APENFT Foundation Partners with the TRON Ecosystem to Sponsor GameFi Hackathon

Singapore, Singapore, December 28, 2021: Leading NFT marketplace APENFT, in partnership with TRON, one of the world’s largest and most popular blockchain-based operating systems, has launched the first-ever APENFT & TRON GameFi Hackathon.

The concept of GameFi has gained significant popularity this year, as it combines DeFi, NFT, and P2E blockchain gaming ecosystems, providing users with access to a world of income opportunities. The Hackathon is open to all developers willing to build GameFi projects on the TRON blockchain. Registrations and submissions for the first phase of the Hackathon started on December 20, 2021, and will continue until February 20, 2022.

To empower developers and help accelerate the growth of GameFi in the TRON ecosystem, APENFT Foundation is sponsoring a $500,000 prize pool for the highly anticipated Hackathon, the results of which will be announced on March 1st, 2022. Winning teams will also get support from the TRON development team, and an opportunity to present their projects in the DoraHacks live studio for higher visibility. Furthermore, the most promising projects will also receive APENFT's end-to-end support in funding and incubation after the Hackathon.

The APENFT & TRON GameFi Hackathon is designed to help next-gen GameFi projects gain more exposure alongside full support from the TRON development team. The bench of judges for the Hackathon includes some of the most renowned personalities from Binance Labs, Cadenza, IVC, and EVC, among others.

All winning amounts for the Hackathon will be distributed in USDT, with five projects set to be selected based on a tally of judges’ votes. The winner will receive $200,000, the runner-up receives $120,000, and the remaining three winners will receive $80,000, $50,000, and $30,000 each. Additionally, two more projects will be selected based on community voting. The winner of the “Community-Choice” award and the “Developers' Choice” award will both receive $10,000 each.

APENFT leverages features of the Ethereum and TRON blockchains and the BitTorrent File System (BTFS) to build a bridge between renowned artists and the blockchain ecosystems while empowering crypto-native artists - all through NFTs. APENFT operates across multiple areas, including funding allocations to top NFT platforms and works of art, the incubation of prominent NFT artists to forge greater connections between renowned artists and the NFT universe, gallery sponsorship, art exhibition production and much more.

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON network has gained incredible traction in recent years, with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition, TRON hosts the largest circulating supply of stablecoins across the globe, overtaking USDT on Ethereum in April 2021. The TRON network completed full decentralization in Dec 2021 and is now a purely community-governed DAO.