The GameFi industry started to grow rapidly this year and Binance Smart Chain has become one of the most popular blockchains for blockchain gaming, primarily thanks to its cheap and fast transactions and thriving community.
Binance Smart Chain has just launched a series of super heavyweight announcements like the $1 billion growth fund for the BSC ecosystem and the flagship programs - Most Valuable Builder III and MVB Incubation Program. All actions actually have one common goal, which is to capture the most promising and demanding applications and support the best of them. For example, In MVB III: Beyond the Big Bang which is now the major window between Binance Smart Chain and its ecosystem, BSC focuses on the projects from the following areas: high-performance infrastructures, NFT and GameFi, and advanced DeFi legos. Among these, GameFi is a direction that BSC is keeping a very eye on now considering its rapid growth this year.
We want to boost the growth of this part of the BSC ecosystem and attract even more talented developers, and we are looking for even more talented developers globally and regionally. Hereby we’re introducing the BSC GameFi Hackathon for Central & Eastern Europe.
Duration: the hackathon will start on 18th of October and will last for 2 weeks till the 31st of October. The prize pool will be over $70,000. All details are presented below.
Hackathon task: Develop a GameFi project with strong IP or collectibles
We are accepting Open Source projects related to GameFi, Collectibles, as well as projects developing infrastructure for GameFi built on Binance Smart Chain. Projects could be at zero or early stage of development.
It can be games with mechanics that will allow users to earn money by playing it. No limitations for genre.
Voting and funding mechanism
The event will consist of 2 phases:
18 - 31 October
To determine the leaders, we will use the quadratic funding algorithm, and make the ladder of projects by the quadratic results of the community members' voting.
Each member of the community will be able to donate to any project (or projects) that they like using their own funds. On the hackathon page on the Hackerlink website, after selecting a project you like, you can click on "Vote". The distribution of votes from the community will ultimately determine what projects will be picked for phase 2.
Anyone can use BUSD to vote on projects and teams they like, donations from BUSD will be directly transferred to projects.
All projects will receive their funds from quadratic funding and Top-3 projects will also receive grant based on following proportions:
Mission Street Ventures
Infinity Ventures Crypto
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About MVB Program
Most Valuable Builder Program (MVB) is the flagship program on Binance Smart Chain, aimed at providing the ecosystem with the best support. It’s under the umbrella of the $1 billion growth fund from Binance.com which will distribute $300 million to the MVB program, including $200 million out of it being used to expand MVB and incubate 100 innovative dApps and infrastructure provides building on top of BSC. The ongoing MVBIII program is focusing on high-performance infrastructures, NFT and GameFi, and advanced DeFi legos.
Frequently Asked Questions (FAQ)
Can I participate alone?
Yes. Both individual participants and entire teams of developers from Russia, Ukraine, Eastern Europe can participate (the event is open for both beginners and experienced developers).
How will the selection take place?
Participants need to register for the hackathon, fill out a form and apply on the hackathon page on the Hackerlink website. The team captain must prepare and upload a presentation or video of a demo of the project to Google Drive, and upload a link to the demo in his personal account.
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