Supra and Killer Whales team up to launch 100 million dApp contest on blockchain platform
Supra, a comprehensive Layer-1 blockchain platform, has revealed the launch of its first-ever competition, the Super dApp Showdown, according to the latest updates shared with Finbold on June 13.
Scheduled to kick off in August 2024, the competition is designed to shine a spotlight on innovative decentralized applications (dApps), or Super dApps, developed by top blockchain experts. A panel of judges, comprising representatives from Supra, Google Cloud, Republic Crypto, and Hashkey Capital, will assess the submissions.
The Super dApp Showdown calls on developers to create on Supra’s Layer-1 network, which boasts Multi-VM support, in-protocol oracles, verifiable random function (VRF), bridges, and automation capabilities. Participants will compete for a portion of a $100 million fund and the opportunity to present their dApps to an audience of over 500,000 token holders on Supra’s community platform, Project Blast Off, and a community of 1.3 million email subscribers.
Each week, a winner will be chosen, with their dApp featured on the Blast Off platform, offering users missions and quests to explore the project. Developers have the freedom to select rewards for user engagement, including prizes, airdrops, in-game assets, and non-fungible tokens (NFTs).
Joshua Tobkin, CEO and Co-Founder of Supra, expressed his excitement about partnering with Killer Whales as their media partner for the Super dApp Showdown and beyond. He highlighted the importance of attracting talented builders and founders with a mix of capital and exposure, along with the benefits of access to Supra’s $100 million Ecosystem Fund and 500k verified token holders.
Supra’s Layer-1 network integrates essential blockchain services like leading price feeds, automation, and bridges into a high-performance stack. The network supports Multi-VM deployment, enabling developers from MoveVM and Ethereum Virtual Machine (EVM) chains to participate, with future support for SolanaVM and CosmWasm.
Powered by the Moonshot consensus mechanism, Supra’s L1 offers impressive speed and security, processing 530k transactions per second with near-instant finality. The platform’s Distributed Oracle Agreement (DORA protocol) ensures real-time data accessibility, enhancing the functionality of dApps across decentralized finance (DeFi), GameFi, and more. Additionally, Supra dVRF, a decentralized verifiable randomness generator, is used for transparent and unpredictable outcomes.
