Bybit, the world’s second-largest cryptocurrency exchanges by trading volume, has concluded the third edition of its Web3 Unleashed Hackathon, held in partnership with the Dubai Multi Commodities Centre (DMCC).
The competition recognized five standout projects from 90 global teams, awarding a total of $140,000 in prizes.
Shaping the next wave of Web3
Hosted at S/O Uptown Dubai under the theme “Shaping the next wave of Web3: driving the future of decentralisation,” the event brought together developers, founders, and investors from around the world.
This year’s hackathon featured six innovation tracks: DeFi, Web3 Gaming, SocialFi, Infrastructure, Tokenisation, and two new categories, DeFAI and DeSci.
Judging criteria focused on creativity, technical execution, practicality, business potential, impact, and team experience, with a strong emphasis on real-world applications.
Ten finalists presented their projects to a panel of industry experts and venture investors with the following teams named winners: Yumi Finance, Glint Analytics, Sorachain AI, Aurayale, and Spout Finance.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said:
UAE’s growing Web3 ecosystem
According to organizers, the Web3 Unleashed series has become a consistent showcase of new blockchain innovation, further strengthening Dubai’s position as a rising Web3 powerhouse.
Helen Liu, Co-CEO of Bybit, commented on the series:
The hackathon was supported by partners including DWF Labs, TOP Ventures, CROSS, Verse8, The Open Platform, CV Labs, Hacken, Cointelegraph, Blockchain for Good Alliance (BGA), and the Blockchain Gaming Alliance. Partners contributed mentorship, resources, and visibility throughout the event.
Featured image via Shutterstock.
Source: https://finbold.com/bybit-and-dmcc-award-140000-to-winners-of-web3-unleashed-hackathon/
