Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join

Grand
Cayman,
Cayman
Islands,
April
22nd,
2024,
Chainwire

Alibaba
Cloud,
AngelHack
and
dWallet
are
among
the
latest
supporters
for
the
global
event.

Sui,
the
Layer
1
blockchain
that
offers
industry-leading
performance
and
infinite
horizontal
scaling,
has
seen
funding
for
Sui
Overflow,
the
first-ever
global
virtual
hackathon
focused
on
creating
exciting
products
on
Sui,
double
in
recent
weeks
with
enthusiastic
supporters
contributing
funds. 

Initially
set
at
$500k,
after
a
groundswell
of
support
from
external
backers,
Sui
Overflow’s
funding
pool
has
ballooned
to
$1,000,000.
The
sizable
rewards
pool
is
drawing
builders
from
around
the
world
to
build
projects
on
the
Sui
network
and
demo
them
to
a
panel
of
judges.
Among
the
categories
eligible
for
prizes
are
Consumer
&
Mobile,
Infrastructure
&
Tooling,
Gaming,
and
DeFi.
Developers
will
also
be
encouraged
to
leverage
specific
technologies
from
the
Sui
ecosystem
such
as
zkLogin,
Advanced
Move
Features,
Randomness,
and
Multi-chain
capabilities.

Sam
Blackshear,
Co-founder/CTO
of
Mysten
Labs
and
creator
of
the
Move
smart
contract
language,
said,
“Sui
Overflow
offers
both
new
and
experienced
developers
a
chance
to
show
off
their
Move
skills
and
experiment
with
powerful
Sui
primitives
like
zkLogin,
sponsored
transactions,
kiosk,
DeepBook,
and
native
randomness.
Some
of
Sui’s
top
projects
were
born
in
previous
local
hackathons,
so
I
am
genuinely
excited
to
see
what
the
first
global
hackathon
will
produce.”

Past
Sui-sponsored
hackathons
have
been
fertile
ground
for
projects
that
began
as
hackathon
entries
but
subsequently
grew
into
sustained
businesses
on
the
network.
Scallop
began
at
Sui’s
Seoul
Builder
House
in
June
2023
with
a
small
team
of
developers
that
garnered
first
prize
at
the
event.
Today,
Scallop
has
$117M
in
TVL
and
is
one
of
the
preeminent
DeFi
protocols
on
Sui.
Navi
Protocol
is
another
of
Sui’s
“Hackathon
Heroes.”
A
month
after
Scallop,
the
Navi
team
emerged,
winning
gold
in
the
DeFi
and
Payments
category
at
the
Sui
X
KuCoin
hackathon.
Navi
now
has
over
$130M
in
TVL
and
is
another
leading
DeFi
protocol
on
Sui. 

In
addition
to
support
from
title
sponsor
dWallet
Labs,
the
hackathon
will
be
sponsored
by
Elixir
Capital,
Alibaba
Cloud,
Comma3
Ventures,
MoveBit,
Scallop,
GSR,
Supra,
Wormhole,
AngelHack,
Pyth,
Ryze
Labs
and
ZettaBlock.
The
awards
presented
in
Sui’s
hackathon
for
every
category
are
as
follows:
$30,000
for
first
place,
$15,000
for
second,
and
$7,500
prizes
each
for
two
additional
runner-ups.
10
$2,500
University
Awards
and
10
$2,500
Community
Favorite
Awards
will
also
be
awarded
during
the
hackathon.
Moreover,
contestants
are
not
limited
to
a
single
category.
Individual
teams
can
participate
simultaneously
in
multiple
tracks,
stacking
awards
in
excess
of
$100,000.
Additionally
a
number
of
projects
in
the
Sui
ecosystem
are
offering
their
own
separate
bounties,
adding
even
more
ways
for
great
projects
and
great
teams
to
benefit.

With
the
doubling
of
funding
to
$1
million,
Sui
Overflow
participants
will
now
be
eligible
to
receive
accelerated
Sui
Foundation
Grant
Funding
along
with
other
benefits
including
audits
and
credits
to
support
the
successful
launch
of
their
projects
after
the
hackathon
is
completed.

“The
homegrown
projects
that
spring
from
developer
meetups
and
hackathons
like
Sui
Overflow
are
an
essential
part
of
the
lifeblood
that
will
sustain
the
Sui
ecosystem
into
the
future,”
said
Greg
Siourounis,
Managing
Director
of
the
Sui
Foundation.
“The
impact
of
Overflow
has
been
strengthened
substantially
by
the
overwhelming
support
from
the
Sui
community,
which
has
enabled
us
to
expand
the
potential
rewards
beyond
our
planned
tracks
to
benefit
the
most
promising
projects
with
prudent
funding,
audit
credits
and
selected
accelerated
grants.”

“Sui
Overflow
is
more
than
an
event;
it’s
the
starting
point
for
our
brightest
future
blockchain
innovators,”
said
Omer
Sadika,
Co-Founder
of
dWallet
Network.
“We
are
excited
and
honored
to
work
together
with
all
of
the
partners
involved
and
look
forward
to
the
results
that
will
come
out
of
this
hackathon.”

Users
can
apply,
developers
can
register
on

the
Sui
Overflow
portal
and
find
all
the
further
information.
For
regular
updates,
everyone
is
encouraged
to
join
the

Overflow
Discord
Server.

Registration
Period:
April
21
–
May
31

Virtual
Demo
Day:
June
15; 

Announcement
of
winners:
Late
June
2024

Contact

Sui
Foundation
[email protected]