Bybit & DMCC launch Web3 Hackathon for crypto startups

By Arya M Nair, Official Reporter
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Bybit & DMCC Web3 Hackathon

Global crypto exchange Bybit and the Dubai Multi Commodity Centre (DMCC) have launched the “Web3 Unleashed: Crypto Innovation Challenge” hackathon, boasting a $100,000 prize pool.

The hackathon comes hot on the heels of a partnership that has already seen Bybit contribute $1,36,128 to 15 crypto startups in the DMCC crypto ecosystem.

Bybit’s own thought leaders Mr. Bryan Aaron and Mr. Daniel Basharimov will help adjudicate the competition, which is scheduled for Nov. 22, 2023 and focused on artificial intelligence, gaming, and blockchain security. The hackathon is set to become the largest-of-its-kind in MENA, in terms of prize pools and participation.

Ben Zhou_Bybit & DMCC Web3 Hackathon
Ben Zhou
Co-founder & CEO

“In Dubai’s ever-evolving crypto landscape, Bybit stands out as the ‘Crypto Ark,’ ready to assist DMCC Crypto Centre members’ companies in bringing their dreams to life. This hackathon is just one of many projects we are collaborating with DMCC, and is so important as it provides a supportive atmosphere for young talent to emerge and grow.”

Bybit and DMCC partnership joined forces in June 2023, creating a strategic bond destined to accelerate the mass adoption of crypto in the heart of Dubai. Bybit is pushing the adoption of crypto worldwide, bringing its 16 million users on a journey to financial freedom and it has vowed to invest in its growth within the emirate.

Their collaboration was symbolized as Bybit became an official Ecosystem Partner for the DMCC Crypto Centre, a place where crypto and Web3 businesses thrive, creating a charged atmosphere for innovation. Going beyond financial support, Bybit is also DMCC’s crypto listing partner, assisting startups to bootstrap growth and offering mentorship.

Registration for the hackathon is from Sept. 26, 2023 — Oct. 26, 2023 and the event is scheduled for Nov. 22. All projects are welcome — Blockchain Infrastructure, Artificial Intelligence (AI), DeFi, NFTs, Metaverse, Crypto Gaming, Sustainable Blockchain Solutions, and more.

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