HomeNewsHarness the Power of SHIB: Shiba Inu's $5,000 Hackathon Aims to Boost...

Harness the Power of SHIB: Shiba Inu’s $5,000 Hackathon Aims to Boost Shibarium

- Advertisement -
  • Shiba Inu propels innovation with the Shibarium Hackathon, offering a grand prize of $5,000 in BONE, the governance token of ShibaSwap.
  • The hackathon targets tech enthusiasts, Web3 developers, and designers to build diverse applications using smart contracts on Shibarium’s Puppynet.

Shiba Inu, the well-known cryptocurrency project, has initiated an innovative community activityβ€” the Shibarium Hackathon. This latest endeavor aims to nurture collaborative growth and creativity in anticipation of the mainnet launch of the Shibarium layer-2 scaling solution.

A Summer of Innovation and Collaboration

In an exciting phase coined the ‘Summer of Shibarium,’ the Shiba Inu community is all set to witness a surge of new releases and updates. It’s during this vibrant period that the Shibarium Hackathon was announced, further amplifying the anticipatory buzz within the community.

Launched on June 30, the Hackathon, as revealed by marketing specialist Lucie, is designed to encourage inclusivity, foster collaboration, and ultimately, drive innovation. The event offers a grand prize of $5,000 in BONE – the governance token of ShibaSwap that will also serve as gas fees on the upcoming Shibarium mainnet.

The hackathon is an open call to tech enthusiasts, Web3 developers, designers, and visionaries, encouraging them to form diverse teams and work on ambitious projects in a supportive environment. The challenge? To construct new solutions and applications within a variety of sectors including Decentralized Finance (DeFi), zero-trust finance, Distributed Cloud Operating System (DC/OS), and healthcare.

The Rules of Innovation

To ensure fair competition and promote originality, the Shiba Inu team stipulated certain ground rules for hackathon participants. The use of the Shibarium testnet, Puppynet, is mandated for all smart contracts utilized in building applications during the event. Furthermore, participants are expected to document their work adequately as this will form part of the judging criteria.

The Shiba Inu team clarified that while they’ve suggested a few domains, teams are free to create solutions in any area of their choosing. However, to maintain an equal opportunity platform, all applications must be completely new and original.

Adding to this, short videos spanning 2 to 5 minutes, showcasing their work, are to be submitted by participants as part of their work documentation. This rule seems to underline the Shiba Inu team’s commitment to transparency and detailed evaluation during the hackathon.

This news follows closely on the heels of the recent launch of the Shibarium Beta Bridge for public testing. As Shytoshi Kusama, the pseudonymous developer behind Shiba Inu, has noted, these developments hint that the Shiba Inu’s Layer 2 scaling solution, Shibarium, is on the verge of going live on the mainnet, an event eagerly awaited by the SHIB community.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628