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Core Foundation, an entity dedicated to Growth Core, Bitcoin’s leading scaling protocol, today announced the launch of Core Connect Global Buildathon + Meetups.
From June 2nd to August 10th, the program offers learning and mentorship sessions to help teams build and launch Dapps at the core. The program offers up to $500,000 from core ventures, $400,000 in core token incentives and $300,000 in infrastructure and audit credits. The finalists will fly to Singapore to pitch live at Token2049, Asia’s largest crypto rallies.
“The core is where Bitcoin becomes programmable, where real adoption is already happening, from users to institutions. It’s the perfect place for builders to launch a Bitcoin deficient use case. Last year’s BTCFI summer hackathon surfaces teams like B14G. Rumeel Hussain, Core Contributor.
Online from Berlin to Buenos Aires and anywhere
Buildathon combines IRL meetups and online competition in 12 cities, targeting top emerging ecosystems in Africa, Asia, Europe, the APAC/Marine, and Latin America regions. Local events focusing on ideas, mentorship and co-construction will be co-hosted with major development communities such as Crecimiento, Nearx, Rise In, BFC and APAC DAO.
Developers can effectively submit projects via Dorahacks. The finalist team will be selected to participate in the Bitcoin Fusion X core stage on Token 2049. In the global finale, top finalists will pitch live on the core venture and investors and protocol contributor panels.
Bitcoin ecosystem with builder bias
The core is dedicated to Bitcoin utility. This is the first blockchain to enable independent Bitcoin staking, allowing BTC holders to earn core token rewards while protecting their network. This model promotes the dual staking mechanism of Core. Recently, it was integrated by players from institutions like Bitgo.
Core’s Network already supports the Defi Ecosystem, with around $500 million active users on TVL and 1 million per week. Core Connect Global Builtathon is an initiative designed to transform its demand into new apps for BTCFI, Defi, gaming, SocialFi and AI.
What you can win
To raise up to $500,000 from core ventures to core tokens, we support project exclusive development tools, resources, credits, and AWS’ growth of up to $100,000, to activate credits and build and extend rate denials for up to six months on the core mainnet.
Meet up day
Regional winners from five regions will be invited to the virtual semi-finals in September. From there, the top teams advanced to the global finale in October, where they will be covered in the core.
Why is it important?
The Bitcoin ecosystem is at a turning point. With ETFs opening the doors of the system and core unlocking unreliable sustainable yields through dual staking, the next wave of innovation requires infrastructure and talent. Core Connect Global Buildathon aims to feature over 2,000 developers and high quality venture scale projects, and fits into a powerful product market through this global buildson.
About the core
Core is the leading Bitcoin scaling solution, converting idle bitcoin into productive, yield generation assets that strengthen Bitcoin debt at scale. Core’s independent Bitcoin staking allows holders to directly measure Bitcoin on the Bitcoin blockchain to earn rewards. This unreliable yield mechanism helps ensure a high-performance, EVM-compatible core blockchain that allows users to access the expanding universe of Bitcoin-centric, decentralized applications.
Core Power is the first product like first liquid, yield generation Bitcoin assets, such as Bitcoin ETP and LSTBTC, which includes Valor’s yield. The network is supported by over 7,000 Timelock Bitcoin and approximately 75% of its Bitcoin mining hash power, and supports over $500 million on Defi TVL.
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