The winners will have the chance to pitch to top tier VCs in South Korea in an investment round.
BNB Chain Web3 Hackathon in Korea
BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, has announced the launch of its flagship in-person Innovation Hackathon in partnership with Web3 industry leaders.
The aim of the event is to connect developers, entrepreneurs, VCs, and business leaders from all over the globe in an effort to boost innovation.
The participants can register to apply.
The first Web3 and Hackathon event held by BNB Chain will take place in the Republic of Korea from December 17-19.
There will be a networking event on December 16th where teams from major Web3 companies will be.
A&T Capital will be at the event to interact with the hackers.
“Blockchain games and NFTs will be critical components of Web3, and South Korea has seen remarkable development in the two fields. In the context of web3, Korea is at the forefront of overall gaming, metaverse, social, and music strength,” said Stephen Milton, Head of Marketing at BNB Chain. “The hackathon will help us in building the engineer foundation by utilizing BNB Chain’s adaptable and dependable blockchain framework. Taking a gander at the astounding Web3 dev ability, we are resolved to give consistent nearby designer support in South Korea.”
Participating teams can have a limit of five hackers vieing for three awards; the victors will be declared on December 19 at the Demo Day, trailed by a speculation round. Winners will get $5000 for the lead position, $3000 for second spot, and $2000 for third spot, in addition to BNB Chain loot and continued admittance to the BNB Chain designer and financing programs. Champs will likewise get the opportunity to contribute to top-level VCs South Korea in a investment round with participation from DWF Labs, Binance Labs, Hashed, Samsung Next, Blocore, Vestigium, and ROK Capital.
Groups could contend in various sponsor classes, including planning a Soulbound Token SDK, making versatile dApps for the way of life and gaming industry, and creating DeFi for institutions.
Activities will be assessed in light of innovation, plan, effect, and presentation. Participants are likewise allowed to use pre-created strategies and work on finished thoughts, inasmuch as they are vigorous enough for the objective market and have an inventive point by integrating additional functionality into ongoing tasks. In such situations, champs not set in stone by the worth of any new highlights or functionalities presented during the hackathon.
During the event, subsidizing projects, for example, the BNB Chain Builder Grant and BNB Chain MVB Program will likewise be presented, displaying BNB Chain’s ongoing obligation to supporting and developing the decentralized ecosystem.
In 2022, BNB Chain dApps have drawn in north of a million everyday remarkable web3 wallets in spite of a market slump. The network additionally outperformed Ethereum with north of 230 million in the quantity of remarkable addresses, turning out to be more decentralized and open source than any other time in recent memory while further developing versatility and bringing down costs for Web3 projects.
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