Singapore, Singapore – The Algorand Foundation, an organization dedicated to expanding the ecosystem for the world’s most advanced, secure, and reliable layer-one blockchain, has announced the launch of registration for Build-A-Bull, a global virtual hackathon with $200,000 in prizes.

The hackathon, organized by Algorand Ventures in partnership with AWS (Amazon Web Services), will take place from October 18 to November 15, 2023. Registration is open to everyone and free of charge.

Build-A-Bull is a hackathon aimed at creating user-friendly applications that leverage the power and scalability of the Algorand blockchain. Spanning four weeks, the hackathon provides an opportunity for dedicated developers and entrepreneurs to conceive a business idea, accelerate its development, and ultimately present a final product to a panel of expert judges.

Throughout the process, participants will receive support, mentorship, and access to tools and resources to bring their ideas to life.

Ryan Terribilini, EVP of Algorand Ventures, stated, “With Build-A-Bull, we anticipate attracting a new wave of talented builders to the Algorand ecosystem. We are seeking high-potential, investable startups and founders to bring innovative projects to the Algorand blockchain, and we are confident that participating in Build-A-Bull will catalyze the next generation of Algorand builders.”

The hackathon consists of five tracks, each presented by a different organization. The tracks are as follows: DeFi (presented by Circle), Gaming (presented by Unity), Consumer (presented by AWS), Interoperability (presented by Wormhole), and Impact (presented by Algorand Foundation).

The winner of each track will receive $25,000 and will have the opportunity to pitch their project to investors on a demo day. An additional $10,000 grand prize will be determined by a public on-chain vote, along with $25,000 in AWS credits. The second and third-place winners of each track will receive $10,000 and $5,000, respectively. The judges will also award a bonus “university prize” of $5,000.

The judging panel consists of industry leaders and investors, including QCP Capital, DWF Ventures, and Blockchain Capital. Projects will be evaluated based on criteria such as the team’s skills and strength, the project’s design and interface, the quality of the pitch, and the potential for market adoption.

For more information and to register for Build-A-Bull, please visit the official website.

About Algorand Foundation:
The Algorand Foundation is committed to fulfilling the global potential of the Algorand blockchain by ensuring sound monetary supply economics, decentralized governance, and a thriving open-source ecosystem. Designed by MIT professor and Turing Award-winning cryptographer Silvio Micali, Algorand achieves transaction speeds comparable to traditional finance, with immediate finality and near-zero transaction costs, operating 24/7.

For more information, please visit the Algorand Foundation website.

Contact:
Eric D, Algorand Foundation