The crypto winter has taken its toll on the blockchain space, leaving behind only the most resilient projects with real-world value. As the community begins to look toward an upcoming bull cycle, many overhyped, speculative ventures are fading, leaving the door open for more sustainable and impactful initiatives. One such project leading the charge for a more mainstream Web3 future is Stellar, a blockchain known for its real-world applications. With the launch of its “Build Better” initiative, Stellar is setting the stage for the next big leap in Web3 development.
Empowering the Community to Shape the Future
The central idea behind Build Better is simple: it’s about giving voice to the community and enabling builders to transform ideas into actionable solutions. In its first phase, Build Better seeks to empower individuals by inviting them to share their most transformative ideas in three key areas where Web3 can have a significant impact. These areas include rethinking financial systems to be more efficient and accessible, providing creators with the tools to monetize and own their work, and removing barriers to allow broader participation in the digital economy.
Over the next eight weeks, Stellar Development Foundation (SDF) will engage the Web3 community via polls, questions, and video submissions. These submissions will be entered into a contest, with a prize pool of $30,000, all paid in USDC. While polls and questions will help spark ideas, only video submissions will count toward the contest entries. The overarching question driving the contest is, “What would you build better?”
Turning Ideas Into Real Solutions
Once submissions are collected, SDF will consolidate the community’s ideas into actionable tracks for the Build Better hackathon. This hackathon will focus on tangible challenges in the Web3 space, directing developers’ efforts to create practical solutions that go beyond just conceptualizing new ideas. This marks a significant shift from speculative projects to ones that are grounded in real-world applications.
Stellar’s Unique Role in the Web3 Ecosystem
Build Better is not just another hackathon—it’s a movement that ties the aspirations of Web3 users with the capabilities of blockchain technology. Stellar’s blockchain ecosystem already powers over 550 million tokenized assets and connects to more than 475,000 cash-to-crypto ramps in 180 countries. These numbers demonstrate Stellar’s robust infrastructure, making it an ideal platform for building scalable and impactful Web3 solutions.
550M+ tokenized assets. 475K+ crypto ramps. 180+ countries. One network: Stellar.
— Stellar (@StellarOrg) November 18, 2024
Built better, so you can build better. #BetterOnStellar pic.twitter.com/o7v1uTAjHZ
The initiative aligns with Stellar’s broader mission: to bridge the gap between technology and the real world, ensuring that blockchain can drive meaningful change in areas like finance, art, and the digital economy.
For builders, creators, and visionaries eager to make a difference, the Build Better platform offers multiple ways to engage. They can submit ideas, join conversations on social media with #BetterOnStellar, or look forward to upcoming hackathons inspired by the program.
As Web3 continues to evolve, initiatives like Build Better are leading the way, providing not just a vision for a better future but the tools and platform to make it a reality.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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