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. With over $22 million in prizes and funding, the hackathon aims to discover and empower talented Web3 developers to create the next unicorn project on Neo’s EVM-compatible sidechain, Neo X.
Neo founder Da Hongfei expressed excitement about the hackathon, stating that the unprecedented rewards are designed to motivate participants and explore their abilities. The hackathon offers a $70,000 prize pool and a total of $22 million in funding and investment, including Neo’s $20 million Elevate plan, IOSG Kickstarter’s $1 million plan, and a $1 million joint venture with Web3Labs and Neo’s Web3.0 Global Acceleration Program. Winners also have the opportunity to qualify for the exchange’s fast track.
Bitget CEO Gracy Chen believes the collaboration will help entrants advance the development of decentralized finance and beyond. IOSG Kickstarter Incubation Manager Figo said the program provides early developers with resources and guidance to accelerate project development and bring ideas to fruition.
The hackathon focuses on DeFi, games, and meme-related infrastructure, running from October 30 to December 2, with winners announced on December 16. Foresight Ventures Co-Founder Forest Bai expressed excitement about enabling developers to build transformative solutions and drive the next wave of global applications.
Neo combines Ethereum compatibility with advanced technical infrastructure, providing developers with a foundation for their Web3 projects. The platform aims to help developers digitize and automate asset management using smart contracts, seamlessly integrating widely used programming languages and tools while supporting powerful infrastructure like decentralized storage, oracles, and domain name services.
