According to Techub News, the parallel blockchain Monad announced the launch of the "Monad Madness" competition, which will allocate a prize of 1 million US dollars. Each region can have up to 20 teams participating, and multiple VCs will participate in the review, accumulating more than 60 million US dollars in potential investment scale. The first phase will be held in New York from October 2nd to 4th, and the second phase will be held in Seoul, South Korea from December 6th to 8th.