Launched on March 15th, The Spring 2021 Chainlink Virtual Hackathon has registered over more than 3,500 participants. The three-week event is an excellent opportunity for developers across the Chainlink ecosystem to connect and collaborate across DeFi, NFTs, gaming using Chainlink’s oracle network and leading web3 technologies. Running through April 11th, the event is offering team members to win over $125,000 in prizes.
A $3,000 NFT & Gaming prize is reserved for this year’s virtual hackathon. In addition, a $5,000 prize will be awarded for a social impact project in partnership with the UNESCO Global Education Coalition.
The Chainlink grant program-funded prize will be awarded to a hackathon project that integrates Chainlink to deliver meaningful social impact in education.
Projects like dynamic NFTs powered by Chainlink VRF that incentivize and gamify education to reduce school dropout rates and support lifelong learning will also be featured in the event.
Mickey Graham, Head of Growth at Chainlink Labs, believes that NFTs have the potential to upgrade accordingly to one’s external environments:
"Over time, I believe we’ll see NFTs evolve and transition into more dynamic assets, where external data and events that happen off-chain power upgrades or changes in NFTs. A great example of this, and once we’d love to see built during the Spring 2021 Hackathon, would be an NFT-powered learning badge for a skills-based course that is upgraded or powered up as off-chain modules are completed and recorded on-chain."
The 2021 hackathon is also emphasizing blockchain's potential in government services too.
A $5,000 GovTech Prize will be awarded to those teams that use Chainlink-powered smart contracts to deliver meaningful GovTech innovation. The GovTech Prize is sponsored by the LINK Community Grant Program in partnership with the Mayor’s Office of Reno, Nevada.
Chainlink's native LINK currency is currently trading 0.60% lower at $27.81. In the past weeks, digital currency gained 2.4% and 6.2% in the past month.