Sui Blockchain Hackathon Draws Doubled Prize Pool of $1 Million

Sui Overflow, the global virtual hackathon for the Sui blockchain, has seen its funding pool double to $1 million with support from Alibaba Cloud, AngelHack, and dWallet. Builders will compete in categories such as Consumer & Mobile and DeFi, utilizing Sui's features like zkLogin and Randomness. Top projects from previous Sui hackathons have grown into established businesses on the network, demonstrating the fertile ground for innovation that Sui Overflow will provide.

Global Hackathon on Sui Blockchain Attracts Enthusiastic Support, Funding Doubles to $1 Million

Grand Cayman, Cayman Islands, April 22nd, 2024 - Sui, the innovative Layer 1 blockchain renowned for its exceptional performance and infinite horizontal scaling capabilities, has witnessed a surge in support for its groundbreaking global virtual hackathon, Sui Overflow. This hackathon is dedicated to fostering the creation of groundbreaking products on the Sui network.

Initial funding for Sui Overflow was set at $500,000, but thanks to an overwhelming outpouring of enthusiasm from external backers, the prize pool has doubled to an impressive $1,000,000. This substantial reward pool is attracting developers from around the globe to showcase their talents and unveil their innovative projects built on the Sui network.

Notable Organizations Join as Supporters

Among the latest supporters of Sui Overflow are Alibaba Cloud, the leading cloud computing service provider; AngelHack, the renowned global hackathon platform; and dWallet Labs, the title sponsor of the event. These renowned organizations join a growing list of esteemed backers, including Elixir Capital, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, Pyth, Ryze Labs, and ZettaBlock.

Categories and Prizes

Sui Overflow offers multiple categories for participants to showcase their creations, including Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi. Developers are encouraged to leverage advanced technologies within the Sui ecosystem, such as zkLogin, Advanced Move Features, Randomness, and Multi-chain capabilities.

Winners in each category will be rewarded with substantial cash prizes: $30,000 for first place, $15,000 for second place, and $7,500 for two additional runner-ups. Additionally, 10 University Awards and 10 Community Favorite Awards, each worth $2,500, will be presented during the hackathon. Notably, teams can participate in multiple categories, potentially accumulating prizes exceeding $100,000.

Benefits Beyond Prizes

Apart from the generous prize pool, Sui Overflow participants will also have the exclusive opportunity to receive accelerated Sui Foundation Grant Funding. This funding, along with audits and credits, aims to support the successful launch and development of promising projects emerging from the hackathon.

Quotes from Key Stakeholders

Sam Blackshear, Co-founder/CTO of Mysten Labs and the creator of the Move smart contract language, stated, "Sui Overflow presents a fantastic opportunity for developers of all experience levels to showcase their Move skills and explore the unique capabilities of Sui. We've witnessed the birth of remarkable projects from previous local hackathons, so we eagerly anticipate the groundbreaking innovations that will emerge from this first-ever global event."

Greg Siourounis, Managing Director of the Sui Foundation, emphasized, "The homegrown projects that emerge from events like Sui Overflow are the lifeblood of our ecosystem. The overwhelming support from the Sui community has empowered us to expand the potential rewards and provide crucial support to promising projects through funding, audits, and grants."

Omer Sadika, Co-Founder of dWallet Network, expressed his excitement, saying, "Sui Overflow is not merely an event; it's a catalyst for blockchain innovation. We're honored to collaborate with our partners and eagerly await the groundbreaking results that this hackathon will produce."

Registration and Timeline

Interested developers can register for Sui Overflow via the official portal, which also provides comprehensive details about the event. Regular updates will be shared on the Overflow Discord Server.

Registration Period: April 21 – May 31

Virtual Demo Day: June 15

Winners Announcement: Late June 2024

Media Contact

Sui Foundation

[email protected]