- 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:
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said:
“The continued success of Web3 Unleashed reflects how Dubai has evolved into a truly global hub for next-generation technologies. In just three years, this platform has grown from a regional initiative into an international benchmark for Web3 innovation – drawing participants, investors and partners from every corner of the world. Each edition builds on the last, and the introduction of DeFAI and DeSci this year demonstrates our commitment to staying ahead of technological change. Through initiatives like this, DMCC is helping define what the future of decentralised innovation looks like, ensuring that Dubai remains at the forefront of the digital economy and continues to empower those shaping it.”
“Our collaboration with DMCC continues to demonstrate how rapidly the Web3 ecosystem in the UAE is advancing. Each year, we see a notable rise in the technical depth and global calibre of the teams joining Web3 Unleashed,” said Helen Liu, Co-CEO of Bybit. “Bitcoin’s pullback from its historical high serves as an important reminder that this industry is built for the long term. Real progress in blockchain requires patience from founders and builders, especially during moments when the market tests conviction. Bybit remains committed to supporting innovators who focus on real utility and sustainable impact, and we are proud to help cultivate an environment where world-class talent can continue to grow in Dubai.”
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.
Source: https://thenewscrypto.com/bybits-web3-unleashed-hackathon-concludes-with-five-global-winners/