Dubai, United Arab Emirates, November 25th, 2024,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, in collaboration with DMCC (Dubai Multi
Commodities Centre) Crypto Centre, successfully concluded MENA’s
flagship Web3 hackathon on Nov. 20 in Dubai. Fifteen project teams
presented their groundbreaking ideas to a panel of Web3 experts and
prominent figures from the crypto industry, captivating both a live
audience and over 30,000 livestream viewers.
The grand finale of Web3 Unleashed this
year featured a full day of events and an afterparty, including a
thought-provoking panel discussion on the future of Web3 technology
and its applications. The event highlighted the transformative
power of blockchain technology and its potential to revolutionize
various industries.
“As an Ecosystem and Advisory Partner of DMCC, I thank
DMCC and all of our partners for embarking on this journey with
Bybit in advancing blockchain technology as a force for good. We
were able to hear compelling stories and witness the contestants
radiate their hope for the future on stage. I have no doubt all
fifteen teams will go on to shape the world in big and small ways
with their expertise and imagination, and we are privileged to be
at the epicenter of change, right here in Dubai,” said
Helen Liu, Chief Operating Officer of
Bybit.
The hackathon underscores the BUIDL
ethos of the crypto community and Bybit’s commitment to amplifying
the potential of blockchain technology in everyday life. With
innovation and inclusivity in its DNA, the crypto industry is fast
emerging as a vital source of future solutions for societal and
economic challenges. Through the strategic partnership with DMCC
and other philanthropic and research initiatives, Bybit has
prioritized programs and contributions with potential for
future-forward solutions.
Now in its second year, Web3 Unleashed
has solidified its reputation as the region’s premier Web3
hackathon. Focused on solving real-world problems through emerging
technologies, Bybit and DMCC, alongside a diverse network of
partners, identified five groundbreaking projects from all corners
of the world:
- KelpMe – KELP (Key-Loss Protection) is a blockchain-based
solution designed to address the loss of private keys and
misdirected transactions, offering a fully reactive recovery
mechanism to recover assets even after key loss, without needing
preemptive backup measures. (USA, UAE,
Greece)
- Trepa – Powered by TON, Trepa is a Telegram-based app that lets
users predict majority opinions on any topic through easy
prediction pools, stake tokens, align with the consensus, and
potentially earn rewards. (South Korea,
Singapore)
- Mavryk Network – Mavryk Network is a Layer 1 blockchain
designed to revolutionize asset ownership and asset tokenization.
By leveraging RWA tokenization, DeFi applications, and robust
infrastructure, Mavryk aims to transform how individuals interact
with and leverage tokenized assets. (Dubai, Gibraltar,
Singapore, Paris, Kiev, Tel Aviv)
- Hive – Hive is building a solution for the computer sharing
economy with every home's GPU. By empowering individuals to share
their hardware resources, Hive can democratize access to
technology, putting the power back into the hands of everyday
people. (Abu Dhabi, Belgium)
- Poppin – Poppin is a browser extension that turns any webpage
into a social hub, allowing users to connect and interact with
others on the same webpage through comments, real-time chats, and
voice streams. (Turkey)
Ahmed Bin Sulayem, Executive Chairman and CEO
of DMCC delivered a keynote address at the Pitch Day
event. “The DMCC-Bybit Hackathon continues to position Dubai at the
forefront of Web3 innovation with groundbreaking solutions in
tokenisation, AI, Web3 infrastructure, zero-knowledge protocols,
digital identity and DePIN. The event attracted top talent to
Dubai, fostering practical applications and impactful innovation.
This is another example of the DMCC Crypto Centre’s role, supported
by Bybit and ecosystem partners, in showcasing Dubai’s Web3
potential for the industry,” he said.
The five winning project teams will
share a prize pool of over 160,000 USDT to propel their next
entrepreneurial ventures at the heart of MENA. In addition, the
teams have gained invaluable exposure in the emerging crypto
capital of the world and opportunities to exchange insights with
leading voices in the industry.
Web3 Unleashed #2 was made possible by
the generous contributions from Official Sponsors DWF Labs, Meezan
Ventures, Injective, 1inch, CVVC, Blockchain for Good Alliance and
Hacken, as well as the support from Community and Media Partners
Superteam UAE, Web3 TV, College DAO, Hackquest, BeWater, Bloc Soc
IITD, KEY Difference and Cointelegraph.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest
cryptocurrency exchange by trading volume, serving over 50 million
users. Established in 2018, Bybit provides a professional platform
where crypto investors and traders can find an ultra-fast matching
engine, 24/7 customer service, and multilingual community support.
Bybit is a proud partner of Formula One’s reigning Constructors’
and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com