The Code Summer Hackathon is part of the The Open Summit event which lets builders showcase their talent and drive innovation.
KuCoin Ventures has announced a contribution of US$50,000 to the prize pool of the Code Summer Hackathon, which was held at The Open Summit in Taipei on 6th – 8th August 2024.
This three-day event offered participants the opportunity to compete for a share of a US$1 million prize pool, with the chance to join the TONX Accelerator which features a US$5 million prize pool. KuCoin Ventures previously supported the TON ecosystem with a US$20,000 grant to the TON Foundation.
The Code Summer Hackathon is set in a summer-themed environment with exclusive Telegram-branded swag , designed to foster creativity and innovation among developers and entrepreneurs in the Web3 space.
Dr. Awesome Doge, Co-Founder of TONX, said, “KuCoin Ventures has generously sponsored the Code Summer Hackathon at The Open Summit. As a leader in driving Web 3.0 innovation, KuCoin has consistently provided a secure platform for buying, selling, and trading cryptocurrencies. KuCoin Ventures Support is pivotal in equipping TON ecosystem builders with the resources and opportunities to innovate and excel.”
Alicia Kao, Managing Director of KuCoin, commented on the partnership: “We are thrilled to support the Code Summer Hackathon and contribute to the growth of the Web 3.0 ecosystem. We believe in empowering the next generation of developers and entrepreneurs, and this event is the perfect platform to showcase their talents and drive innovation. We look forward to seeing the groundbreaking solutions that will emerge from this hackathon.”
The initiative is part of KuCoin’s efforts to grow its role as a major player in the advancement of blockchain technology and the broader digital economy, whilst aligning with new crypto regulations such as the FIT21 bill to stay compliant.
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