Island DAO just dropped an exciting announcement on X that's got the Solana community buzzing. Their v3 event, kicking off in Mykonos, Greece, from September 17 to October 17, 2025, is more than just a gathering—it's a full-blown hackathon and launchathon aimed at shipping innovative Solana apps. With $60,000 in prizes up for grabs, this could be the perfect breeding ground for the next viral meme tokens on the Solana blockchain.

For those new to the scene, Solana is a high-speed blockchain known for its low fees and quick transactions, making it a hotspot for meme tokens—those fun, community-driven cryptocurrencies often inspired by internet memes. Think Dogecoin on steroids, but with Solana's tech enabling rapid launches and trading. Island DAO, a decentralized autonomous organization (DAO) focused on network states and events, is hosting this to bring builders together in a paradise setting.

The tweet thread from @islanddao starts with a captivating welcome tour video showcasing the stunning Mykonos venue. It's not your typical crypto conference; everything here is on-chain, meaning all decisions—from event voting to prize distributions—are handled transparently via Solana's blockchain. This on-chain focus aligns perfectly with meme token ethos, where community governance and transparency are key to building hype and trust.

Diving deeper, the hackathon is open to both in-person teams in Mykonos and remote participants. You need an Island DAO PERKS NFT to join, which acts like your ticket to the ecosystem. The main hackathon track offers 30,000 USDC in prizes for building Solana apps, while the Launchathon adds another 10,000 USDC for turning ideas into startups, including DAO constitutions, tokenomics, and community building. Plus, there are up to 20,000 USDC in insta-grants for specific themes like consumer goods and DAO tooling.

Why does this matter for meme tokens? Solana's ecosystem thrives on creativity, and meme coins often start as simple ideas that explode through community engagement. Events like this provide the tools, funding, and networking to prototype meme-inspired projects. Imagine hacking a meme token with built-in NFT perks or on-chain voting for meme contests—the possibilities are endless. Tracks sponsored by Metaplex (NFT backbone), Soulblaze (staking validators), and Walrus (decentralized storage) could directly fuel meme token innovations, like NFT-gated meme communities or stakeable meme assets.

One reply in the thread humorously highlights the prizes with a peeking meme image, capturing the FOMO (fear of missing out) that's rampant in crypto circles.

The deadline for submissions is October 11, 2025, so if you're a blockchain practitioner eyeing meme tokens, check out the details on their site here. Even Solana's official account chimed in, noting it's time to "ship" those apps.

This event underscores how DAOs like Island DAO are pushing the boundaries of blockchain collaboration. For meme token enthusiasts, it's a chance to blend tropical vibes with tech innovation, potentially launching the next big thing on Solana. Stay tuned to Meme Insider for more updates on how this unfolds and its impact on the meme token landscape.