Blockchain network IOTA has recently announced the launch of its MOVEATHON, a nine-week global hackathon inviting developers to create innovative solutions on the platform. With a prize pool exceeding $150,000, the initiative aims to engage builders worldwide in advancing IOTA’s ecosystem.
IOTA stated that the purpose behind organizing this MOVEATHON is to bolster collaboration and creativity within the IOTA community significantly. As we know, the network has officially integrated the Move programming language into the network to unlock new possibilities for innovation and utility.
To encourage developers to leverage this advanced paradigm, IOTA is launching a series of hackathons designed to introduce Move on the platform and support creative builders in bringing their visions to life.
IOTA MOVEATHON Kicks Off: Key Dates and Details Announced
The first edition of the IOTA MOVEATHON begins today, March 3, 2025, with the registration period officially open for teams and individual developers. Participants can now submit their details to the platform, with successful applicants gaining access to the dedicated IOTA MOVEATHON Discord, as per the official blog post. Below are some of the key dates that users need to remember.
IOTA will then invite successful teams to the Singapore event in order to present their solution and connect with the team members, partners, supporters, as well as investors. Also, they would be covering travel expenses for winners up to $500 per person.
The first IOTA MOVEATHON will distribute a total of $150K to the winners. The first place receives 35,000 USD, second place receives 25,000 USD, and third place receives 15,000 USD in prize rewards.
Four Tracks to Redefine Innovation with Move VM
The IOTA MOVEATHON has revealed four specialized tracks aimed at showcasing the potential of IOTA’s Move Virtual Machine (VM). Each track focuses on pioneering advancements in decentralized technology, encouraging participants to explore new frontiers:
1. **Payments & Consumer Applications**
This track challenges developers to revolutionize payments and consumer applications in a decentralized world using IOTA’s Move VM. Participants can build secure, feeless payment systems and user-friendly dApps, enabling seamless blockchain-based solutions for micropayments, global remittances, and more.
2. **Real-World Applications in Tokenization and Global Trade**
Developers in this track will focus on transforming physical assets into digital counterparts through tokenization and digital twins. From supply chain tracking to tokenized real estate, participants will leverage IOTA’s capabilities to bridge the gap between tangible assets and blockchain technology, creating trustless interactions with real-world data.
3. **DeF(A)i – Decentralized Finance Enhanced by AI**
This track invites participants to merge decentralized finance with artificial intelligence. Builders will design smart DeFi solutions, such as AI-powered lending platforms, predictive financial models, and personalized investment tools, to redefine decision-making, risk management, and user experiences in finance.
4. **Tooling & Infrastructure**
Dedicated to the core building blocks of a decentralized ecosystem, this track encourages participants to create tools and infrastructure supporting chain abstraction, digital identity, cross-chain transfers, and seamless interaction between EVM and Move. Developers will contribute to foundational technologies that enhance IOTA’s ecosystem capabilities.