- The Sonic network has announced a hackathon with $1 million in prices
- The hackathon will run from February 17 to March 17 and will focus on DeFi, gaming, AI, among other things
- The prize pool is in both SONIC tokens and stablecoins
Solana-powered network Sonic SVM has launched a hackathon with a prize pool of $1 million and focuses on things like DeFi, gaming, and AI among others. Known as the Sonic Mobius hackathon, it’ll run for one month starting February 17 and will involve “global and online” participants. Participants will be required to build on the Sonic network and use provided resources, in a move intended to popularize the network among DeFi, AI, and web3 gaming-focused developers.
Participants Rewarded in SONIC Tokens and Stablecoins
According to Sonic, the prize will comprise $500,000 in SONIC tokens and $500,000 in stablecoins. The network added that qualifying projects may receive additional funding from the Sonic EcoFund.
Introducing Sonic Mobius Hackthon: The first SVM hackathon on Solana.
— $1,000,000 cash prize pool
— Global and Online
— 4 Main Tracks
— Feb.17th to Mar.17thHere are all the details and tracks — unleash multi-SVM universe on @Solana 🧵 pic.twitter.com/nCmMPreETr
— Sonic SVM (@SonicSVM) February 17, 2025
The network said the hackathon is the first such event “designed for the multi-SVM (Solana virtual machine) universe.” In the DeFi space, the hackathon will support developments in areas like asset launchpad, trading bot, and lending.
Participants in the attention capital market category will concentrate on things like “content tokenization across social media platforms such as TikTok, Twitter,” and Whatsapp. The AI track will cover agent aggregators and tooling while participants in the gaming section will build social games, fully on-chain games (FOCG), and high-ARPU (average revenue per user) games, among others.
Sonic SVM to Launch on Feb 27?
The event coincides with Sonic SVM’s launch which is scheduled for February 27. The network to increase the group of Solana-based Dapps. Crypto and blockchain projects have in the past used hackathons to attract users. In May last year, for example, Ethereum layer 2 network Base announced a hackathon and an on-chain summer event before the network’s main launch.
With Sonic being the first Solana scaling layer, it’s to be seen whether the hackathon and Solana’s popularity will attract developers to the network.
