Celo has provided $ 2.5 million in awards and seed capital to help develop Web3 projects that are committed to building mobile DeFi for the six billion mobile phone users around the world. This was reported to Cointelegraph in Spanish through a statement.
Further Participants can apply for regional hackathons. In the case of Latin America, $ 50,000 in prize money will be available for regional solutions that build on Celo and focus on crypto, DeFi, NFT or blockchain in general.
It should be noted that it can be applied to the regional hackathon in Latin America and the global one.
“Participating in a hackathon makes it possible to validate hypotheses quickly and to come into contact with people with similar visions,” said the organizers.
Those interested in Latam can register here. With the same registration it will be advertised for the worldwide hackathon.
â ???? Today, more people in the world have more access to a mobile phone than to any sources of work, food or water. On the other hand, Decentralized Finance (DeFi) has the potential to transform the global financial system in safer and more autonomous ways by eliminating middlemen and giving users more control over their assets. Hence, Celo.org is a DeFi platform that makes financial instruments available to anyone with a mobile phone as stated by Celo.
Ideas for the Celo initiative will be judged by leading DeFi figures including Linda Xie (Scalar Capital), Morgan Beller (NFX), Vanessa Grellet (CoinFund), Olaf Carlson-Wee (Polychain Capital), Kartik Talwar (A Capital) and Imran Khan (DeFi Alliance), to name a few.
Hackathon participants will collaborate on projects such as Celo, Polychain, CoinFund, CoinList, Flori Ventures, NFX, Chainlink and The Graph. In addition, regional partners will be present, DoraHacks, DevFolio, Blockchain Academy Chile and Crypto University.
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