Blockstack, a new internet for decentralized apps, has teamed up with ShapeShift, a popular semi-decentralized exchange, to offer a community bounty of $50,000 to anyone who can develop a universal cryptocurrency wallet. In the announcement, Blockstack states that it will reward the “individual or team with the best open source wallet app using Blockstack for Authentication, Storage, and Encryption, and ShapeShift’s API for token exchange.”

“Increased interoperability and collaboration between projects will only hasten the pace of innovation — and making each project’s atomic unit of value accessible across communities is critical. That’s why we are partnering with ShapeShift to enable an open source wallet where users can hold and exchange most, if not all current and future forms of tokens, all in a decentralized manner.”

Here’s more information on the bounty:

Timeline

9:00 AM EST April 2 5 , 201 8 : Global Bounty is announced for $50k USD.

11:59 PM EST June 25 , 2018: Bounty is closed and all projects must be submitted via the submission form .



. June 2 9 , 2018: The winning project is announced.

Requirements

Must be open source

Must use Blockstack for identity , storage , and e ncryption

ShapeShift API

Must use the

Must support custom tokens

Judging Criteria

How thoroughly have the submission requirements been met, completed, or exceeded?

Is the application creative, original, and functional?

Is the application easy to use from the standpoint of user onboarding, adoption, and navigation?

🦊📣 ShapeShift & @blockstack are offering a $50k Signature Bounty for a universal wallet! Find out more about this challenge ⬇️ https://t.co/Mo4mWDhWsc — ShapeShift 🦊 (@ShapeShift_io) April 26, 2018

Last Fall, Blockstack launched its Signature Bounty campaign to incentivize developers to build decentralized applications. Additionally, the blockchain project raised $52.8 million in its December ICO.