Bybit and DMCC launch $100k hackathon to gasoline Web3 innovation in Dubai

• Bybit and DMCC have unveiled a $100,000 “Web3 Unleashed” hackathon.
• The hackathon focuses on AI, gaming, and blockchain safety.
• The partnership goals to spice up crypto adoption in Dubai and contains Bybit’s AED 500,000 funding in 15 DMCC crypto startups.

In a transfer set to ignite Dubai’s crypto panorama, world crypto change Bybit and the Dubai Multi Commodity Centre (DMCC) have joined forces to launch the “Web3 Unleashed: Crypto Innovation Problem” hackathon.

This thrilling hackathon boasts a considerable $100,000 prize pool and comes as a part of their ongoing partnership to speed up crypto adoption in Dubai.

Fostering Web3 innovation in Dubai

Bybit, which entered Dubai in 2022, and DMCC have been making waves since forming a strategic partnership in June 2023. Bybit’s dedication to the trigger is obvious by way of its contribution of AED 500,000 to fifteen crypto startups throughout the DMCC crypto ecosystem.

Their collaboration symbolizes a milestone as Bybit takes its place because the official Ecosystem Associate for the DMCC Crypto Centre, a vibrant hub for crypto and Web3 companies to thrive and innovate.

The Web3 Unleashed: Crypto Innovation Problem hackathon

Scheduled for November 22, 2023, the “Web3 Unleashed: Crypto Innovation Problem” is ready to change into the biggest of its type within the MENA area.

With a laser give attention to synthetic intelligence, gaming, and blockchain safety, the hackathon goals to encourage and empower the following era of crypto innovators.

Registration for the occasion was open from September 26 to October 26, 2023, welcoming tasks from numerous domains, together with Blockchain Infrastructure, AI, DeFi, NFTs, Metaverse, Crypto Gaming, Sustainable Blockchain Options, and extra.

Ben Zhou, co-founder and CEO of Bybit, emphasised the importance of the hackathon in Dubai’s evolving crypto panorama, dubbing Bybit the “Crypto Ark” able to help DMCC Crypto Centre members in realizing their desires. This initiative isn’t just about monetary help; it goes past providing mentorship and fostering an environment for younger expertise to flourish.