Elrond Opens Registration for Global xDay Hackathon
Elrond, now known as MultiversX, has opened registration for the global xDay Hackathon. This event, taking place on 21 September and 21 October, offers participants the chance to win up to $1 million in prizes and funding. The hackathon aims to promote the exploration of cutting-edge technologies, such as Web3, AI, and Metaverse, through collaboration between developers, experts, and entrepreneurs.
Key Points:
– The xDay Hackathon is one of the largest hackathons and dev events in Europe.
– It is organized in cooperation with multi-chain software engineering communities, DoraHacks and Encode.
– The event consists of two main events: Future of Technology and Gaming and Metaverse.
– Participants can propose innovative use cases in six main technology areas.
– The hackathon offers substantial cash prizes and business opportunities for winning projects.
Hot Take:
The rebranding of Elrond into MultiversX and its entrance into the metaverse have not translated into positive price trends for EGLD. Despite being ranked 48th in overall crypto rankings, EGLD has experienced a bearish trend with a significant drop in price. While the xDay Hackathon may provide opportunities for developers, it remains to be seen if it will have a positive impact on EGLD’s market performance.
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