GDA Capital and Coinweb have unveiled the 'Next Top Blockchain Startup' Competition for Summer 2024, offering an impressive $200,000 USD prize pool. This initiative aims to foster innovation and growth within the Web3 industry by providing emerging blockchain entrepreneurs with essential funding, industry exposure, and educational opportunities.
Scheduled to take place over the four weeks of July, the competition will feature multiple developer tracks supported by leading blockchain infrastructure partners. Participants will benefit from an educational program designed to help them build thriving businesses and will have the opportunity to secure vital funding by pitching their business ideas in a live case competition setting.
The Next Top Blockchain Startup competition offers new development teams not only funding but also exposure to essential industry relationships and educational content. Supported by leading protocols, organizations, investors, and a broad network of mentors from academia, enterprises, and developer communities worldwide, the competition is set to be a transformative event for the blockchain industry.
Michael Gord, Founder and CEO of GDA Capital, emphasized the importance of guiding the next generation of blockchain entrepreneurs. 'Guiding the next generation of blockchain entrepreneurs from ideation to realization is more than a mission; it's a necessity for the industry's evolution,' Gord stated. Toby Gilbert, Co-Founder & CEO of Coinweb Labs, also highlighted the significance of the competition. 'It is events like these that truly push the industry forward. We at Coinweb are eager to showcase the untapped potential residing within our community, setting the stage for the natural evolution of the internet,' said Gilbert.
Coinweb Labs, the core contributor of The Coinweb Protocol, a Layer 2 cross-chain protocol, has recently announced a $10M grant for startups building on the platform and has offered a portion of this grant to fuel the competition. This year's event introduces new developer tracks led by forefront companies in the blockchain space, including:
- Interoperability by Coinweb
- Decentralized Cybersecurity by Naoris
- Revolutionary Asset Management with the ERC-7621 Basket Token Standard by Alvara Protocol
- Web3 Competitive Gaming by Moxy
- AI Future by a global AI Web3 Launchpad
- POGE (Proof Of Green Energy) Mining/Blockchain by SolarX
The competition has also partnered with key institutions within the blockchain space, such as the Blockchain Education Network, which aims to bring participation from the brightest young minds around the world. This partnership is designed to inspire the next generation of builders to focus on developing Web3 applications.
Participation is open to all, with sign-ups available on Devpost. This initiative by GDA Capital and Coinweb represents a significant opportunity for blockchain entrepreneurs to gain vital funding, industry exposure, and educational support, positioning the event as a crucial driver of innovation and growth in the Web3 sector.
