Organized by the DMCC Crypto Centre and Bybit, the second iteration of the Web3 Unleashed hackathon will see 15 promising Web3 projects competing for a prize pool of $160,000.

Dubai has established itself as a global hotspot for Web3 and blockchain ecosystems. From its crypto-friendly regulations to dynamic events, the United Arab Emirates metropolis has secured a top position as a crypto hub city, with the Dubai Multi Commodities Centre (DMCC) leading the charge.

Known for its visionary initiatives, DMCC plays a vital role in turning Dubai into an attractive business hub through partnerships with global players. One such collaboration was the recent welcoming of Cointelegraph to establish its regional office at the DMCC Crypto Centre. 

DMCC also supports up-and-coming startups and projects by introducing them to global venture capitals through a series of events, such as the VC Startup Connect organized by Cointelegraph Accelerator.

VC StartUp Connect: Dubai edition brought together some of the brightest minds in the Web3 space.

UAE Crypto Lawyer Irina Heaver (@IrinaHeaver) led an engaging panel discussion with Belal Jassoma (@Bjassoma), Director of Ecosystems at DMCC, Dr. Marwan Alzarouni (@drmarwan),… pic.twitter.com/DNJejhRgnM

— DMCC Crypto Centre (@dmcccrypto) October 28, 2024

Web3 hackathon in Dubai

Building on this momentum, DMCC Crypto Centre has partnered with crypto exchange Bybit to host the second iteration of their hackathon. Titled Web3 Unleashed #2, the event is designed to spotlight promising projects in Web3 technology on Nov. 20. 

With a substantial prize pool of 160,000 USDT, the hackathon has attracted a wealth of creative talent, culminating in the selection of 15 outstanding finalists. Competing teams seek to bring forward innovative solutions to tackle real-world challenges through blockchain and Web3-based solutions.

The 15 finalists set to showcase their projects at Web3 Unleashed #2 include Philanthrify, PHRON AI, Amplifi, Helios Connect, Poppin, Safehouse DecentraSafe, Surfermonkey, Sendit and Redefined, as well as KelpMe, Mavryk Network, Crowdtransfer, Hive, Open Source Economy and Trepa. Each of these teams brings a unique vision to the competition, aiming to push the boundaries of what’s possible in the Web3 space.

15 finalists will present their innovative solutions in front of a distinguished panel of VCs, investors, advisors and fellow founders. Source: DMCC 

Web3 Unleashed #2 boasts an expert panel of judges from the global Web3 landscape, including Alessia Baumgartner of DWF Labs, Mathias Ruch of CV VC, Dyma Budorin of Hacken, Daniel Zou from the Blockchain for Good Alliance, Zaher El Orm from the DMCC Crypto Centre and Gerik Wang from Bybit. These experts will assess projects on creativity, technical execution, market potential and real-world impact. 

Networking afterparty

Following the pitching sessions, attendees and participants can connect at the event’s networking afterparty. This gathering will bring together investors, project founders and industry leaders in an informal setting, promoting an exchange of ideas and potential partnerships. For the participating teams, the event offers an ideal opportunity to gain visibility, establish connections with investors and take their ideas to the next level.

— DMCC Crypto Centre (@dmcccrypto) November 6, 2024

The Web3 Unleashed #2 hackathon showcases DMCC’s mission to elevate Dubai’s position as a global hub for Web3 innovation through key collaborations. By bringing together top talent, visionary investors and influential industry leaders, the event strengthens Dubai’s Web3 ecosystem through collaboration and opportunity. 

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