Oxentia Foundation and Banco Santander are inviting all interested startups and scaleups from 11 nations to compete in a blockchain challenge and get the chance to win cash prizes.
Companies are being invited to propose ideas addressing various issues like improving user privacy and security in blockchain networks, enhancing DeFi and tokenization, and boosting and expanding digital interactions with the users via concepts like Web3 and the Metaverse.
The challenge is now open to firms from Brazil, Chile, the US, Germany, Argentina, Portugal, Poland, Spain, Uruguay, the UK, and Mexico.
All interested players have until June 9 to apply, after which a panel of experts is expected to pick 20 finalists to participate in a pitch day at which three winning startups will get €10,000 each and three winning scaleups will be rewarded with €30,000 each.
Companies will also get extensive access to Santander X 100, the bank’s community of startups that links them to training, advice, clients, capital, talent, and networking. The head crypto and blockchain centre of excellence, Banco Santander, Coty de Monteverde, said:
“There is still a long way to go before blockchain is definitively installed in the daily life of people and companies, and at Santander Universities we want to give visibility and help startups and scaleups with innovative solutions in the use of this technology.”