The Open Network (TON), an open source community-led blockchain, has announced a strategic partnership with DWF Labs – a global digital asset market maker – and Amazon Web Services (AWS) to launch a competitive hackathon dubbed Hack-a-TON x DWF Labs x AWS. According to the announcement from TON Foundation, the Hack-a-TON x DWF Labs x AWS will be welcoming ideas from developers all over the world with different prizes for the top three winners

Closer Look at the TON-Backed Hackathon

The TON-backed Hackathon will help upcoming DeFi developers get to learn and network with other coders present in the event. The virtual workshop will include several mentors from the three entities to guide the young DeFi developers to successful specialists. The three entities have set aside more than $150k both in USD and in TON to sponsor the winning DeFi projects after the hackathon is completed.

Notably, the third runner-up will be rewarded with $30,000 worth of TON sponsored by DWF Labs, $10,000 worth of AWS Credits, and $30,000 worth of TON in grants. The second runner-up is expected to bag $50,000 worth of TON sponsored by DWF Labs, $50,000 worth of TON in grants, and $10,000 worth of AWS Credits. The winner of the TON-backed hackathon has been promised $70,000 worth of TON sponsored by DWF Labs, $70,000 worth of TON coins in grants, and $10,000 worth of AWS Credits.

However, there is a registration process and development process expected to take the next few months before the hackathon completes. Meanwhile, interested DeFi developers have been urged to ask the AWS, DWF Labs, and TON mentors through the virtual chat space for any questions. Furthermore, the hackathon has been scheduled from May 27 to July 27 as the timeline to equip the participants with the necessary skills to fruition their ideas

Notably, the registration for the Hack-a-TON DWF Labs x AWS is scheduled to close on June 27, 2023, at 12:00 (UTC+4), as the build phase continues until July 27, 2023, at 23:00 (UTC+4).

“This event is a remarkable opportunity for developers passionate about DeFi and data analytics to unleash their creativity, learn, and network with like-minded individuals,” said Andrei Grachev, the Managing Partner at DWF Labs. “We believe in the power of innovation and want to inspire builders to create exceptional applications on the TON platform. In addition to the substantial monetary prizes, we aim to encourage participants to contribute to the growth of the TON eco by building transformative projects. ….”

On the other hand, Justin Hyun, head of Incubation at TON Foundation, requested interested DeFi developers to take up the challenge and build interesting projects with technical help from AWS, and DWF Labs.

Meanwhile, the Hack-a-TON DWF Labs x AWS participants who complete the program will be exclusive NFTs, with the team at the final round receding exclusive merchandise among other prizes. Moreover, up to 20 projects will be announced in the finalist on August 11, with the final round set to end on September 10, 2023.