Monad has announced the launch of Monad Madness, a pitch competition offering $1 million in prize money. The competition will take place in two locations: New York City from October 2-4 and Seoul from December 6-8. A total of 20 teams will compete at each venue, with over 60 venture capitalists expected to attend, showing more than $60 million in expressed investment interest. Additionally, applications for the MVP Hackathon are now open, scheduled for November 1-10, with a grand prize of $500,000 in funding and admission to the next Alliance Accelerator cohort. Codebase, the Avalanche ecosystem's elite accelerator, is also back for its second cohort, featuring a $1 million prize pool and $50,000 team stipends, with only five teams to be selected for participation.