Lumos Labs is a startup for innovation management.
Polkadot, in partnership with Lumos Labs – an innovation management company – Skykiwi – announced a decentralized storage network as the winner of the first edition of Polkadot Buildathon: India – Polkadot’s first India-focused blockchain hackathon.
As part of the hackathon, the three best projects will receive a grand prize from a pool of $ 14,000, as well as market access and technology implementation support.
Runner-up was PolkaMusic – a gamified music streaming experience with NFTs, and runner-up was Cerebrum – a distributed open source infrastructure for training AI models.
The Buildathon demo day
The announcement was made at the Polkadot Buildathon Demo Day – a virtual conference with participants from all over the world on June 11, 2021, at which 5 finalists – Cerebrum, Dot ID, Dotscale, PolkaMusic and SkyeKiwi presented their products for the last time.
In addition to pitches for the top projects, the demo day also offered insights into the Polkadot ecosystem, support for developers and entrepreneurs as well as tech talks by the teams of the Web3 Foundation and Parity Technologies.
Participants were invited to explore a number of opportunities from the Web3 Foundation Grants Program, Substrate Builders Program, On-Chain Treasury, and even an opportunity to use their knowledge of substrates to secure jobs in the Polkadot ecosystem.
The Polkadot Buildathon: India
The surge in emerging advances in the blockchain industry, including DeFi, dApps, NFTs, etc., has led to a parallel surge in demand for developers and entrepreneurs in this space.
According to a report by Linkedin, blockchain is the most sought after hard skill needed by top companies in 2020. India, with its strong 4.2 million developer pool, the second largest in the world, is now the hub for blockchain development.
According to a leading media publication, Inc42, the number of blockchain startups in India has grown from over 100 in 2018 to over 300 in 2021. This has been a huge draw for global platforms to explore Indian markets.
The Polkadot Buildathon: India was founded with a mission to build the Web3.0 ecosystem and provide the catalyst necessary to improve India’s developer ecosystem and be part of the revolution.
The hackathon was carried out in two four-week phases: the ideas phase and the integration phase.
During the brainstorming phase, over 1200 developers applied and developed 120+ project ideas.
Participants received training workshops to learn basic local node deployment and identify real-world problems that could be resolved in the chain using Substrates, the blockchain building framework used in the Polkadot ecosystem.
This was followed by the integration phase, in which the first cohort of the selected participants was enabled to build and improve their solutions on the Polkadot Parachain and to refine their USPs.
“This has been a very exciting and rewarding experience and we wish the winners all the best for their future. We at Web3 Foundation are excited to be part of such a dynamic and strong developer community in India and look forward to working on further future projects with the community filled with the same enthusiasm, knowledge and energy is the one we’ve been through the entire Buildathon, “said Urban Osvald, Growth Manager at the Web 3.0 Foundation.
He added: “As the world moves towards the transition to the Web3, India has proven that it can keep up with it, if not ahead. Our Polkadot Buildathon: India was a step to further empower the community and enable them to push the boundaries of partnership between their creativity and this disruptive technology. Having witnessed such a spectacular turnout, we are very much looking forward to pursuing future collaborations and seeing what else Indian developers, entrepreneurs, innovators, startups, etc. have to offer. ”
The Polkadot Buildathon: India Hackathon saw strong and active participation of over 1200+ registrations, with the top participants selected in the first cohort receiving US $ 200 each, followed by the selection of the top 5 to demo their projects live Day presented.
The 8-week hackathon was created in partnership with Lumos Labs, an innovation management company that specializes in running technology open innovation programs in India.
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