The Solana Foundation has launched the 12th "Cypherpunk" International Hackathon with a total prize pool of over $500,000.

The Colosseum "Cypherpunk" hackathon is an online competition providing a competitive platform for the next generation of developers on the Solana network. Participants who register for the competition can compete for a total prize pool of over $500,000, $250,000 in early investment, and 1:1 incubation qualification from the Colosseum accelerator. (Background: Bloomberg analysts indicate that the Solana staking ETF is expected to be listed within weeks, with several issuers collectively updating their S-1 filings.) (Context: A 10-fold big pump in two days, possibly the most abstract Perp DEX on Solana.) This article is a promotional piece written and provided by the Solana Foundation and does not represent the views of BlockTempo, nor is it investment advice, purchase, or sale recommendations. See the end of the article for a liability disclaimer. The Solana Foundation announces the launch of the "Cypherpunk" hackathon and has opened registration on the Colosseum platform. As the twelfth hackathon organized by the Solana Foundation, the "Cypherpunk" hackathon aims to provide a competitive platform for the next generation of developers on the Solana network. This hackathon is currently ongoing and will last until October 30. Participants in the "Cypherpunk" hackathon can use the Colosseum online platform to create developer profiles, find teammates, exchange new ideas, learn about the tracks of this competition, and register to compete for a total prize pool of over $500,000, $250,000 in early investment, and 1:1 incubation qualification from the Colosseum accelerator. Participants can receive up to $30,000 in individual rewards and special project bonuses. Over the past year, the Solana network has gained momentum due to the relentless innovation from its ecosystem developers. These innovators have transformed the Solana network into the preferred platform in fields such as DeFi, RWA, consumer applications, stablecoins, social, and DePIN. From solutions that enable merchants to accept USDC payments, achieve near-instant settlements, and offer low transaction fees, to a series of new applications emerging beyond the DeFi space, Solana developers have made significant contributions to the diversification of network applications. "Hackathons play a crucial role in the continued growth of the Solana network; they foster 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 realized on Solana." To further encourage the exploration of new application scenarios on the Solana network, the Cypherpunk hackathon focuses on six major areas: DeFi hosted by Arcium, RWA hosted by Forward Industries, consumer applications hosted by Raydium, stablecoins hosted by Reflect, infrastructure hosted by Triton, and a free track hosted by the Solana Foundation. The best projects will receive a total championship prize of $30,000 awarded by Phantom. Additionally, three special awards will be given for the best public welfare project, best campus project, and Solana mobile application project. Hackathon winners will also have the opportunity to be selected for the Colosseum's accelerator program, receiving $250,000 in pre-seed funding, resource connections, and 1v1 assistance. "We are very excited to hold the next Solana Foundation hackathon on Colosseum," said Matty Taylor, co-founder of Colosseum. "The developer community on Solana is vibrant, and we are honored to support them in the most critical steps of their journey. We look forward to collaborating with the Solana Foundation and many other partners in the Solana ecosystem to continue encouraging experimentation, entrepreneurial innovation, and the resolution of real-world problems." According to incomplete statistics, over the past four years of hackathons, more than 80,000 developers have participated in the hackathons organized by Solana, over 6,500 projects have gone live, raising a total of over $700 million, and star projects such as Jito, Drift, Kamino, Tensor, io.net, Marinade, and Solend have emerged. Teams and developers interested in participating in the hackathon can visit (promotional disclaimer: This content is a promotional piece provided by the contributor, who has no relationship with BlockTempo, and this article does not represent BlockTempo's position. This article does not intend to provide any investment, asset advice, or legal opinions, nor should it be regarded as an offer to buy, sell, or hold assets. Any services, plans, or tools mentioned in the promotional content are for reference only, and the final actual content or rules are subject to the announcements or explanations made by the contributor. BlockTempo is not responsible for any risks or losses that may arise, and readers are reminded to exercise caution in verifying any decisions or actions before proceeding.) Related Reports: A 10-fold big pump in two days, possibly the most abstract Perp DEX on Solana. OSL HK lists BNB, becoming the first exchange in Hong Kong to support BNB, opening 3 trading pairs for professional investors. Bloomberg analysts indicate that the Solana staking ETF is expected to be listed within weeks, with several issuers collectively updating their S-1 filings. "The Solana Foundation launches the twelfth international hackathon 'Cypherpunk' with a total prize pool of over $500,000." This article was first published in BlockTempo, the most influential Blockchain news media.