Metaverse Alliance Launches Metathon; $50M in Prizes and Seed Funding

Metaverse Alliance has announced the launch of its online Metaverse Hackathon (Metathon) for all Metaverse enthusiasts around the world.

Sponsored
Sponsored

The Metaverse Alliance team believes that the Metaverse will create long-term value in the future and that both real and virtual worlds will exist in parallel with few boundaries.

Metathon comes from the portmanteau of Metaverse and hackathon. It is seeking to create a viable platform for great developers who have the imagination and vision of the Metaverse. The metathon is for those who believe that many protocols and Web 3.0 tools are necessary for everyone in terms of Metaverse infrastructure. It is also open to artists who understand the future direction of nonfungible tokens (NFTs).

Sponsored
Sponsored

The Metaverse Alliance has cooperated with leading funds such as Republic, Delphi Digital, LD Capital, YGG, HashKey Capital, IOSG, Binance Labs, Huobi Ventures, OKEx Blockdream Ventures, KuCoin Labs, MEXC Pioneer, DHVC, D1 Ventures, Maven Capital, Kardiachain and more (Find out more on the website), top tier public chains such as Solana, Avalanche, Flow, Neo, Klaytn, Multiverse, active DAOs, experienced cryptocurrency experts and project founders that have already made their mark in the cryptocurrency space.

They will also be joining forces with leading artists to design amazing and limited-edition identity nonfungible tokens (NFTs). Registration for the Metathon and submission runs from December 1 2021 to January 3, 2022, while the preliminary judging is scheduled for January 4, 2022, to January 7, 2022.

The finalists will be announced on January 8, 2022, while the preparation and submission for the final will run from January 9, 2022, to January 15, 2022. Also, the final judging will be from January 16, 2022, to January 20, 2022. The winners will be announced on January 21, 2022. 

Welcome to apply on this link.

Five themes of the Metathon

Metaverse infrastructure

The Metaverse infrastructure track includes specific topics such as decentralized identity, productive tooling, and cross-chain transfer of NFT/FT assets, etc.

GameFi

This includes any and all kinds of GameFi projects.

DAO tool

The manual management of DAO assets is grossly inefficient and untransparent, and current DAO tools have relatively high barriers and are not user-friendly.

SocialFi

This involves high-quality, on-chain content sharing.

Financial NFT

The use of NFT specialties to generate more flexible financial products.

The Metathon prize

There is $410,000 in the prize pool, and the winner of each of the five themes will walk away with $25,000. The second and third runner up for each theme will also go home with $15,000 and $10,000, respectively. The most creative project will receive prize money of $8,000, while the most promising project will receive $8,000.

Also, the most popular project will be rewarded with $10,000, while $8,000 goes to the best tech project. The best design project and best prospect project will receive $8,000, each.

There will also be “sponsor grant” prizes worth $110,000, which are distributed as follows:

  • Klatyn sponsorship grant of $50,000
  • Cradles sponsorship grant of $40,000
  • NEO sponsorship grant of $10,000
  • Multiverse sponsorship grant of $10,000.

Eligible participants

The Metathon is open to developers, entrepreneurs, and teams from across the globe. All participants must be at least 18 years of age. Although participants can submit projects individually, they are encouraged to do so as a team (3–5 members is ideal). To be officially eligible for the prize giveaway, all team members must provide their CVs as Metathon participants. None of the Metathon organizers or their family members will be allowed to participate. To apply, visit the Metaverse Alliance official website for more details and requirements.

About Metaverse Alliance

Metaverse Alliance is a team of Metaverse enthusiasts and blockchain believers. They are on an adventure to explore the infinite possibilities of the Metaverse, and they seek to bring all enthusiasts together. They want to support promising Metaverse projects even if the idea is yet to fully take shape.

Social Links:  Website | Twitter | Medium | Discord | Telegram.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

The opinion of BeInCrypto staff in a single voice.

Follow Author