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Moledao Launches Web 3.0 Hackathon on the Metaverse

Moledao Launches Web 3.0 Hackathon on the Metaverse
Image Source: bitcoin.com

Moledao, an online social platform for crypto lovers, has announced its upcoming Web 3.0 Hackathon. This groundbreaking hackathon will be conducted in the metaverse, from 15th November 2021 to 9th January 2022. Web 3.0 ( 'Web' refers to the world wide web) is the next level of tech evolution that would make the internet smarter, decentralised and more secure, powered by distributed ledger technology, blockchain and decentralised finance (DeFi). 

It gives its users much greater control over their data; Web 3.0 includes Apple's Siri, Wolfram, Alpha, etc. Moledao is a social platform for all the blockchain enthusiasts who want to learn, grow and innovate in the latest blockchain technologies with pioneers and innovators. It provides one-stop educational services, blockchain education courses and global hackathons, which improvises participants' knowledge of blockchain, i.e. learning by doing. 

The main aim of Maldeo is to connect international blockchain talents through hackathons, empower the global blockchain talent by providing blockchain education and grow the blockchain talent pool through industry collaborations. 

In this Web 3.0 hackathon, Maldeo has invited developers from all over the world to work on real-life solutions related to the central theme. The recommended tracks include:

  1. Multi-chain decentralised Applications(dApps) - create cross-chain interoperability solutions.
  2. Metaverse- create purpose-built metaverse or build on top existing metaverses.
  3. Decentralised Autonomous Organizations (DAOs) - build and govern truly community-owned DAO initiatives.

Maldeo is organising this hackathon with the support from BitDAO, Bybit, Blockchain infrastructure and Web3 collective, which includes established organisations like EthSign, Mask, Torus, Biconomy, Polygon, PingCAP, and Alchemy Pay.

A total prize pool of 100,000 USD has been decided by Maldeo for the hackathon.

  • Registration will be open from 15th November, which will last till 31st December.
  • Workshop training courses will begin by the end of November followed by the announcement of the topic for the competition by 20th December.
  • Maldeo will be conducting the online competition between 20-31 December. -The finalists will be announced by the judges by 3rd January.
  • Opening ceremony for hackathon finals will be conducted on 8th January.
  • Finalists will demonstrate their projects, and the results will be announced on the said day, i.e. 9th January.

The whole hackathon will be conducted in three stages: Registration+ Team formation, Preliminary review and Finals. Participating candidates will be allowed to secure venture capital institutional investment, mentorship from industry experts and win a total of $100k.

What is metaverse? 

Metaverse is a virtual reality construct where users live within a digital universe. It includes different technology elements like virtual reality, augmented reality and video, which gives users a real-time digital experience. Its applications could vary from online gaming to digital avatars, and users can buy digital land and other assets using cryptocurrency. Although Mark Zuckerberg has already changed Facebook to Meta, estimates suggest that it will take years before the metaverse becomes mainstream. With the expansion of metaverse in future, users will be provided with a hyper-real alternative world.