Global crypto bank Xend Finance recently unveiled Polygon’s Fellowship, an exhaustive eight-week accredited mentorship program and hackathon in Africa, in collaboration with Polygon, a Web3 framework used by some of the top organizations in the world.
Meta, Stripe, and Reddit are some of the businesses that are already employing Polygon. The company’s inaugural bootcamp and hackathon in Africa will use Polygon and Xend Finance technology to introduce the region’s developers to its ecosystem.
Those selected for the mentor-led program will gain knowledge of decentralized app development on the Polygon blockchain and, following successful completion, obtain the official Polygon Africa Bootcamp Certification.
Sandeep Nailwal, Chief Operations Officer and Co-founder of Polygon, claimed that Africa has the highest potential to take full advantage of Web3 and provide its people with a borderless economy and stability.
“We’re thrilled to host our first African hackathon and fellowship, which we aim to continue doing in the future,” he added.
More than 2000 developers are anticipated by Polygon and Xend Finance, who are collaborating with many African developer organizations, including GDG Nairobi.
Application can be found here to the Bootcamp; the application period is open as of today, September 26, and closes on October 7.
Those chosen will begin the program on October 10 and finish it on December 2. Following the Hackathon, more than $60 000 in prizes will be awarded in two divisions: beginners and masters.
The top project will receive $10,000, followed by projects in the second through thirtieth places with $7,5,000, $5,000, and $750, respectively.
The winning companies will also be considered for Polygon’s seed investment program and will be featured on the decentralized website Xend Launchpad, which connects projects with global investors.
The open Web3 infrastructure of Xend Finance is available to developers. By easily converting their crypto or fiat money to stablecoins and staking on the Xend Finance platform, members can earn various rates of interest on their investments.
The company’s cross-chain high-yield entity is the first item available in the market that automatically checks and aims to ensure the highest yields across different chains.
Professionals from KPMG, Chevron, Huobi, and Stanbic Bank make up the multi-national team at Xend.
They have backgrounds in mathematics, finance, cryptography, and blockchain development. NGC Ventures, AU21 Capital, Hashkey, Google Launchpad and Binance are a few of the investors in Xend Finance.
By being carbon neutral, Polygon sets an example to other solutions in the Web3 environment.
Also, the hosting of more than 19 000 decentralized applications, the processing of 1.6 billion transactions, the identification of 142 million unique user addresses, and the security of $5 billion in assets demonstrate the widespread acceptance of Polygon’s scaling solutions.
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