Bybit’s Web3 Unleashed Hackathon Concludes with Five Global Winners

• After 90 teams from six innovation tracks competed globally, the event acknowledged five projects with a total prize pool of USD 140,000.
• Five teams were chosen for top honors on the basis of their technical proficiency, innovation, and potential influence.

The Web3 Unleashed #3 Hackathon, which was organized in collaboration with DMCC, has come to an end, according to Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. After 90 teams from six innovation tracks competed globally, the event acknowledged five projects with a total prize pool of USD 140,000.

Under the theme “Shaping the next wave of Web3: driving the future of decentralisation,” the hackathon, which was held at S/O Uptown Dubai, brought together international developers, founders, and investors. This year’s edition broadened its focus by adding two new categories, DeFAI and DeSci, to the already-existing tracks in DeFi, Web3 Gaming, SocialFi, Infrastructure, and Tokenization. The more diverse and technologically advanced solutions that are developing across the decentralized technology landscape were represented in the larger framework.

A panel of venture capitalists and industry experts heard the ideas from ten finalist teams. Five teams were chosen for top honors on the basis of their technical proficiency, innovation, and potential influence.

The winners were:

• Yumi Finance
• Glint Analytics
• Sorachain AI
• Aurayale
• Spout Finance

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said:

Partners such as DWF Labs, TOP Ventures, CROSS, Verse8, The Open Platform, CV Labs, Hacken, Cointelegraph, Blockchain for Good Alliance (BGA), and Blockchain Gaming Alliance provided support for the hackathon. Throughout the tournament, partners provided exposure, resources, and mentoring.

With a significant emphasis on solutions solving real-world difficulties, the judging criteria included innovation, technical execution, practicality, impact, commercial potential, presentation quality, and team experience. The Web3 Unleashed series, according to the organizers, continues to highlight new developments in the blockchain industry and supports Dubai’s expanding status as a hub for Web3 development.