Sonic SVM, the primary chain extension for Solana, has launched its $1 million Mobius Hackathon, inviting builders to construct decentralized functions (dApps) on its gaming-optimized platform.
The occasion, which begins on February 17 and runs till March 14, goals to speed up innovation throughout a number of blockchain verticals, together with gaming, decentralized finance (DeFi), and synthetic intelligence (AI).
Hackathon Tracks and Judging Standards
In line with a press statement shared with CryptoPotato, the hackathon will characteristic 4 distinct tracks: Consideration Capital Market, DeFi, AI, and Gaming. Contributors within the occasion shall be tasked with creating apps that tackle particular wants inside these classes. This can embody content material tokenization for social media platforms, yield-generating instruments, AI agent aggregators, and high-revenue gaming experiences.
Moreover, a panel of business consultants will consider submissions on the premise of their innovation, technical depth, and viability in the actual world. The judges may also provide constructive suggestions to assist the collaborating groups refine their tasks, making certain all of them acquire helpful suggestions from the expertise.
The consultants are anticipated to share updates on social media, selling standout entries within the hackathon to spotlight the potential of Sonic’s ecosystem. As soon as the competitors runs its course, they may assess last submissions and announce winners on April 2, with the $1 million prize pool distributed throughout the highest tasks.
Sonic hopes the initiative will assist speed up the expansion of its ecosystem, whereas demonstrating its potential to enhance Solana’s scalability through a specialised high-performance layer.
Sonic’s Framework and Current Milestones
The platform is constructed on HyperGrid, a horizontal scaling framework for orchestrating Solana rollups. It allows video games to launch their very own blockchain layers, which lets builders create extremely customizable sport economies.
Final yr, Sonic celebrated the success of its incentivized testnet known as “Odyssey,” which noticed greater than 100,000 wallets related to it and 17 million transactions carried out on it.
The launch of the hackathon comes on the again of reports that apps on Solana had generated 10 occasions extra income than their Ethereum counterparts. Over a 24 hour interval in mid-February, Solana apps raked in as much as $8.4 million, dwarfing Ethereum’s $875,000. The pattern was additionally witnessed within the community’s buying and selling quantity, the place Solana recorded exercise price $5.39 billion in comparison with its greater rival’s $2.14 billion.
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