Connect with us

The Graph News

The Graph will Support Web3 Innovation by Offering $10k in NYC Hackathon Bounties

mm

Published

 on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

This weekend, New York City will see the return of its premier blockchain hackathon, the so-called ETHNewYork. The event will occur between June 24th and 26th at Metropolitan Pavilion, with a number of things scheduled to take place. The Graph, an indexing protocol that queries data for blockchain networks, announced that it will contribute $10,000 in bounties this weekend in NYC.

The Graph announces participation in ETHNewYork

Blockchain technology is decentralized, which means that everything that happens — all the development, decision making, and alike — is done by its community. That includes contributions by exceptional and talented individuals and teams, who come to events such as hackathons to help projects advance by finding potential flaws in them and offering new ideas, innovative approaches, and different points of view.

NYC-based ETHNewYork is one such event that will be visited by blockchain developers, tech experts, skilled hackers, and others who will help the blockchain take the next step in its evolution and development. Meanwhile, The Graph decided to become one of the contributors that will provide rewards for supporting innovation.

With $10k in bounties, hackers will have the incentive to compete in two things — the best use of an existing subgraph, and the best new subgraph. With this contribution, The Graph wishes to encourage users to build and help the blockchain industry take the next step towards achieving Web 3.0.

The Graph has split the funds into 3 rewards for each category, with a reward of $3,500 for the first place, $1,000 for second place, and $500 for the third place in both. All that remains now is for the hackers to show off their skills and win the funds.

What is the ETHNewYork hackathon about?

The hackathon’s own goal is the same. It aims to connect people from all over the world — hundreds of thousands of developers, users, hobbyists, creators, artists, market makers, and others who spend their days and nights thinking up new solutions and ways to use the blockchain to improve the world.

The New York hackathon will bring together all of these communities into one, and provide the perfect opportunity for expert developers to once again surprise the blockchain community with their ideas, as well as for new developers to stand out and get their time under the spotlight.

The event will see the appearance of numerous experts who will speak and share their thoughts about this technology, what direction it is heading in, and what may come next in its development. Many of them will also act as judges during the competitive parts of this weekend’s events, such as Uniswap Labs’ Hayden Adams, Kraken Ventures’ Akshi Federici, Ethereum Foundation’s Austin Griffith, Chris Lema, and Sam Richards, Polygon’s Steph Orphilla, Filecoin’s Alison Haire, and many other representatives of various rising projects.

To learn more visit our Investing in The Graph guide.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.