Bybit, the second-largest cryptocurrency exchange globally by trading volume, joined forces with the Dubai Multi Commodities Centre (DMCC) Crypto Centre to host MENA’s flagship Web3 hackathon, “Web3 Unleashed.” The event, held on November 20 in Dubai, celebrated the potential of blockchain technology to transform industries and crowned five standout blockchain projects from across the region.
Fifteen project teams presented innovative ideas to a panel of Web3 experts and leading figures in the crypto industry. Their efforts captivated a live audience and over 30,000 online viewers who tuned in via livestream to witness the groundbreaking event.
Showcasing Innovation in Web3
The hackathon’s grand finale was an all-day affair, complete with a post-event celebration and a panel discussion on the future of Web3 technology. Experts explored the practical applications of blockchain and its potential to address societal and economic challenges.
“As an ecosystem and advisory partner of DMCC, I thank DMCC and all of our partners for embarking on this journey with Bybit in advancing blockchain technology as a force for good,” said Helen Liu, Chief Operating Officer of Bybit.
Liu expressed her admiration for the participating teams, saying, “We were able to hear compelling stories and witness the contestants radiate their hope for the future on stage. I have no doubt all fifteen 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 epicenter of change, right here in Dubai.”
Empowering Blockchain’s Transformative Potential
The hackathon reinforced the crypto industry’s “BUIDL” ethos—a play on the word “build,” symbolizing active creation and development in the blockchain space. Bybit’s commitment to fostering innovation and inclusivity stood out as a cornerstone of the event.
With blockchain gaining traction as a transformative force, the hackathon showcased its potential to revolutionize various sectors, from finance to healthcare and beyond. Bybit and DMCC’s collaboration demonstrated the importance of nurturing talent and ideas that could lead to practical, real-world applications.
A Vision for the Future
The success of Web3 Unleashed highlights Dubai’s emergence as a global hub for blockchain innovation. Events like these underline the region’s commitment to fostering technological advancements that can address critical challenges. As the blockchain landscape evolves, initiatives like this hackathon pave the way for solutions that could reshape industries and empower communities worldwide.
