Originally published on: November 26, 2024
DMCC and Bybit recently wrapped up the Web3 Unleashed #2 hackathon with a bang, awarding a grand prize of $160,000 to five exceptional projects. Hackathons serve as breeding grounds for creativity and collaboration, and Dubai’s embrace of Web3 technology has turned it into a hotspot for groundbreaking innovations.
The bustling city played host to the second edition of the Web3 Unleashed hackathon on Nov. 20. With 15 finalists vying for the top spot, the competition was fierce as participants tackled real-world challenges with cutting-edge solutions.
Projects showcased during the hackathon spanned various fields, from artificial intelligence to Web3 infrastructure and zero-knowledge protocols. A distinguished panel of judges scrutinized each project, considering factors such as business potential, creativity, and real-world impact.
Among numerous entries, five projects managed to shine brightly, securing their place at the pinnacle of the hackathon. Partners like DWF Labs, Injective, 1inch, and CV VC lent their support to the event, amplifying the visibility of these innovative projects in the blockchain and Web3 space.
The hackathon’s success was not limited to the competition alone. An electrifying afterparty brought together participants, investors, and industry insiders, fostering an environment ripe for networking and partnership-building.
Ahmed Bin Sulayem, CEO of DMCC, commended the hackathon as a testament to Dubai’s commitment to fostering innovation. He emphasized the importance of pushing the boundaries of tokenization, artificial intelligence, and zero-knowledge protocols to solidify Dubai’s position as a hub for Web3 innovation.
Web3 Unleashed #2 set the stage for collaborative breakthroughs in the Web3 realm. By uniting creative minds with industry leaders in the vibrant city of Dubai, the hackathon catalyzed the development of solutions poised to elevate Web3 to new heights.
Disclaimer: This article is sponsored and does not constitute investment advice. Readers are encouraged to conduct their own research before engaging with any mentioned companies or products.