Owing to the vibrant and innovative nature of the IOTA (MIOTA) community members, the IOTA Foundation has announced The Perfect Brainstorm, a community contest focused gathering the brightest thinkers, visionaries and business oriented people together to bring out use case ideas that have the tendency of favouring IOTA.
The grand winners will have their mighty ideas implemented. In the same line, there will be cash prizes for the top 3 ideas and the best 5 submissions will receive limited edition IOTA branded Ledger Nano devices, IOTA has said today.
Although, there are many prizes to be won, winners, however, will be a part of the IOTA Foundation, and will work together with experts to realise the use case ideas in the real world.
According to the foundation, the use case will be open-source to get additions from far and wide. Those with worthwhile ideas are expected to clearly define the problem their projects intends to solve, describe the market for the use case, and where they intend applying it. Ideas are expected to be submitted on or before 14th December 2018.
IOTA Foundation Has Financed 10 Projects With $1m
The IOTA Foundation has been financing and supporting projects utilizing IOTA through the Ecosystem Fund, an idea that is helping the IOTA to add more innovations to the ecosystem.
The Ecosystem Fund has financed and supported 10 projects with nothing less than $1m in commitments.
The decision to add more innovations to the platform is born out of the fact that IOTA has a large community on Reddit and Discord, and members of the community have helped reshaped the IOTA ecosystem with their awesome additions to IOTA and DLT as a whole.
With growing number of projects in the IOTA ecosystem, there is no doubt that the platform is set to be the king of IoT.