Dubai’s DMCC Crypto Centre and Bybit crypto exchange recently concluded their second Web3 Unleashed hackathon, awarding $160,000 to five winning projects. This event highlights Dubai’s commitment to becoming a global hub for Web3 development.
The hackathon showcased innovative solutions in diverse areas like AI, DePIN, and zero-knowledge protocols. A panel of industry experts judged projects based on their business potential, creativity, and impact.
Winning Projects
- KelpMe: Offers a key-loss protection mechanism for recovering lost private keys, enhancing user security in the crypto space.
- Trepa: A Telegram-based prediction market on the TON blockchain, enabling users to predict outcomes and earn rewards.
- Mavryk Network: A blockchain platform improving access to real-world assets (RWAs).
- Hive: A decentralized computing network utilizing users’ GPUs, challenging Big Tech dominance.
- Poppin: A browser extension facilitating real-time interaction between users on the same webpage.
Dubai’s Web3 Vision
The hackathon, supported by major players like DWF Labs and Cointelegraph, provided valuable exposure for these projects. DMCC CEO Ahmed Bin Sulayem emphasized Dubai’s commitment to Web3 innovation, stating that the hackathon demonstrates why the city remains at the forefront of this technology.
The event fostered collaboration and networking among participants, investors, and industry leaders. Web3 Unleashed #2 successfully created a platform for developing solutions that can advance the Web3 space.
In conclusion, the DMCC and Bybit Web3 Unleashed hackathon showcased Dubai’s commitment to fostering Web3 innovation. The event successfully brought together talented developers, industry leaders, and investors, resulting in groundbreaking projects with real-world applications. With continued support and initiatives like this, Dubai is solidifying its position as a leading hub for the future of Web3 technology.
