Polygon, in partnership with Xend Finance, has launched the Polygon Bootcamp Africa Class of 2022. The Bootcamp, also called Polygon Fellowship, is an exclusive eight weeks intensive certified mentorship program. It includes a hackathon in Africa, an event in partnership with Xend Finance for individuals who want to take the next step in their Web3 Development Journey.
The Polygon Bootcamp and Hackathon will be the company’s first in Africa and will introduce developers in the region to the Polygon ecosystem using Xend Finance and Polygon technologies.
Polygon is a Dubai decentralised Ethereum scaling platform, the leading Web3 infrastructure used by some of the world’s biggest companies, including Meta, Stripe, and Reddit, while Xend Finance is a Nigerian web3 startup and the leading global crypto bank.
The Program Tracks
The programme has two tracks, the Beginner and Master tracks. Those chosen for the mentor-led program will learn how to build decentralized apps on the Polygon blockchain and receive the official Polygon Africa Bootcamp Certification upon completion. Mentors and judges include Shodipo Ayomide, Global Head of Developer Advocacy of Polygon, Ugochukwu Aronu, CEO of Xend Finance, Victor Osaretin Asemota, and Yele Bademosi, CEO of Nestcoin, amongst others.
The Beginners track will focus on an introduction to Web3. This track will be open for developers who are new to the web3 space and do not have any web3 experience yet. Participants will form teams or build projects individually with the help of industry mentors. The top 3 projects will earn the following bounties: $5,000, $3,000, and $2,000. The next top 10 projects will get $500 each.
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The master track will focus on advanced web3 education and is targeted at those with experience in the web3 space. Participants will form teams or build projects individually with the help of industry mentors. The top 3 projects will earn the following bounties: $10,000, $7,000, and $5,000. The top 3 projects will also access the accelerator, while the top 15 will get $750 each.
The winning companies will also be considered for Polygon’s seed investment program and will be featured on the decentralized website Xend Launchpad, which connects projects with global investors.
Sandeep Nailwal, Chief Operations Officer and Co-founder of Polygon, claimed that Africa has the highest potential to take full advantage of Web3 and provide its people with a borderless economy and stability
“Africa has the greatest potential to harness the power of Web3 and bring a borderless economy and stability to its people,” said Sandeep Nailwal, COO and Co-Founder of Polygon. “We are excited to hold our first hackathon and fellowship in Africa, which we hope to do for years to come.”
Polygon and Xend Finance are expecting more than 2,000 developers, working with numerous developer organizations in Africa, including GDG Nairobi, amongst others. The Polygon Bootcamp is open to all applicants, with the application period starting today, September 26, and the deadline commencing on October 7.
Those selected will start the program on October 10 and end it on December 2. Over $60,000 in prizes will be given out following the hackathon, with two divisions – a beginner’s and a master’s – with first place receiving $10,000, followed by $7,000, $5,000, and $750 for the top 30 projects. The winning projects will also be considered for seed funding from Polygon and exposure on Xend Launchpad, a decentralized platform that exposes projects to international investors.
“As a Web3 infrastructure for developers, which includes a crypto payment API and wallet infrastructure, we are very excited to help a generation of developers reach a global audience,” said Ugochukwu Aronu, CEO of Xend Finance. “Working with Polygon allows our existing developer base and new developers to tap into the power of the Polygon blockchain and ecosystem using our technology. We are Africa, and we are proud to support our community. ”
The application starts on the 26th of September, 2022 and closes on the 7th of October, 2022.
Find out more about the Polygon Bootcamp and how to apply HERE
What to Know About Xend Finance
Xend Finance is a global crypto bank offering up to 15% interest, with an open Web3 infrastructure for developers. Members can earn multiple levels of interest on their savings by seamlessly exchanging their crypto or fiat currency for stable cryptocurrencies and staking them on the Xend Finance platform. The company’s Cross-Chain High Yield Aggregator is the first product in the industry that automatically scans and ensures the highest yields across multiple chains.
Sendy, Meta and Innovation Growth Hub offers free training programs to SMEs
The open Web3 infrastructure of Xend Finance is available to developers. By easily converting their crypto or fiat money to stablecoins and staking on the Xend Finance platform, members can earn various rates of interest on their investments.
The company’s cross-chain high-yield entity is the first item available in the market that automatically checks and aims to ensure the highest yields across different chains.
Professionals from KPMG, Chevron, Huobi, and Stanbic Bank make up the multi-national team at Xend.
They have backgrounds in mathematics, finance, cryptography, and blockchain development. Xend Finance is backed by NGC Ventures, AU21 Capital, Hashkey, Google Launchpad, and Binance, to name a few of the investors.
Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for the Web. Its growing suite of products offers developers easy access to major scaling solutions, including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
Polygon sets an example for other solutions in the Web3 environment by being carbon neutral. The hosting of more than 19 000 decentralized applications, the processing of 1.6 billion transactions, the identification of 142 million unique user addresses, and the security of $5 billion in assets demonstrate the widespread acceptance of Polygon’s scaling solutions.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp.