$10K for the best crypto project

CoinList wants to “bring decentralized markets to the masses.”

At least that’s the theme of its inaugural hackathon, which was announced yesterday in tandem with CoinList’s new online hackathon platform called “Build.”

A brief history

CoinList, which spun out of AngelList last year, has already helped 50 companies raise $450 million in token sales.

But beyond funding, teams need community to succeed. Build (initially) aims to help crypto companies spin up online hackathons in very little time — and ultimately grow communities by connecting teams with developers.

The details

CoinList’s first hackathon will take place next month with 0x, an open protocol that enables peer-to-peer exchange on Ethereum. To date, the team has built one of the most impressive products in crypto:

📈350K+ total transactions
💰$445M+ total volume
🚀Used by 30+ projects

The first hackathon will encourage participants to build projects in categories like:

✅ Compliance
🎮 Gaming and NFTs
💸 Decentralized Finance

The hackathon starts January 10 and will run for 3 weeks.

If you need some inspiration for your projects, check out this list 💡

The fine print

🤑The first prize is $10K and every participant that submits a project will get $100

🎤Winners will get featured on CoinList and Product Hunt

💻Participants will learn from top investors at firms like a16z crypto and Scalar, as well as designers from IDEO and 0x

If participants continue developing their projects after the hackathon has concluded, 0x is always looking to finance promising teams through their Ecosystem Acceleration Program.

Today’s Daily Digest was crafted by Product Hunt and sponsored by our friends at CoinList. 😊

Elon Musk has a vision: he wants to eliminate traffic. 

On Tuesday night, Musk unveiled Boring Company’s test tunnel in Hawthorne, CA, even allowing guests to take inaugural rides.

It only took three minutes to go just over a mile from the beginning to the end of the tunnel, the same amount of time it takes to accomplish a right-hand turn out of a parking lot and onto the street. 😲