.
Neo X is a sidechain of Neo that is resistant to malicious MEV, fully compatible with Ethereum tools, and excels in cross-chain scalability and DeFi applications using the dBFT consensus mechanism and sealed transactions.
The hackathon covers multiple fields, including artificial intelligence (AI), decentralized physical infrastructure network (DePIN), infrastructure, decentralized finance (DeFi), SocialFi, real-world assets (RWA), games, and meme-related infrastructure. The hackathon began on October 30 and ended on December 2, with the list of winners to be announced on December 16.
IOSG Kickstarter, Web3Labs, Foresight Ventures, and Bitget are all committed to supporting the development of the Web3 ecosystem and empowering developers to build transformative solutions that will accelerate industry development and drive the next wave of global applications.
