Covalent is very excited to announce the winners for Road to Web, alongside our partner ETHGlobal. This virtual hackathon, led by Polygon, took place from February 3rd - 9th and saw $250k in prizes! Covalent sponsored a combined prize of $4,000 USDT for projects making meaningful use of the Covalent API.
The objective of Road to Web3 was to onboard Web2 developers into the exciting world of Web3. We are excited to have seen a record number of 38 submissions using our best-in-class endpoints, out of which we have selected 26 winners!
Without further ado, here are a few project highlights. It’s worth mentioning that two of these projects also made the list of 15 finalists across Road to Web3!
Covalent is excited to announce that we will be Cypher Sponsors at ETHDenver, which is running from February 11-20, 2022. Our unified API allows developers to build faster and easier using the richest blockchain data from over 28 blockchains. Developers can build entire dApps with just one or two endpoints.
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Covalent, along with our ecosystem partner ETHGlobal, is excited to announce the winners of NFTHack -a virtual hackathon held this past weekend drawing over 5x the interest than the event capacity and over $125K in prizes up for grabs! With a prize pool of $4K USDT for projects making use of the Covalent API, we saw a record number of submissions using our best-in-class NFT endpoints, and we’re pleased to have chosen 20 winning projects.
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The Covalent Plugin brings best-in-class multi-chain data solutions to Moralis’ leading Web3 development platform
Moralis and Covalent are excited to announce the integration of Covalent’s Unified API into Moralis’ definitive next-generation Web3 development platform. Just in time for the Moralis Avalanche Hackathon, which started on Monday December 6, the Covalent Plugin gives developers the ability to seamlessly use the Covalent API to pull billions of multi-chain data points into their blockchain projects as they build dApps such as wallets, investor dashboards, DEXs and NFT marketplaces.
Covalent, along with our ecosystem partner, RSK, are delighted to announce the winners of over $20,000 in prizes for the #OneMillionWallets campaign! With nearly 400 participants, we received an impressive 100+ templated challenges submissions by non-developers participating as part of the community challenges and an impressive 10+ production-level hackathon submissions.
TL;DR: When we started the Alchemist Program back in February this year, little did we know it would take on a shape of its own – to become one of the most vibrant community programs in web3, with 2500+ members participating from over 100 countries. The next step of the program’s evolution from being community-led to community-owned is here.
Today, we are excited to announce the launch of AlchemistDAO at MCON 2021 in Denver. AlchemistDAO stems from the first version of the Alchemist Program and brings together a community of innovative data-nerds within the Covalent network, breaking barriers, and creating a new economy powered by data. We want the Alchemists to explore aspirations, pursue queries, and own their future in a space where contributions become currency.
We believe that everyone should have access to education, a high-quality network, career opportunities, and a space to explore their purpose. With AlchemistDAO, we are creating that space for data nerds like us, who want to understand more about the data and the possibilities that it unlocks.
TL;DR: On last week’s Twitter Spaces we dove into hype cycles in crypto. Joining Ganesh was Joel John from LedgerPrime, Marc Weinstein from Mechanism Capital, Siddharth Jain from DefiDollar and Covalent moderator Pratik Gandhi. Our panellists explored three topics; platforms vs. applications, exogenous factors driving demand, and investment cycles. The consensus was that we have yet to cross the chasm to the mainstream market, but this cycle has created a lot of opportunities for both individuals and investors. Wise practices in hype cycles are to follow the teams who have a strong core and who contribute value regardless of the market conditions.
Join us every Wednesday at 10 am Pacific as take apart key topics in the crypto space!
TL;DR: Our most recent Twitter Spaces featured 4 exemplary DAO founders who were gratuitous to share their thinking behind DAO infrastructure. We had Dennison Bertram from Tally, Cooper Turley from Audius, Eyal Eithcowich from DeepDAO, Shreyas Hariharan from Llama with Pratik Gandhi from Covalent moderating. We discussed a wide range of topics from the core ideas that make DAOs tick, to the current state of infrastructure, gaps/opportunities to builders, treasury management best practices to governance/legal frameworks.
This session was by far our most attended Twitter Spaces session we’ve had with over 200 members listening in at its peak.
‘DAO’ stands for Decentralized Autonomous Organizations: think of internet-native communities with a built-in governance framework tied in an executable code. The members of a DAO go after a shared set of goals to use web 3 native tools to make decisions open, transparent, and efficient.
TL;DR: Building an ecosystem is challenging – especially when it is still at its nascent stage. Our most recent Twitter Space featured Erik Ashdown, Covalent’s Head of Ecosystem Growth who breaks down the ecosystem growth in little pieces. He touches multiple facets of the Web 3 ecosystem from what it is, how to scale from the ground up, what chops you need, who the key players are, and how we at Covalent have been building the ecosystem.
There are multiple ways to grow the ecosystem but we have found the recommended strategies the most efficient and effective. These strategies stand at the intersection of collaboration, innovation, and creating value.
Disclaimer: The offer and sale of the tokens are not being made available within the United States, Canada, and certain jurisdictions. You will be required to provide documentation and verify your eligibility to participate.
TLDR: Covalent is doing a community token sale on Coinlist. Covalent is an indexing-querying middleware solution with major customers like 0x, Zerion, NFTX and 100+ other major DeFi and NFT projects.
Following months of research by the Covalent team - we are delighted to announce that the decentralized Covalent Network is going to live on the Moonbeam network. Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot.
The following describes our thought process and decision matrix on how we made the decision to build on Moonbeam.
VANCOUVER, March 24th, 2021 - Covalent, a unified API for blockchain data, has closed a $2 million strategic funding round led by Hashed with participation from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and other ecosystem partners. The new funding will accelerate product timelines to launch a decentralized version of the market leading Covalent API.
Covalent is sponsoring the upcoming ETHGlobal’s NFTHack hackathon - bringing together a collective of passionate creatives and developers for a weekend hackathon.
NFTs have seen a recent uptick in the current news cycle - with the $69 million Beeple NFT sale to NBA TopShot record sales to … a lot more than what we can write about here. NFTs have mainstream appeal and are attractive to a broader audience than the userbase that DeFi targets.
Though the core technological underpinning behind NFTs have been around since the last cycle in 2017, the data underneath NFTs continues to be hard to retrieve. The challenges arise from a combination of non-compliant standards to a portion of the data living off-chain.
The good news is that Covalent has been working diligently over the last few months sorting through the tough data challenges with respect to NFTs. These world-class APIs have been battle tested by some of the biggest NFT projects in the space - ChainGuardians, NFTX, TerraVirtua and many more!
So you’re in good company!
While others begin to wind down as we approach the end of 2020, the year is far from over here at Covalent. We announced:
Today we are excited to announce that the Puzzle part of our Dungeons & Data crypto-data challenge has been launched following the successful conclusion of the first Puzzle round.
The Puzzle Paladin challenge is a sequence of brainteasers, designed to help participants exercise their logic and puzzle-solving skills. And of course, have fun!
Covalent is going to Denver to participate in the largest Ethereum – and other blockchains – event of the year. Ganesh (Covalent’s co-founder) will be giving a talk on the DeFi data availability gap and will showcasing common DeFi use-cases that can lead to a nightmare when it comes to record-keeping.
We really love the Ethereum community, so feel free to message Ganesh (his DM’s are open.)
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