Home web3.0 Algorand (ALGO) Foundation Announces Winners of Change the Game Hackathon, Launches Incubator Program

Algorand (ALGO) Foundation Announces Winners of Change the Game Hackathon, Launches Incubator Program

Jun 21, 2024 am 07:08 AM

After a rigorous two-month period of creation and collaboration, the Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon

Algorand (ALGO) Foundation Announces Winners of Change the Game Hackathon, Launches Incubator Program

The Algorand (ALGO) Foundation has announced the winners of its Change the Game hackathon after a two-month period of creation and collaboration.

According to the Algorand Foundation, innovators from around the world joined forces to transform groundbreaking ideas into tangible prototypes and proofs of concept.

"As Head of Startup Programs, I'm thrilled about the innovative solutions and talent showcased in our second global virtual hackathon," said Johanna Moran, Algorand Foundation’s Head of Developer Outreach & Programs. "We’re also excited to announce the establishment of an Incubator Program to provide these promising ideas with resources, mentorship, and network access for their successful transition into the next phase of development. Our goal is to nurture these visionary projects into successful ventures."

The Change the Game hackathon offered significant prizes, with the winner of each track receiving 8,000 USDCa, second place 5,000 USDCa, and third place 3,000 USDCa. Additionally, the Grandmaster Prize includes an additional 10,000 USDCa and 25,000 AWS credits. Special prizes of 2,000 USDCa were awarded for the best AI project and the best women-led team.

The grand finale of the Change the Game hackathon, the Grandmaster Demo Day, is set for June 27. Winners from each track will be invited to Decipher, a 2-day retreat in Barcelona that will feature workshops, master classes, and opportunities to advance their business. Here, they will pitch their groundbreaking projects to an esteemed panel of judges.

Here are the category winners:

DeFi

1. SeerBot: A trading bot integrated with Telegram and built on Algorand technology

2. Myrkle: A comprehensive suite of Web3 instruments

3. Gainify: A yield farming token to drive Algorand TVL, volume, and activity

Consumer

1. Rahat Algorand Integration: An initiative to enhance disaster relief with blockchain technology and AI

2. CAN: An Algorand NFT-based cafe discount and membership service

3. Turi: Facilitation of effortless Web3 transactions solely using a phone number

Interoperability

1. AIgoProtect: A decentralized peer-to-peer consensus delegation platform

2. Adamik: A multichain read and write API

3. Algorand MultiChain Wallet Bot: An initiative to manage and bridge multi-chain crypto assets through an intuitive Telegram interface

Bonus Prizes

AI Bonus Prize: SeerBot - A trading bot integrated with Telegram and built on Algorand

Female-led Bonus Prize: AIgoProtect - A decentralized peer-to-peer consensus delegation platform

The Algorand Foundation also announced a new IncubatProgram aimed at supporting entrepreneurs. This 8-week program will provide guidance, resources, and connections to help participants achieve their business goals, according to a press release. The program assists with team formation, ideation, and product-market fit, transforming ideas into exceptional teams ready for rapid scaling.

For more information about the incubator, visit the Notion board.

Congratulations to all participants for their exceptional contributions to the Algorand ecosystem. The foundation eagerly anticipates the Grandmaster Demo Day and the continued development of these innovative projects.

News source:https://www.kdj.com/cryptocurrencies-news/articles/algorand-algo-foundation-announces-winners-change-game-hackathon-launches-incubator-program.html

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