Metaverse Alliance sees the metaverse as the future, merging the virtual and real worlds. A hackathon has been announced by the Alliance for the metaverse. It is called a Metathon.

Metathon is designed to give different projects different chances to submit their creations and help make the metaverse a real reality. As an incentive, the Metathon is giving away $50 million worth of prizes.

Metathon Timeline

You can register and submit your Metathon projects starting December 1st and running until January 3rd, 2022. Submissions will be evaluated by judges starting the day after, which is. 4th January. On the 8th, finalist will be announced.

Projects that are selected for the final round must present their final projects by 15 January. Next, judges will start to review the final submissions. The winners will be announced on 16 January.

You can join in on five different themes during the Metathon.

• Infrastructure: There are many projects to support and enhance the metaverse infrastructure, such as cross-chain token usage, identity verification and other tools.
• DAOs: These DAOs are not efficient and do not make life easy for ordinary users. They must be made easier to use and break down any barriers.
• GameFi: Games that link gaming and DeFi.
• SocialFi: A social media platform that allows content creators to share their work and earn.
• NFT Financial: Using NFTs for different financial products and services.

Each category wins $25,000 while the second and third runners up take $15,000 each. Other prizes include $10,000 for the most popular project and $8,000 for best creative, promising and tech-related project.

The Metathon also offers different prizes for sponsors:

• Klatyn Sponsorship grant $50,000
• Cradles Sponsorship Grant: $40,000
• NEO Sponsorship Grant: $10,000
• Multiverse sponsorship grant for $10,000

Rules for Metathon

Metathon, which aims to open the event to as many possible possibilities as possible, also sets some rules applicants and aspirants must follow:

• All are welcome, including entrepreneurs and teams from around the globe.
• Participants must be minimum 18 years of age
• You can submit an individual application, however teams of at least three members are strongly encouraged.
• Include their personal CV, including their background and skills.
• Participants are prohibited from participating with organizers and their family members.

Metaverse Alliance

The Metaverse Alliance is a group of blockchain developers and enthusiasts who believe in metaverse’s power. They seek to explore the potential of its practical application. Many prominent names from the industry have collaborated with the Alliance, such as Binance Labs and Huobi Ventures and blockchains such as Flow and NEO.

Metathon provides a platform for established and startup platforms as well as blockchain developers to show their ideas and projects to high-profile judges. Potential investors will also be more interested in seeing the submitted submissions featured during the hackathon.

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