Legends of Lightning, a contest between various Bitcoin businesses, showcases Bitcoin as a better platform for Web3.
The contest was comprised of 65 global events and had 73 participant projects. The prize was 3 BTC (USD 50,000) which was to be shared between contestants. The tournament’s winners were AgriMint, Lightsats, and Mutiny Wallet. The contest was put together by Bitcoin company Bolt Fun and 260 worldwide builders, hackers and devs faced each other. Bolt Fun’s co-founder believes that the tournament is the biggest in the Bitcoin economy and the idea behind was to bring new makers on board with the ecosystem, innovate and work on lightning and bitcoin, and help companies with existing or new projects.
The co-founders of Bolt Fun think that Bitcoin provides the sole decentralized infrastructure for working on Web3, despite ecosystems such as Ethereum or Solana stealing the spotlight. The Legends of Lightning winner, Lightsats, based their winning project on a tweet from Brad Mills, a Bitcoin entrepreneur. The tweet asked for the capability to donate or tip Bitcoin without having to explain how to install a crypto wallet.
The event’s creators hope to make this an annual contest with bigger prizes and more participants. For next year, Legends of Lightning hopes to have 1,000 participants.