UPDATE: Cronos has just launched the x402 PayTech Hackathon, a global challenge offering $42,000 in prizes, aimed at revolutionizing AI-integrated blockchain payments. Developers worldwide are urged to participate in this urgent initiative, which opens registration today, December 1, 2023, on DoraHacks.
This challenge invites creators to leverage the Crypto.com AI Agent SDK and the latest infrastructure upgrades across the Cronos and Crypto.com ecosystem. With the network’s recent technical enhancements—including a remarkable tenfold drop in gas fees and a 400% surge in daily transaction volume—Cronos is positioning itself as a pivotal platform for high-performance AI-native applications.
Mirko Zhao, Head of Cronos Labs, emphasized the importance of this hackathon, stating,
“This hackathon is a testing ground for what happens when AI agents can not only process data but also move value.”
Participants will have full access to the Cronos and Crypto.com infrastructure, enabling them to develop tools that seamlessly bridge traditional finance with decentralized protocols, potentially reaching millions of users globally.
The build phase of the hackathon will run from early December through January 31, 2024, encouraging developers to explore automated transaction flows, AI-powered smart wallet behavior, and real-world asset integrations. Teams will benefit from workshops, live office hours, and a comprehensive resource library that covers everything from the Cronos EVM to x402’s programmable payments.
This initiative aligns with Cronos’ long-term vision to serve as a foundation for institutional tokenization and AI-driven finance. As the hackathon progresses, top teams may be selected for additional support, including grants, incubation, and collaboration within the Cronos ecosystem.
With the blockchain platform already serving over 150 million users and processing more than 100 million transactions, the launch of the x402 PayTech Hackathon is a crucial step toward enhancing the accessibility, security, and scalability of tokenized assets.
Developers are encouraged to register today and take part in shaping the future of AI-driven finance. For more information, visit cronos.org or follow @cronos_chain on X.
Stay tuned for more updates as this groundbreaking hackathon unfolds!
