Neo Partners With OKX To Launch APAC Hackathon

Key Points:

• Hong Kong-based blockchain platform Neo partners with OKX to launch a hackathon in Asia-Pacific region to showcase Web3 potential and nurture growth.
• $120k bounty and $1m post-hackathon funding available for innovative projects in Decentralized Finance and Payments, NFT and Games, AI, Social and DAO, Infrastructure and Tools, and Comprehensiveness categories.
• Live competitions in six cities and virtual meetings for inclusivity, with NEO tokens as rewards for winners.

Hong Kong-based blockchain platform Neo has announced its partnership with OKX, a leading cryptocurrency exchange, to launch an exciting new hackathon in the Asia-Pacific region.

The hackathon, scheduled to take place from July to October, aims to bridge the gap between the digital and physical worlds and promote the integration of Web3 technology.

The event will feature live competitions in six cities across Asia, allowing participants to engage in person. Additionally, virtual meetings will be organized to accommodate those who cannot attend physically, ensuring inclusivity and widespread participation. The Neo Foundation has allocated a generous bounty of $120,000 for the hackathon, with an additional $1 million in post-hackathon funding available.

Participants in the hackathon will have the opportunity to explore innovative projects in five distinct categories: Decentralized Finance and Payments, NFT and Games, AI, Social and DAO, Infrastructure and Tools, and Comprehensiveness. The winners will be announced during the final round in Hong Kong and will receive NEO tokens as their well-deserved reward.

Speaking at the launch event, Neo Founder Da Hongfei expressed his enthusiasm for the hackathon, stating, “We aim to attract and support the best Web3 talent and startups through this event, showcasing Neo’s capabilities to the wider development community. The prize and funding will provide much-needed capital for the winning projects, and we hope to provide a platform for exceptional Web3 talent in the Asia-Pacific region to showcase their achievements.”

The partnership between Neo and OKX is expected to create a synergistic effect, enhancing the influence of both organizations. As part of their collaboration, OKX will contribute to the hackathon through the use of non-fungible tokens (NFTs). This collaboration opens the door for the NFT teams to engage in technical exchanges with OKX’s Web3 team, fostering future collaborations and innovation.

Jason Lau, Chief Innovation Officer at OKX, emphasized the exchange’s commitment to driving industry infrastructure development and technological advancement. He stated, “This Neo hackathon provides OKX with an opportunity to encourage Web3 innovation and uncover the most promising projects in the Asia-Pacific region. We will continue to innovate and fund innovation, while building the future of Web3 with our innovative tools and resources.”

Team registration for the hackathon is open from July 5 to September 24, and project submissions will be accepted from July 22 to September 24. The announcement of the winning teams will take place following the conclusion of the hackathon. With Neo and OKX’s combined efforts, this hackathon aims to showcase the immense potential of Web3 technology and nurture the growth of the Asia-Pacific blockchain ecosystem.

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