Cairo: Polygon, the leading Web3 blockchain network used by some of the world’s biggest companies including Meta, Stripe, Reddit etc, and Xend Finance, the leading global crypto bank, has today kicked off the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp and Hackathon will be the company’s first in Africa and introduces developers in the region to the Polygon ecosystem using Xend Finance and Polygon technologies.

The bootcamp aims at placing Africa on the global map, by equipping its developers with the requisite knowledge/education for blockchain development, offering financial incentives to motivate their interest in the space, and unlocking mentorship/funding opportunities for outstanding developers. Those chosen for the mentor-led program will learn how to build decentralized apps on the Polygon blockchain.

Mentors and judges include Iyinoluwa Aboyeji of Future Africa, Dalip Tyagi of Polygon, Yele Bademosi of Nestcoin, Steph Orpilla of Polygon, Shodipo Ayomide of Polygon, Victor Asemota of EdoInnovates, Damilare Aregbesola of Polygon, Prosper Otemuyiwa of Eden Life Inc., Jude Dike of GetEquity, Mayowa Tudonu of Shard Labs, Njoku Emmanuel of LazerPay, and Ugochukwu Aronu of Xend Finance, amongst others., amongst others.

The bootcamp will consist of a six-week learning and a two-week hackathon phase where participants will have to build decentralized projects on Polygon Blockchain and compete for huge financial and mentorship prizes. The bootcamp aims to bring together more than 2,000 developers, working with numerous developer organizations in Africa, including GDG Nairobi, amongst others from five African countries, namely: Nigeria, Kenya, South Africa, Egypt and Rwanda. All participants will be awarded with certificates.

Shodipo Ayomide, Global Head of Developer Advocacy at Polygon Technology, said “There are numerous financial complications in Africa. One of them is cross-country transfer of money. Through the right blockchain education, we believe most of these complications can be solved using blockchain technology. Besides this, the blockchain space is also a very lucrative segment of tech, with currently a very high supply of jobs. This bootcamp aims to train Egyptian and other African developers with the necessary resources to connect them to such global luxurious opportunities”.

Polygon’s products include a range of blockchain scaling technologies built to make Ethereum faster and cheaper for both developers and end-users. Only developers can build such applications, which is why the focus of this bootcamp is to train them to be able to do just that.

Ugochukwu Aronu, CEO of Xend Finance, said: “As a Web3 infrastructure for developers, which includes a crypto payment Application Programming Interface (API) and wallet infrastructure, Xend Finance will help African developers reach a global audience through Polygon’s blockchain”. 

The bootcamp will have two tracks namely: the Beginners track and the Mastery track. The Beginners track will focus on the introduction to Web3. This track will be open for developers who are new in the web3 space and do not have any Web3 experience yet. The best performing developer in this category will win $5000, while the first and second runners-up will get $3000 and $2000 respectively. Additionally, the next top 10 projects will each get $500. 

The Mastery track will, on the other hand, focus on advanced Web3 learning, and is targeted at those who have some experience in the Web3 space. The first, second and third project in this category will be awarded $10000, $7000 and $5000 respectively. The top three projects will also get direct access to Polygon’s Accelerator program, for further mentorship and funding, while the next top 30 projects will each be awarded $750.

Given the low uptake of blockchain technology in Africa, Polygon sees partnerships as the best approach to scale up uptake. “We have partnered with various developer communities such as Web3Bridge, Web3Ladies, etc. to train and transition African developers into blockchain developers, equipping them with necessary professionals and funds to give them the very best mentorship experience. We have also hosted various conferences across Africa such as ETHSafari in Kenya, Africa Money & DeFi Summit in Ghana, and CryptoFest in South-Africa, to enlighten Africans about the various possibilities of blockchain technology in the continent’s fintech industry”, said Michael Jordan, Business Development Team Lead.

Polygon’s apps have top security features. The blockchain is a layer 2 network built on top of Ethereum, with the sole mission of making transactions on Ethereum faster and cheaper. Polygon blockchain inherits the security level of Ethereum whilst doing this. The more secured Ethereum is, the more secured Polygon is. With the decentralised features of Ethereum and Polygon, security issues are well taken care of. This is evident in the number and calibre of big brands such as Instagram, Facebook, Stripe, Adidas, Mercedes Benz, etc. that have chosen to build on the Polygon network.

“The future is indeed bright. We see Web 3.0 as the only industry with the right technology to solve Africa’s numerous financial problems, and the only channel through which Africans can truly attain financial freedom”, Dalip Tyagi, Developer Relations Team Lead, said. ‘’Working with Polygon allows their existing developer base, along with new developers across Africa, to tap into the power of the Polygon blockchain and ecosystem using Xend Finance’s technology.’’ 

Register for the #PolygonAfrica #Web3Bootcamp here.

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About Polygon

Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here. 

About Xend Finance 

 Xend Finance is a global crypto bank offering up to 15% interest, with an open Web3 infrastructure for developers. Members can earn multiple levels of interest on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking on the Xend Finance platform. The company’s Cross-Chain High Yield Aggregator is the first product in the industry that automatically scans and ensures the highest yields across multiple chains.

The international team is made up of professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for KPMG, Chevron, Huobi, and Stanbic Bank. Xend Finance is backed by Binance, Google Launchpad, NGC Ventures, Hashkey, and AU21 Capital, amongst others.