Gibraltar Government Sponsors NFT Hackathon

Gibraltar Finance, the business development arm of HM Government of Gibraltar, is partnering with NFT Vision Hack, to encourage creative solutions to the NFT [non-fungible token] sector.  The global hackathon takes place from July 3 to August 30, 2021.

Gibraltar has long sought to position the jurisdiction as innovation-friendly and welcoming to digital asset firms including security tokens.

The hackathon will include a series of workshops, including an opportunity to learn how to create and market NFTs. The Hackathon will focus on four challenges: ‘Build on Rarible protocol’, ‘NFT Payment Solutions’, ‘Scalable NFT Art Projects’, and ‘Gaming and NFTs’. Participants may win more than USD $ 68,000 in prizes.

Other sponsors alongside Gibraltar Finance include Rarible, Circle, IPFS, and Filecoin.

The NFT Vision Hack is organized by Gibraltar-based Nifty Labs, a partnership between Indorse, a pioneer in blockchain and NFT space and Coinsilium, a blockchain and open finance venture builder.

The Hon Albert Isola MP, Minister for Digital and Financial Services, HM Government of Gibraltar, issued the following statement on the hackathon:

“The NFT Vision Hack 2021 is a wonderful opportunity for industry-leading developers and artists to collaborate, share expertise and find innovative solutions using NFT technologies. Events such as these pave the way for the future of the industry, its uses and applications. As the first jurisdiction to introduce legislation around Distributed Ledger Technology, HM Government of Gibraltar is a proud sponsor of the NFT Vision Hack. We look forward to seeing exciting new solutions as global interest in NFTs continues.”

Rachel Mayer, VP of Product at Circle, said the NFT trend is valuable for both creators and marketplaces:

“…we’re excited that USDC is helping power tokenization on the blockchain. We’re also proud to sponsor NFT Vision Hack because we know it’ll help generate ideas that will fuel adoption of NFTs, the creator economy, and broader crypto commerce.”

 

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