Harmony Announces Million Dollar Hackathon Aimed To Bring Traditional Finance And DeFi Together

The blockchain harmony opened registration for a hackathon that will start with more than one next month Millions of dollars in seed capital and prizes for participants.

In an announcement made on Twitter on Thursday, harmony He said that the hackathon would focus on attracting more people from traditional finance to the challenges that connect their areas and decentralized finance. The protocol states that there would be four challenges in any category of keyless security and social wallets, cross-chain and trustworthy bridges, and cross-border fintech integration.

“In the blockchain we see the adjustment of the product market in the financial sector”, He said Harmony. “But most of DeFi was created by people outside of traditional finance. We would like to gain more TradFi in order to contribute a lot to DeFi too. “

Harmony Announces Million Dollar Hackathon Aimed To Bring Traditional Finance And DeFi Together
Harmony Announces Million Dollar Hackathon Aimed To Bring Traditional Finance And DeFi Together

The Chief developer of SushiSwap, Omakase, fact as one of the featured speakers or jurors at the event, together with the co-founder of Earn.com, Lily Liu, the leader of the DeFi Alliance, Imran Khan, and other. The sponsors include CoinGecko, Messari, Unstoppable Domains, DappRadar, SushiSwap, DoraHacks, the news platform The defiant one Yes Hummingbot.

Harmony’s mainnet was first launched in 2019 as a sharding protocol with a bridge to the trustworthy Ethereum, which divides its chain into segments that process transactions and store data in parallel. Since then, The project has announced several partnerships and integrations, including the Terra stablecoin platform for their tokens to migrate to Harmony and be used in native applications of the ecosystem.

Harmony said last month that would sponsor the hackathon to reach 10 billion people. Teams for the event are limited to 5 people and the registration process ends on August 15th. The event lasts about six weeks, from the closing date to September 30th.

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