The latest MENA Web3 hackathon, Web3 Unleashed hosted by cryptocurrency exchange, Bybit in partnership with DMCC (Dubai Multi Commodities Centre) Crypto Centre, has concluded, celebrating the transformative power of blockchain technology.
Blockchain technology can be used across various industries and looking to prove just this, 15 project teams presented their ideas to a panel of Web3 experts and prominent figures from the crypto industry. Presented in front of a live audience and over 30,000 people tuning in online, five standout projects at Web3 Unleashed included:
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 earn rewards. (South Korea, Singapore)
Mavryk Network
Mavryk Network is a Layer 1 blockchain designed to revolutionise asset ownership and asset tokenisation. By leveraging RWA tokenisation, DeFi applications, and robust infrastructure, Mavryk aims to transform how individuals interact with and leverage tokenised assets. (Dubai, Gibraltar, Singapore, Paris, Kiev)
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 democratise 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)
The potential of Web3 and blockchain
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.
“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 15 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 epicentre of change, right here in Dubai,” said Helen Liu, chief operating officer, Bybit.
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. It showed off groundbreaking solutions in tokenisation, AI, Web3 infrastructure, zero-knowledge protocols, digital identity and DePIN.”
Congratulations winners!
The five winning project teams will share a prize pool of over 160,000 USDT. This will be used to propel their next entrepreneurial ventures at the heart of MENA.
The second edition of Web3 Unleashed was made possible by contributions from official sponsors:
- DWF Labs
- Meezan Ventures
- Injective
- 1inch
- CVVC
- Blockchain for Good Alliance
- Hacker
It also received support from community and media partners:
- Superteam UAE
- Web3 TV
- College DAO
- Hackquest
- BeWater
- Bloc Soc IITD
- KEY Difference
- Cointelegraph
