Blockchain platform Solana appear an open invitation to Building out Loud, a hackathon venture exclusively for Indian developers and entrepreneurs. According to the official statement, Solana plans to launch the iii-week long upshot in collaboration with Devfolio and YouTube influencer Superpumped.

Solana's declaration consists of a free and open up invitation to "students, Web2 & Web3 developers, engineers and anyone looking to become into crypto organized in collaboration." The movement toward involving India's open up-source community in crypto may be surprising to those aware of ongoing resistance against Bitcoin (BTC) from mainstream Indian banks such every bit ICICI. The last appointment for applying for the hackathon is Aug. 12.

Crowning hackathons as the birthplace of crypto startups, Solana stated:

"If you're an aggressive engineer or developer in Bharat looking to build something, this is the skyhook you're looking for."

In addition to the cash prizes from a pool of $lxxx,000, winning participants will go to enhance capital from the Solana Foundation and prominent global investors. This initiative also sees the involvement of prominent crypto figures and entrepreneurs, including former Coinbase chief technology officeholder Balaji Srinivasan, seed investor Chris McCann and Cred founder Kunal Shah.

While the hackathon volition utilize Solana's global public chain to deploy crypto apps, Cointelegraph has reached out to Solana to understand Republic of india's stance on such initiatives. The company is likewise nonetheless to analyze if it intends to pay winners in cryptocurrencies or fiat.

Related: Phantom raises $9M to launch multi-chain crypto wallet

The Solana ecosystem has been responsible for the birth of several crypto apps and projects. Dorsum in April 2021, Cointelegraph reported on the kickoff of Solana-native decentralized finance protocol Footstep Finance'southward private token sale for $2 million.

Footstep Finance was born out of a hackathon similar to Solana's Building out Loud initiative for Republic of india.