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 USDThe 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

Bybit’s Web3 Unleashed Hackathon Concludes with Five Global Winners

2025/11/27 23:00
  • 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:

  • Yumi Finance
  • Glint Analytics
  • Sorachain AI
  • Aurayale
  • Spout Finance

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said:

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.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Vitalik Buterin Proposes Ethereum Gas Futures Market for Long-Term Fee Predictability

Vitalik Buterin Proposes Ethereum Gas Futures Market for Long-Term Fee Predictability

The post Vitalik Buterin Proposes Ethereum Gas Futures Market for Long-Term Fee Predictability appeared on BitcoinEthereumNews.com. Vitalik Buterin proposes an on-chain futures market for Ethereum gas, allowing users to pre-buy and lock in fees before potential price surges. This mechanism would provide long-term predictability for BASEFEE, helping developers and businesses plan transactions amid network volatility. Buterin’s vision introduces futures trading for gas, securing costs in advance for future Ethereum transactions. This system generates market-driven signals for BASEFEE evolution, reducing uncertainty in fee planning. Early projects like Oiler have tested gas derivatives, but a mature market is needed; Ethereum’s BASEFEE has fluctuated up to 200% in past cycles, per network data. Ethereum gas futures: Vitalik Buterin’s plan to pre-buy fees and stabilize costs. Discover how this on-chain market could transform transaction predictability—explore Ethereum’s future now! What is Vitalik Buterin’s Proposal for Pre-Buying Ethereum Gas? Vitalik Buterin, Ethereum’s co-founder, is advocating for an on-chain futures market that enables users to pre-buy gas at fixed prices, addressing the network’s long-standing issue of unpredictable transaction fees. This approach shifts focus from immediate cost reductions to long-term fee stability, allowing individuals and organizations to hedge against future spikes in BASEFEE. By creating a dedicated trading platform within Ethereum, Buterin aims to make gas pricing more transparent and manageable, fostering greater confidence in the ecosystem’s economic model. How Would an Ethereum Gas Futures Market Function? Ethereum’s current gas fee system relies on dynamic pricing through the EIP-1559 mechanism, where BASEFEE adjusts based on network congestion, often leading to volatility that can surge by over 150% during peak periods, as observed in historical data from the Ethereum Foundation’s reports. Buterin’s proposed futures market would operate as a decentralized exchange for gas contracts, where traders buy and sell claims to future gas units at agreed-upon prices. This market-driven mechanism would aggregate collective expectations, providing real-time signals on anticipated BASEFEE trends—such as potential increases tied…
Share
BitcoinEthereumNews2025/12/07 18:31
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21