Web3 Unleashed #2 Hackathon Crowns Five Innovative Winners in Dubai

The second edition of the Web3 Unleashed hackathon, organized by the Dubai Multi Commodities Centre (DMCC) and global crypto exchange Bybit, concluded with the announcement of five groundbreaking projects that took home a share of the $160,000 prize pool. Held in Dubai on November 20, 2024, the hackathon brought together top talent from around the world to tackle real-world challenges using Web3 technologies.

Dubai, known for its progressive approach to blockchain and crypto innovation, served as the perfect backdrop for the event, with its strategic policies and investments fostering a vibrant Web3 ecosystem. The city’s role as a global hub for tech innovation has attracted both industry leaders and creative minds, further cementing its status as a beacon for Web3 development.

Five Top Projects Stand Out

After intense competition, with 15 finalist teams vying for the top spots, five standout projects emerged victorious. These winners impressed a panel of industry experts, including Gerik Wang from Bybit, Mathias Ruch from CV VC, Dyma Budorin from Hacken, Daniel Zou from the Blockchain for Good Alliance, Zaher El Orm from the DMCC Crypto Centre, and Alessia Baumgartner from DWF Labs. The projects were judged based on their business potential, creativity, and real-world impact, showcasing the diverse applications of Web3 technology.

Here are the five projects that claimed the top positions:

KelpMe – A solution to alleviate the anxiety of lost wallet keys or transaction errors. KelpMe developed KELP (Key-Loss Protection), a system that helps users recover their assets in the event of losing access to private keys, offering an alternative to traditional backup measures.

Trepa – A Telegram-based app built on the TON blockchain, Trepa enables users to participate in blockchain-based prediction markets. Through prediction pools, stakers can forecast outcomes on various topics and earn rewards based on their accuracy.

Mavryk Network – This comprehensive blockchain solution enhances access to real-world assets (RWAs), aiming to bridge the gap between traditional financial assets and decentralized finance (DeFi).

Hive – A decentralized platform that allows users to contribute their GPU computing power to a shared network. Hive’s solution offers a countermeasure to the dominance of Big Tech in the computing services space, promoting a more distributed and equitable computing ecosystem.

Poppin – A browser extension designed to facilitate real-time interactions on webpages. Poppin enables users browsing the same page to engage in live chat and comments, creating a dynamic, interactive web experience.

Fostering Collaboration and Innovation in Dubai

The hackathon concluded with a vibrant afterparty, where participants, investors, and industry leaders had the opportunity to network and exchange ideas. This social gathering not only celebrated the success of the hackathon but also served as a platform for forging new partnerships that could shape the future of Web3 development.

Ahmed Bin Sulayem, CEO of DMCC, expressed his pride in the hackathon’s role in advancing Dubai’s Web3 landscape. He noted, “By pioneering new solutions in tokenization, artificial intelligence, and zero-knowledge protocols, the DMCC-Bybit hackathon continues to demonstrate why Dubai remains at the forefront of Web3 innovation.”

A Platform for the Future of Web3

Web3 Unleashed #2 has proven to be more than just a competition. It has established itself as a critical platform for fostering collaboration and innovation in the Web3 space. By bringing together talented developers and key industry players in one of the world’s most forward-thinking cities, the event provided an invaluable opportunity for projects to present solutions that could help take Web3 to the next level.

With Dubai continuing to nurture its role as a global tech hub, initiatives like Web3 Unleashed #2 underscore the city’s commitment to advancing cutting-edge technologies and solidifying its place at the helm of the Web3 revolution.