Layer 1 Blockchain Supra Launches dApp Contest With $100M Ecosystem Fund
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Source: Depositphotos Fully vertically integrated blockchain Supra has announced a $100M fund to kickstart ecosystem development. The fund has been designed to incentivize third-party developers to create and deploy applications on the Layer 1 chain, which boasts multi-VM support. Dubbed the Super dApp Showdown, the contest has been designed in the manner of a TV game show, complete with unique seasons and a panel of noteworthy judges tasked with identifying the ultimate winners. The maiden season of Super dApp Showdown is set to commence in August and will see teams compete for a share of the $100M prize fund. From the top Web3 champs to new challengers, get ready for the ultimate arena — The Super dApp Showdown.https://t.co/HxC3DbwgNYWe’re taking blockchain to the next level with full vertical integration of all core services and multiple VMs into one powerful Layer-1 for Super… pic.twitter.com/lsQbtvVTB6 — Supra (@SUPRA_Labs) June 13, 2024 Bringing Top Talent to the Table Web3 developers entering the industry are faced with the difficult task of picking the blockchain ecosystem in which they wish to operate. The architects of L1 and L2 chains, meanwhile, are competing to attract developers who can create applications with genuine utility that will attract real users. Through incubation and grant programs, blockchains can incentivize developers to build on their network while providing the network and investor introductions to help these teams realize their full potential. In the case of Super dApp Showdown, the contest judges will comprise Supra as well as representatives from Google Cloud, Republic Crypto, Hashkey Capital, and the crypto-focused reality show Killer Whales. It’s an eclectic mix of judges who will hopefully be appraising an equally eclectic bunch of dApps spanning use cases ranging from GameFi to DeFi. According to Supra CEO Joshua Tobkin, “Attracting the right builders and founders…
Filed under: News - @ June 14, 2024 7:20 am