Riding the developer excitement from the recent BNBAI Hack, BNB Chain has proclaimed the initiation of BNB Hack—a global, long-term hackathon that aims to supercharge Web3 developers.
This is no ordinary hackathon. Traditional hackathons, while sometimes effective, can also be limiting. They are camped in time (an event) and space (a venue) and then are often filled with a kind of frenzy that is the opposite of a pace where “innovation can flourish.” By contrast, BNB Hack is a stretch event, a horizon in which developers have endless opportunities to acquire and then execute great ideas.
The BNB Hack is held over four key verticals. AI, DeSoc, DeSci, and DePIN. This is a significant evolution of the BNB Chain ecosystem and takes the Web3 world one step closer to sustainable solutions.
What BNB Hack Is Looking For
The BNB Hack wants to tap into the future of Web3. It is searching for unsolved and underlying problems with Web3 technologies and aims to fund teams that are solving them. Its vision looks well beyond a mere funding opportunity. It aspires to establish a long-term relationship with the development teams it selects.
A Hackathon Without Deadlines: Build When You’re Ready
The BNB Hack reinterprets the experience of hackathons, inverting their typical time-boxed structure. Rather than having a specific window for submitting projects, this hackathon has no window and is open all the time. Developers can apply to it whenever they like, and teams are urged to find their own pace when building the projects they submit.
Submissions are reviewed every two weeks, and the best projects in each of the four tracks are chosen for rewards and extra backing. This rolling timetable provides unfettered flexibility to the builders—a rare hackathon luxury these days—that lets them refine and improve their ideas.
This initiative is far more than just delivering some quick wins or a few demo projects that don’t last very long. This initiative is also not just a series of events scheduled along a timeline. What it really is—at its core—is a launchpad where these developers can grow projects over time.
In fact, projects are arranged in a kind of developmental tier system, starting at Tier 3 and moving upward as they mature, to Tier 2 and then to Tier 1. Each level of this developmental system unlocks greater funding and visibility.
Most importantly, each level also unlocks greater amounts of something that’s hard to put a dollar sign in front of—strategic support.
BNB Chain’s mission is to support builders of the sort who are in it for the long haul—and not just for a one-time, look-at-me-now event.
Four Innovation Tracks for the Future of Web3
BNB Hack strives to bring about innovation in four essential areas of blockchain technology.
Intelligent agents and Web3-native tools that boost the usefulness of autonomous on-chain systems are being created by developers, with encouragement from AI.
DeSoc beckons projects to investigate decentralized identity, DAO mechanisms, and digital social graphs—all part of a next-gen open and sovereign digital society.
DeSci pushes builders to rethink the scientific process. Its proponents argue that scientific knowledge is too opaque, too poorly funded, and too poorly reviewed. This is a call for a revolution in the knowledge ecosystem. It offers vision; it offers hope. In its idyllic future state, proponents argue that scientific knowledge will be better funded, better reviewed, and will flow more freely to the public on the blockchain.
DePIN connects blockchain innovations with large-scale physical infrastructure.
It is all about enabling DIAMOND. Decentralized Infrastructure, Accelerated by Modern Open Network Design.
What does that mean? At a high level:
DePIN brings together the separate components of Decentralized Physical Infrastructure Networks. In more understandable terms, this means DePIN links innovative blockchain technology with large-scale real-world infrastructure to enable decentralized solutions in sectors like energy, connectivity, and network deployment.
These tracks were chosen to spotlight sections where blockchain can make an immediate real-world impact and have long-term innovative potential. When it comes to building the next generation of decentralized applications and services, BNB Hack has chosen to support development in these areas. Why? That’s what this essay aims to elucidate.
Rewards, Support, and a Launchpad to Success
More than financial rewards are on offer from BNB Hack. Each two-week interval during which we evaluate the teams, the top-performing teams can earn up to $10,000. And selected projects receive a kickstart package worth $50,000, which includes infrastructure support, technical resources, and ecosystem credits.
Successful teams also get the chance to publicize their work on BNB Chain’s official channels, giving them a great deal of exposure to the broader crypto community. Even more significantly, these projects get fast-tracked for interviews that could lead to their being accepted into the Most Valuable Builder (MVB) program, BNB Chain’s accelerator for blockchain projects.
Besides financial inducements, BNB Hack stresses mentorship and long-term development. Programmers at the hackathon will get instruction from experienced developers, key ecosystem players, and strategic partners who know how to get stuff done. This is all about helping teams crush it now and over the long haul.
With an open setup, BNB Hack is a carefully chosen innovation track, and BNB Chain’s comprehensive backing means this hackathon can offer something new. It serves as not just a pathway for newcomers with potential ideas but as a growth platform that ensures opportunities well beyond the first pitch or prototype stages. With an eye on continuous development and real-world utility, BNB Hack clearly signals BNB Chain’s commitment to fostering something even more basic and necessary: significant, decentralized innovation.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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