Phala Network has announced its partnership with Octaloop for the Unblock 2022 hackathon. Unblock is a Web3-focused hackathon aimed at promoting blockchain technology and encouraging its potential applications in India, creating new opportunities for both Web3 companies and enthusiasts to discover networking and investment opportunities in the space.
As the Metaverse paradigm continues to evolve around us, trustless infrastructure is becoming an ever-growing concern for digital explorers. Phala Network is a Web3 cloud-computing platform with privacy-preserving features, enabling projects to deploy off-chain contracts (Phat Contract) within trusted environment execution (TEE) enclaves. It’s also the first project to bring privacy features to the Polkadot ecosystem.
However, Phala offers more than just privacy. The project’s mission is to become the world’s largest decentralized and serverless compute cloud for Web3 and support complex computation with low latency and low cost by Phat Contract. As a hub for blockchain developers, enthusiasts, and investors in India, Unblock 2022 will help promote the Phala network to a passionate Indian crowd, bringing more brains onto the network to produce utility-driven applications.
At Unblock 2022, participants will get to express their ideas to on-site mentors and other professional developers. This will give them a better understanding about how feasible their concepts are, and what kind of business models can be built around them. It’s the perfect opportunity for anyone looking to make it as a developer in the blockchain industry.
Through the Unblock hackathon, Phala plans to also incentivize developers to find new use-cases, fix bugs, and generate activity on the network. If this sounds interesting, learn more about the Unblock hackathon here.
Besides a full-fledged hackathon, Metamorphosis 2022 comes loaded with prizes, talks from industry leaders and influencers, career and networking opportunities, and some fun and games for crypto nerds. Mark your calendars and check out the official website for more updates on Metamorphosis 2022 and the Unblock hackathon!
About Octaloop Octaloop is a blockchain consulting and marketing firm founded by Anupam Varshney, a long-time cryptocurrency enthusiast and thought leader in the Indian blockchain space. Besides working with some of the biggest brands in the Web3 arena, Octaloop also hosts physical and online events catering primarily to cryptocurrency enthusiasts, professionals, and businesses.
The team is also building Binamite, a solution that brings frictionless crypto payments to businesses and contractors. Binamite gives businesses the flexibility to pay using their preferred payment method while letting contractors choose how much of their pay they’d like to split between fiat and cryptocurrencies. To learn more, check out Binamite.com.
About Phala Network
Composed of a core team from companies like Google (NASDAQ:GOOGL) and Tencent (HK:0700), Phala’s co-founders Marvin Tong and Hang Yin, spearheaded the development of Bitcoin Gold’s Equihash mining algorithm. Besides offering Web3 cloud services, the project also provides clients off-chain computation with a gasless, powerful composability, NoOps service programming mode, named Phat Contract.
Further, Phala offers seamless blockchain interoperability, even allowing contracts on different networks to call each other before any computation has been executed – a feature that many other interoperable protocols struggle with. For more information on Phala and how you can get involved, check out Phala.Network.
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