LINK Hackathon Offered $125K In Bounties, Will It Surge To $100?

LINK hackathon just offered $125K in bounties, with a start date of March 15^th, recording more than 3500 participants as we learn about it today in our latest chainlink news.

According to an official blog post, the participants are building the next generation of smart contracts, and now with the LINK hackathon, the participants have the chance to claim the $125K bounty until today because the registry ends today. The post claimed:

“The three-week event is an opportunity for developers throughout the Chainlink ecosystem to connect, collaborate, build and showcase innovations in DeFi, NFTs, gaming and universally connected smart contracts using Chainlink’s blockchain-agnostic oracle network and leading web3 technologies.”

The prizes are divided into 3000 NFT and gaming and a $5000 awards for social impact. The latter was made possible with a partnership with UNESCO Global Education Coalition and the Chainlink grant will go to the project by accomplishing:

 “(…) the hackathon project that integrates Chainlink with the highest potential to deliver meaningful social impact in education.”

At the event, there are projects such as dynamic NFTs powered by Chainlinks VRF which incentivizes and families’ education in order to reduce school dropout rates and to support lifelong learning. This will become the next step for the technology according to the head of Growth at Chainlink Labs Mickey Graham so the NFTs will be able to interact with oracles as Graham said:

“Over time, I believe we’ll see NFTs evolve and transition into more dynamic assets, where external data and events that happen off-chain power upgrades or changes in NFTs.A great example of this, and once we’d love to see built during the Spring 2021 Hackathon, would be an NFT-powered learning badge for a skills-based course that is upgraded or powered up as off-chain modules are completed and recorded on-chain.”

LINK is now trading at $27,93 with 0.1% gains on a daily chart. Over the past few weeks, LINK recorded a 2.4% gain and 6.2% in the past month. Remaining bullish on the LINK performance, trader Michael van de Poppe predicted a possible bull-run towards $100. With the price close to bottoming out, he recommended the investors should keep an eye on $19 to $20,75. The trader also considered the range to be acting as support and could be a good idea for investors to start looking for an entry point into the crypto if it retraces to these levels.