DWF Labs Partners with DMCC and Bybit for Web3 Unleashed Hackathon

DWF Labs joins forces to drive Web3 innovation

DWF Labs is the new generation web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. And they have been confirmed as an official partner for the DMCC x Bybit Web3 Unleashed Hackathon. The event, which encourages technological solutions for real-world problems, will see DWF Labs provide funding and growth services to the winning teams. Participants will compete for a total prize pool of $100,000, supported by a range of blockchain services.

Open to Web3 developers, tech innovators, and investors, the hackathon, themed “Innovating for a Better Tomorrow,” is currently accepting applications. Teams and individual developers have until October 5 to submit their projects, with the top 10 finalists selected to present their solutions in Dubai.

“Imagination is crucial in the Web3 space, and we look forward to big ideas coming out of this year’s Bybit-DMCC Hackathon. Bybit and DMCC are renewing our young traditions of uplifting creative minds and entrepreneurship. Bybit is headquartered in Dubai and it is truly an honor for us to support the brilliant talent coming out of MENA here at home.”—Helen liu, Chief Officer at Bybit

The finalists will pitch their projects live at a prestigious event on November 20 at Uptown Tower in Dubai. In addition to the prize money, finalists will gain valuable exposure and have the opportunity to network with prominent industry figures. Judges will include representatives from DWF Labs, Bybit, and other industry leaders like Hacken, Injective, and Cointelegraph.

Opportunities for Web3 innovators

Projects entering the hackathon are expected to focus on key Web3 areas, including AI integration, decentralized infrastructure, zero-knowledge proofs, digital identity, and Decentralized Physical Infrastructure Networks (DePIN). In addition to the monetary prizes, winners will receive blockchain services that could accelerate their project’s development.

As a major sponsor, DWF Labs aims to foster the growth of new Web3 startups. The company has a history of supporting early-stage projects through sponsorships and funding, and it operates several programs designed to help founders turn innovative ideas into reality. These initiatives include the $20 million Cloudbreak Fund, which supports Chinese Web3 projects.

The bottom line

The Web3 Unleashed Hackathon is a platform for developers and innovators to present pioneering solutions in the rapidly evolving Web3 space. With DWF Labs contributing both financial backing and strategic resources, the event will showcase cutting-edge innovations that could shape the future of decentralized technologies.