How the NFT Frenzy is Scamming Artists and Collectors

Just a few weeks ago, few people outside the niche world of cryptocurrency trading knew what an NFT was. This changed about a month ago when celebrities like Grimes began producing their own NFTs…

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Hack the System Challenges

This article contains all the information about our sponsor’s challenges for the Hack the System hackathon. We wish all of our hackers the best of luck, and can’t wait to see the fantastic projects you submit in 10 weeks time!

Starting on 25th February, Hack the System challenges students and hackers to rethink the way the world works when building their projects. There are over $50k in cash prizes available, as well as jobs and investment for the best!

The hackathon will last 10 weeks — 5 weeks for learning, and 5 weeks for hacking.

We are delighted to announce our 8 awesome sponsors for Hack the System:

1: Entrepreneurial hack: build a project on Stellar that solves a specific real-world problem. Prize: $3K worth of XLM

2: API hack: build an app on Stellar that also uses third-party APIs. Prize: $2K worth of XLM

3: Educational hack — Build a fun, gamified way to learn about Stellar. Prize: $1K worth of XLM

Medium Challenge: Build a project completing at least one of the following tasks:

Prize: $1.5k to the winner, $1k to second, $500 to third

Hard Challenge: Build a project completing at least one of the following tasks:

Prize: $3k to the winner, $2k to second, $1k to third

1: Easy Challenge: Use one of the services deployed on the Fluence testnet and query data from it to the frontend app.

Use one of the services deployed on the Fluence testnet and query data from it to the frontend app. Use AIR to implement the query. Services might be used: Ether Price Discovery service, Curl service, or Url Downloader.

Prize: $100 per functional, dockerized submission.

2: Medium Challenge: Implement and deploy an Ether price discovery service pulling data from a DEX, e.g., Uniswap. Use AIR to query data from the service to the frontend app.

Prize: $250 per functional, dockerized submission

3: Hard Challenge: Implement an application of your choice on the Fluence stack connecting the frontend and with at least two backend services using AIR. At least one of the backend services should require authentication.

Prize: Prize pool of $5000, estimated around $2000 for the winner

1. Create a hack/project that utilizes Raiden to do scalable and fast ERC20 transfers. (easy and broad options) — $200 (paid in RDN) for each good quality submission!

2. Create a hack that “activates” Raiden deposits through DeFi platforms to generate yield or interests while the funds are locked in the protocol. (medium options) — $2000 in RDN for the best submission!

1: Easy Challenge: Host Your App on Skynet

Use Skynet in your project. You can store your application or user data on Skynet, or just upload your web application’s front-end to Skynet.

Prizes: 100k Siacoin pool

2: Medium Challenge: Contribute to the Skapp Ecosystem

Build a Skapp (Skynet web application that doesn’t rely on centralized services) which utilizes decentralized login, an HNS domain name, and SkyDB for storing mutable application data. User-focused ideas and interoperability with other skapps in the ecosystem is a plus.

Prizes: 1 Winner x 200k Siacoins, 2 Runner-ups x 75k Siacoins

Judging Criteria and Requirements

To be considered for the Easy challenge, your project’s submission must clearly state how it uses Skynet. The prize pool will be split evenly between each eligible submission.

Resources:

1: Easy Challenge

Build a trading bot that is profitable for at least one day during the hackathon.

Prizes: £100 GBP for each successful team

2: Medium Challenge

Build a dApp on Vega. Examples include: building market interface (e.g. Robinhood style), a leaderboard that compares the performance of traders, a tool for traders to visualise or manage risk and trading data, apps for market makers or the governance community… there is a wealth of interesting directions to go!

Prizes: Prize pool of £10k GBP

Build an index-product based dApp by utilising CoinMarketCap data points. This dApp should have working smart contracts and a front/back end. It must use CMC data as a core part of the index design (price-based, volume-based, market-cap-weighted-based, etc.

Prizes: $3000, $1500 and $1000 for first, second and third best dApps respectively.

All hackers can get a free upgrade to the paid-tier of CoinMarketCap API subscriptions for this hackathon. Please reach out to george@encode.club if you require this.

Build an NFT based dApp to enhance the Sandbox ecosystem. This dApp should have working smart contracts and a front/back end. It must use an NFT that is part of the Sandbox ecosystem (LAND or ASSET).

Prizes: 10000, 5000 and 2500 SAND tokens to the first, second and third best dApps respectively.

Build any dApp on polygon

Use your imagination and feel free to build any dApp that excites you!

Prize — $200 for every hack which meets our quality requirements

Additional $5000 prize pool available for best dApps (1st: $2k, 2nd: $1.5k, 3rd: $1000, 4th: $500)

Ideas for dApps:

The hackathon is split into two stages:

Learn: Learn about blockchain, the technologies, and the partners involved through workshops and educational material.
Hack: Build your project.

Register by Monday 29th March

Learn: Thurs 25th Feb 2021 to 28th March 2021
Hack: 29th March 2021 to 2nd May 2021
Submissions: 2nd May 2021
Judging: May 2021
Prizegiving: Early June 2021

If you have any questions, please email: questions@encode.club

How the NFT Frenzy is Scamming Artists and Collectors

Hack the System Challenges

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