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You've probably heard of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), and other platforms used to lend, borrow, or swap cryptocurrencies. The industry is without a doubt booming as new opportunities arise every day for developers to build new and exciting products. In fact, traditional companies like Stripe, Ebay, Shopify and many others have taken notice by integrating blockchain solutions into their existing platforms to get ahead of the curve. That's where Agoric comes in.
Our mission at Agoric is to bridge the web2 and web3 by acting as the on-ramp for JavaScript developers. Using our safe and composable JS smart contract platform and integrated economy, developers new to web3 can create decentralized applications similar to how they would using ReactJS. Our composable library of smart contracts means you can plug-n-play pre-built components to build and deploy your dapp in no time.
With NFTs in such high demand, we've decided to bring a series of NFT challenges to Hack This Fall. Using Agoric's JavaScript smart contracts to build your first web3 project, you can win prizes and earn 1st place as a Hack This Fall hacker 😎
So what the hell are NFTs? You've probably seen examples of NFTs across Twitter and Discord in the form of cool looking creatures and/or animals. These collections, often generated in batches of 10,000 individual items, are the backbone of the entire NFT movement. But it's important to note that NFTs don't stop there. NFTs can take on various forms, think concert tickets, baseball cards, one-use entry tokens, and so much more. Here are two of the more popular NFT projects to date:
CryptoPunks - 2017 Individual works worth $350,000+
Bored Ape Yacht Club - 2020 Individual works worth $100,000+
Our goal? To get you building your own NFT using our JS smart contracts as fast as possible. To do that we've created 2 challenges for developers attending Hack This Fall.
Create and launch your own non-fungible token project using the Agoric smart contracting framework.
Complete a contract to allow NFT creators to perform “NFT drops” which are currently popular on other blockchains and will be available on Agoric once we launch this feature. Hint: Work with dapp-nft-drop as a starting point!
🥇 1st Place: $1,500
🥈 2nd Place: $700
🥉 3rd Place: $300