Constellation Network Inc. has continued bringing trailblazing innovations in the digital space by announcing its first-ever global Web3 Hackathon, set against the backdrop of emerging technologies such as Constellation Network’s Hypergraph. The event, which began on July 15 and will run until Sept. 9, 2024, is expected to be a game-changer in the world of decentralized technology.
Constellation’s Hypergraph, which was developed under U.S. Department of Defense contracts, serves as a foundational layer for diverse blockchain applications. These are known for their fast and feeless transactions facilitated by Directed Acyclic Graph (DAG) architecture. Features include scalability, security and simplified integration, making it a great option for businesses and governments exploring blockchain solutions. This platform is now open for the public to use.
The Global Metagraph Hackathon is expected to hasten innovation across various sectors, including supply chain transparency, customer engagement and sustainability. Constellation is considered a forward-thinking company, and it acknowledges the potential of Web3 to transform the world around us, which is why it has welcomed developers who are eager to build on Hypergraph, the secure ledger technology behind Constellation Network. Those who plan on participating in the event are highly encouraged to collaborate and develop solutions that leverage Web3 technologies to address real-world challenges.
The best thing about this hackathon is the inclusivity. It empowers developers from diverse backgrounds and skill levels to push the boundaries of what is possible in blockchain technology by launching the next generation of Web3 applications. The participants of the event can take advantage of Constellation’s resources, which include more than half a million in cryptocurrency, industry experts and cutting-edge technologies.
Besides creating groundbreaking solutions, participants will get a chance to win various prizes and impress the world with their innovations. These participants will compete in categories centered around leveraging Hypergraph’s capabilities, aiming to create the most impactful metagraph solutions. Constellations Network plans to reward the category-specific winners with prizes worth $100,000 in DAG through funding, mentorship and potential partnerships. The grand prize for the overall best project is $25,000.
The initiative from Constellation has gained support from various companies, including Panasonic, IBM and others; it has also received institutional backing from the National DigiFoundry. These industry experts and the world at large believe in the hackathon’s potential to propel forward interoperability and collaboration across the blockchain ecosystem. Ben Jorgensen, Constellation Network CEO, believes Hypergraph to be the “blockchain of blockchains,” stressing its capability to unify disparate technologies.
This hackathon is likely to be closely watched by businesses that use Web3 technology, such as Horizon Fintex, since their next solution could be hatched during this event.
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