NEO Blockchain Application Competition Sees 160 Teams Work To Create New Game

More than 160 teams are working together nonstop in a healthy competition to make the most significant app for the NEO Network’s Blockchain. The friendly competition that can take as long as four months has commenced to find out what teams can build the most entertaining game, based on NEO.

NEO Competition To Create The Best App

The new information was released on the NEO website where it was called an event that takes place between May and August of 2018. There are now prizes totaling more than 3.5 million Yuan in value for whoever wins. That totals out to more than $524,000 USD in winnings.

The intro for the game reads as follows:

“The NEO Game competition, hosted by NewEconoLabs and supported by NEO, was created to encourage game developers to become familiar with the NEO blockchain. NEO provides an excellent platform for blockchain based game development, with features such as fast transactions and digital asset support. NewEconoLabs hopes to foster a vibrant blockchain gaming community and ecosystem.”

The deadline for the submission on projects is August 15th of 2018. The judging takes place soon after at the end of August, during which time the teams who win will get congratulations.

The new submissions must give access to a fully functional version of the game to be judged next year. During the competition, there will be 39 different wards used to issue GAS for the competition. The top tier prize to win is the Best Game Award, which gives away $120,000 in USD. Second prices include 500,000 Yuan for the Blockchain Award and Art Award, with 200,000 Yuan going to the Game Creativity Award and Business Value Award as well as many others.

Judges of the contest are Erik Zhang, core developer and founder of the NEO Network. Jason LIU, Founder of NewEconoLAbs is another, along with Zhu Wei Yu, Neo Global Founding Partner. Others include Mintao Chen, Founder and CEO of MagicOranges, Rong Deng, Manager COO and Chairman at the Dream Technology, Xiao Xiao, Founder of Qu Wei Technology, and Yifeng Liu, Operation Director of XD Technology.

As of now, during the writing of this article, NEO is easily one of the top virtual currencies on the planet. It has a total market capitalization of $2.29 billion dollars with a price of $35 for each token.

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