The community around IOTA is one of the most vibrant and innovative in the entire DLT ecosystem. With the help of the Ecosystem Fund, the IOTA Foundation is focused on funding the development of projects utilizing IOTA — effectively helping to bring ideas to life. This initiative has been a huge success so far, with 10 projects being funded to date with over $1m in commitments.

Next to the initiatives supported by the Ecosystem Fund, we’ve seen a large portion of the community on Reddit and our Discord server proposing and discussing together possible use-cases for IOTA. This discussion within the IOTA community has helped mature the thinking around the possibilities of IOTA and DLT in general, and has brought various interest groups and individuals closer together. At the end of the day, IOTA is an open and permissionless ecosystem, with the IOTA Foundation acting as a facilitator of innovation within this ecosystem.

Today we are happy to announce The Perfect Brainstorm, a community contest aimed at bringing the brightest thinkers, visionaries and business oriented people together to work out concrete use case ideas enabled by IOTA. The grand winner of this contest will get their idea implemented. There will be cash prizes for the top 3 ideas and the best 5 submissions will receive limited edition IOTA branded Ledger Nano devices.

Prizes and How to apply to the Contest

The winners of the contest will win a combination of the following: