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Cardano EMURGO BUILD 2023: $2M Prize Pool For Web3 Builders

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EMURGO, the blockchain technology company and one of Cardano’s founding entities has announced its upcoming hackathon, Cardano EMURGO BUILD 2023, in collaboration with DoraHacks, the world’s most active multi-chain Web3 developer community.

EMURGO has some exciting news to announce to the Cardano dev community. Read the thread????below and let us hear your thoughts!

— EMURGO (@emurgo_io) April 14, 2023

The upcoming web3 hackathon, which is organized by a founding entity of Cardano, will be the biggest ever and is scheduled to commence next month. A total prize pool of $2 million will be awarded to the winners of this online event, which is open to all.

EMURGO invites all the network’s builders and those interested in building on the network to participate in their BUILD competition, which offers three different tracks to choose from and develop upon: DeFi Derivatives, Aggregators, and Zero-Knowledge (ZK).

Cardano Dev Community Excited For EMURGO’s Latest Announcement

According to community response, the network’s OG Chris stated that EMURGO is looking for someone to build a Cardano version of GMX, which includes options, futures, margin trading, and aggregators. This type of platform brings together all the Defi platforms in an ecosystem, allowing users to find the best price for their transactions.

They are looking for someone to build a Cardano version of GMX, options, futures, margin trading, aggregators = Cardano 1-inch type, brings together all the Defi platforms in an ecosystem. So from your wallet you can to a defi transaction and the aggregator will find best price

— Chris O (@TheOCcryptobro) April 14, 2023

The hackathon aims to drive the growth of startup building on the network through 1:1 mentoring and workshops involving the Cardano blockchain roadmap. 

It aligns with EMURGO’s focus on the network across Fintech and Infrastructure with YoroiWallet, AnzensOfficial for Cardano stablecoin USDA, emurgo_in for its devs, CardanoSpot for the community, and EmurgoAfrica for incubation and investments in the Middle East & Africa.

The investment division of EMURGO, known as EMURGO Ventures, finances projects that are compatible with the network’s ecosystem and have the potential to expand to other blockchains as well. 

They recently organized a business pitch event and mini-hackathon in Thailand in collaboration with Bitkub, a digital asset leader in the country.

However, the community response to the hackathon announcement has been positive, with some expressing excitement for the event and others promoting their own projects. 

EMURGO encourages everyone to follow their account for more information and to share the news with the Cardano community.

Nevertheless, the EMURGO BUILD 2023 Hackathon is a promising opportunity for developers to showcase their skills and build on the network’s growing ecosystem.

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