Solana Foundation Launches the 10th “Radar” International Hackathon

The Solana Foundation has announced the launch of the “Radar” hackathon, which is now open for registration on the Colosseum platform. As the 10th hackathon held by the Solana Foundation, “Radar” is an online competition designed to provide a competitive platform for the next generation of developers on the Solana network. The hackathon will run from September 2 to October 8, 2024.

Participants in the “Radar” hackathon can use the Colosseum online platform to create a developer profile, find teammates, exchange new ideas, learn about the track of this competition, and register to compete for a total prize of more than $600,000, $250,000 in early investment, and 1:1 incubation qualifications from the Colosseum accelerator. Participants can receive up to $50,000 in individual rewards and special special bonuses.

Over the past year, the Solana network has gained momentum due to the relentless innovation of developers within its ecosystem. These innovators have made the Solana network the platform of choice for payments, consumer applications, games, social, and DePIN. From solutions that enable merchants to accept USDC payments, achieve almost instant settlement and low fees, to a range of new applications emerging outside the DeFi field, Solana's developers have made great contributions to the diversification of network applications.

"Hackathons play a vital role in the continued growth of the Solana network, and they cultivate a culture of innovation and collaboration," said Dan Albert, Executive Director of the Solana Foundation. “These events empower developers to create meaningful solutions that will disrupt industries, solve real-world problems, and develop practical applications that can only be achieved on Solana.”

To further encourage the exploration of new use cases on the Solana network, the Radar Online Hackathon focuses on seven major areas:

· DePin hosted by Solana Mobile

· DeFi hosted by Drift

· DAOs and Communities hosted by MetaDAO

· Payments hosted by Portal

· Consumer Applications hosted by Dialect

· Games hosted by MagicBlock

· Infrastructure hosted by Wormhole

The best project will receive the Grand Champion Award from Sphere, which includes $50,000 in USDC and three tickets to Breakpoint, the Solana Foundation’s annual conference in 2025. In addition, three special awards will be presented, namely the best public welfare project, the best climate protection project, and the best campus project. Hackathon winners will also have the opportunity to be selected into Colosseum's accelerator program, receiving $250,000 in pre-seed funding, resource links, and 1v1 support.

“We are very excited to host the next Solana Foundation hackathon on Colosseum,” said Matty Taylor, co-founder of Colosseum. “Following the success of Hyperdrive, Solana’s developer community is full of vitality. We are honored to support them at the most critical step in their journey. We look forward to working with the Solana Foundation and many other partners in the Solana ecosystem to continue to encourage experimentation, entrepreneurial innovation, and solving real-world problems.”

According to incomplete statistics, in the past three years of hackathons, 60,000+ developers participated in the hackathons held by Solana, 4,000+ projects were launched, and the cumulative financing exceeded 600 million US dollars, giving birth to star projects such as Jito, Tensor, io.net, Marinade, Solend, etc.

Teams and developers who want to participate in the registration of hackathons can visit colosseum.org/radar