LiquidApps has confirmed it’s launching the first-ever DAPP Network Hackathon. The hackathon will be open to developers around the globe, with the opportunity to win a prize from a pool worth $50,000. It will take place on November 17-24 and is currently open for registration.

Most hackathons take place at a physical location, often tagged on to the beginning or end of a developer conference or event. However, LiquidApps is taking the innovative step of opening up its hackathon to developers all over the world by conducting it online. The company states in a blog post that it wants to ensure the entire LiquidApps community has an opportunity to participate, which prompted the decision to hold the hackathon as an online event. LiquidApps will open up a web platform where participants can register, form teams, and submit their projects remotely.

For anyone who prefers the traditional on-site format, LiquidApps is adopting a hybrid approach for its hackathon. Alongside the online event, the company is hosting an in-person DAPP Network Hackathon in its home city of Tel Aviv. Furthermore, it’s encouraging developers around the globe to assemble their local communities by hosting on-site hackathons in their own cities.

Hackathons are a massively popular way of bringing developers together around a problem or challenge and focusing attention on solving it in a short space of time. One of the biggest in the world is Odyssey, which this year attracted 1,500 attendees from 29 countries. It’s produced over 230 working prototypes over the last three years, over 30 percent of which are in ongoing development.