As a researcher with experience in the blockchain industry, I’m excited about Supra’s recent announcement of a $100M fund to incentivize third-party developers to create and deploy applications on their Layer 1 chain. This is a significant investment that highlights Supra’s commitment to building a robust ecosystem.
Expert: Supra, a vertically integrated blockchain with full integration, has declared the establishment of a $100 million fund. This fund aims to catalyze the growth of the ecosystem by motivating external developers to build and introduce applications on the primary chain. Notably, this chain offers multi-VM support.
As an analyst, I’d describe it this way: The Super dApp Showdown, referred to as such due to its competitive nature, is modeled after popular television game shows. It consists of distinct seasons, and a esteemed panel of judges are responsible for determining the champions. The inaugural season of Super dApp Showdown is scheduled to begin in August, with teams vying for a piece of the impressive $100M reward pool.
Prepare for the most anticipated event in the Web3 world: The Super dApp Showdown, where both established champions and emerging contenders will go head-to-head. We’re pushing the boundaries of blockchain technology by integrating all essential services at their core and combining multiple Virtual Machines into a single, robust Layer-1 platform for Super.
— Supra (@SUPRA_Labs) June 13, 2024
Bringing Top Talent to the Table
For newcomers in Web3 development, choosing the suitable blockchain platform for building applications presents a challenging decision. Architects of Layer 1 (L1) and Layer 2 (L2) chains are engaged in an intense competition, vying to draw developers capable of creating useful applications that can attract real users. Through initiatives like incubation programs and grants, blockchains aim to encourage development on their network, offering support in the form of network access and introductions to investors to help these teams maximize their potential.
As a crypto investor, I’m excited about the upcoming Super dApp Showdown. I’ll be looking forward to seeing the diverse panel of judges, which includes Supra, as well as representatives from Google Cloud, Republic Crypto, Hashkey Capital, and the crypto-focused reality show Killer Whales. With this unique blend of industry experts, we can anticipate a thorough evaluation of an eclectic mix of dApps, each bringing innovative solutions to various use cases such as GameFi and DeFi.
According to Joshua Tobkin, CEO of Supra, bringing in the right builders and founders involves a blend of financial resources and exposure. Projects joining Supra will not only have access to its $100 million fund and 500,000 verified token holders but also an opportunity to be showcased on Killer Whales. This exposure offers the added benefits of collaborating with Killer Whales’ exceptional team, high-quality production capabilities, and increased visibility.
As a crypto investor, I’m excited about the potential reach of 600 million viewers that Killer Whales has to offer. By highlighting Supra through their platform, they have the power to bring significant attention to this project. Additionally, showcasing successful dApp developer contestants can further boost the profile and credibility of Supra within the crypto community.
The Future Is Supra
As a researcher exploring the latest developments in blockchain technology, I’m excited to share that Supra represents my top pick as an all-inclusive L1 platform surpassing the capabilities of older smart contract chains like Ethereum. Equipped with a comprehensive toolkit and essential features, Supra caters perfectly to both developers and users.
Modern blockchains prioritize scalability above all, but Supra’s benchmarks stand out not only within the web3 realm but also compared to traditional payment systems. Supra’s Moonshot consensus mechanism achieves a throughput of more than 500,000 transactions per second (tps), with an optimistic finality time of just 500 milliseconds and full finality in 1.5-2 seconds.
The performance benchmarks indicate that Supra excels in developing payment applications with large transaction volumes. However, the perspectives of developers participating in the first season of the Super dApp Showdown could vary. The true implications will be unveiled when the winners present their projects on Killer Whales during this year’s event.
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2024-06-13 14:00