BitWell Labs Sponsors Avalanche Asia Hackathon Event, Affirms Commitment to Blockchain Startups Early Investment and Incubation
BitWell Labs, the venture capital and innovation incubation arm of the leading exchange BitWell, is delighted to announce its strategic sponsorship with high-performance blockchain Avalanche for its Avalanche Asia Hackathon, to be held from 1 Feb 2022 to 31 Mar 2022.
During that period, developers worldwide will be incentivized to build applications on the Avalanche ecosystem. Participants stand to win a total of $5 million in prizes for contributing to the infrastructure development of the Avalanche ecosystem.
BitWell Labs joins the Hackathon as a sponsor and also a global marketing partner. BitWell Labs has made strategic sponsorship into Avalanche Asia Hackathon and will also be providing projects looking to build on Avalanche with post-investment opportunities and expert guidance on ecological construction. The resources from BitWell Labs will help empower and accelerate the development of the exciting blockchain projects.
BitWell Labs’s decision to support the Avalanche Asia Hackathon underscores its commitment to work strategically with multiple blockchain ecosystem partners to foster innovation and growth in the sector.
The Avalanche Asia Hackathon will significantly help with Avalanche’s strategic development and bolster the ecosystem’s security. Developers can apply for Grants through HackerLink, an open-source platform that provides unique on-chain tools to incentivize decentralized app (Dapp) development globally.
About BitWell Labs
BitWell Labs, the venture capital and innovation incubation arm of BitWell, is devoted to offering a wealth of investment, collaboration and mentorship opportunities to the global top-tier blockchain projects.
BitWell Labs has recently launched a $50 million fund to invest and incubate in Metaverse projects. The Metaverse fund will be used to support GameFi, non-fungible token (NFT) and other Metaverse sector projects in marketing, operation, trading and so on.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.
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