Hack the Rainbow  will be a creative, collaborative, cross chain hackathon focused on building the bridges needed to make web3 an accessible reality for everyone. Our aim is to work with our Ethereum partners and bring together the best tools for that build.

This is our collective chance to explore and create that "wide range of related and colourful things" that can bring Ethereum and NEAR together. We see it as a chance to deliver community education and broaden opportunity for everyone wanting to explore the power of interoperability and interconnectedness.

The Rainbow Bridge allows developers to utilize Ethereum assets and smart contracts on NEAR—a fast, scalable, and low-cost environment. The Bridge has the power to accelerate community development as it allows ETH users immediate access to apps built on NEAR.

This is the first trustless bridge of its kind. It supports ERC20, ERC721, and remains fully decentralized and adaptable to any future protocol changes on either side. You can already check out the Github repo and read the launch blog to find out more about the bridge. 

Our two week hackathon starts September 15 but will be preceded by two weeks of educational content so that all participants can get up to speed with NEAR, the bridge and all the possibilities. All workshops will be recorded on Crowdcast and available publicly for you to watch at any time! You can watch some of the previous workshops here on Crowdcast and make sure to follow us to get the latest updates. 

$50,000 in prizes

• Adherence to challenge (E.g. how well does it solve the proposed problem)
  
• Practicality in the real world
  
• Originality and innovation
  
• Technicality of implementation
  
• Design and usability