Yesterday Santander announced plans to run an awards ceremony on July 14 in the Decentraland metaverse for its Santander X Global Challenge | Blockchain. The six winners will receive €120,000 combined and join its entrepreneurship community.
The competition was run in association with Oxentia Foundation. It had 400 entries that have been whittled down to 20: ten startups and ten scale-ups. Projects covered a wide range of subjects, including privacy and security for blockchain networks, DeFi and tokenization, and web3 and the metaverse.
One of its finalists, nChain, is somewhat notorious. Its CTO is Craig Wright, who claims to be Satoshi Nakomoto, the creator of Bitcoin. The irony is that Bitcoin is intended to be trustless money, and NChain is pitching a central bank digital currency solution based on trusting central banks.
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