BlockchainCompetition Offering Developers 100 Million Ecosystem Fund

Competition Offering Developers 100 Million Ecosystem Fund

Date:

Supra, a fully integrated Layer-1 blockchain platform with support for multiple virtual machines, in-protocol oracles, verifiable random function (VRF), bridges, and automation features, is excited to introduce its latest initiative, the “Incredible dApp Battle.”

Set to kick off in August 2024, the inaugural season of the competition will see esteemed judges from Supra, Google Cloud, Republic Crypto, Hashkey Capital, and the popular crypto-focused reality TV series “Killer Whales” evaluating and voting on the top projects.

Leading blockchain developers are being invited by Supra to create and deploy what they call “Incredible dApps” on their robust Layer-1 network. Participants will have the chance to compete for investments from Supra’s newly established $100 million Ecosystem Fund.

The Incredible dApp Battle provides developers with a unique opportunity to showcase their projects to an engaged audience of 1.3 million email subscribers and over 500,000 verified token holders on Project Blast Off, Supra’s gamified community platform. The winning team’s dApp will be featured each week on Blast Off, complete with missions and objectives to educate users about the project. Builders can choose from various incentives to distribute, including in-game assets, airdrops, prizes, and NFTs. Users interacting with the dApps can also look forward to partner airdrops, giveaways, and digital collectibles.

Season One of the Incredible dApp Battle will run for three months starting in August. A panel of judges from different categories like DeFi, GameFi, and Web3 Social will select 12 winners. In addition to the “whales” from the “Killer Whales” reality TV series, the judges will include members of Supra’s leadership team.

The judging panel for the Incredible dApp Battle will also include experts from key ecosystem partners such as Google Cloud, Republic Crypto, HashKey Capital, and more. The Supra community will have the opportunity to vote for their favorite dApps, providing valuable input throughout the judging process. Developers interested in participating can submit their applications on Supra’s Incredible dApp Battle website.

Joshua Tobkin, CEO and Co-Founder of Supra, expressed his enthusiasm for the initiative, stating:

Sander Gortjes, Co-Founder of HELLO Labs and Executive Producer of Killer Whales, also shared his thoughts:

Developers will have the chance to leverage Supra’s cutting-edge Layer-1 network during the Incredible dApp Battle, which integrates key blockchain and oracle services like price feeds, verifiable randomness generators, automation, and bridges into a high-performance stack. The platform supports multiple virtual machines, allowing developers from various chains to launch dApps directly on Supra and compete.

The Moonshot consensus mechanism, powering Supra’s lightning-fast speed and robust security, is designed to enhance user experience in Web3. During global testing, Moonshot demonstrated its ability to process 530k transactions per second across 125 nodes globally, with quick finality times. The platform also integrates the Distributed Oracle Agreement (DORA protocol) and Supra’s decentralized verifiable randomization generator (dVRF) to ensure transparency and reliability in dApps.

Developers building on Supra will benefit from the fully integrated Layer-1 platform and the chance to win investments from the $100M Ecosystem Fund. Winning teams will have the opportunity to pitch their projects to top investors on Killer Whales, access Supra’s core services, launch their tokens, receive cross-promotion on social media, and network with partners and venture capitalists.

Supra plans to host additional seasons of the Incredible dApp Battle every three months, allowing more companies to engage with the growing Web3 community. Web3 supporters can follow the competition and apply to showcase their projects on Supra’s application website.

share

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Hot News

Related
Related

Ethereum Reaching $10,000 by 2025 Is Almost Certain, with One ETH-Based Altcoin Expected to Surge by 9,450%

Whether Ethereum will reach $10k in the future depends on the platform’s capacity for network deve...

Seeking the Finest New Meme Coins for Purchase This Weekend? BTFD Coin Offers Attractive Discounts, Floki Inu Experiences Growth, Cheems Witnesses Recovery.

Back in 1973, during the economic slump, some savvy investors saw an opportunity amidst the chaos. T...

The Altcoin with the Highest Trading Volume on Binance

XRP is the most traded altcoin on Binance this December with over $116.6 million in trading volume....

AdEx Introduces Onchain Activity Analyzer Enhanced with Artificial Intelligence

The leading blockchain-based ad-tech platform, AdEx, has introduced AdEx AURA, a cutting-edge artifi...