Chiliz announces hackathon for dapp developers

The best project will receive a grant of $10,000

Chiliz (CHZ) announced that it will hold a hackathon aiming to change how fans interact with their favorite games. The developer who can create the best decentralized application (dapp) on Chiliz Chain in this event can win $10,000 as the grand prize.

The hackathon’s ultimate objective is to encourage participants to come up with dapps that will greatly improve fan involvement among various sporting communities. The Chiliz team anticipates people taking advantage of the technology’s potential by developing fresh ways that completely redefine digital fandom.

The participants can focus on fan utility projects or sportfi projects when coming up with ideas. The primary aim of fan utility projects is to develop platforms that maximize the utilization of Fan Tokens. This could be achieved through improving social experiences among users, enabling seamless commerce transactions between different parties as well as enhancing live event participation through innovative apps.

On the other hand, sportfi projects are meant for creating decentralized exchanges (DEXs), lending platforms, or socialfi applications that either integrate Fan Tokens or strengthen the sportfi infrastructure.

The most promising projects will be given the biggest rewards at the hackathon. The first-place project will get $10,000. The project that lands at the second spot will receive $6,000 and there is also a Community Award of $4,000. After specific developmental milestones are met by participants, prizes will be awarded in three separate portions.

In addition to this financial compensation, winners can expect a great deal of visibility from Chiliz’s brand campaign as well as throughout web3 sports circles — with the added benefit of creative refinement assistance for their ideas courtesy of the company itself.

While detailed rules for participating in next week’s event have yet to be released developers are already being urged to start thinking about what kind of dapp they want to make. Getting acquainted with Chiliz Developer Documentation could help them come up with more complete ideas that meet all objectives set forth by the competition.

Chiliz (CHZ) remains at the forefront when it comes to integrating blockchain into sports hence providing fans together with developers the necessary tools required for engaging sports fans in a meaningful way.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.