Key Takeaways
- Bybit and DMCC collaborate on a hackathon in Dubai, offering a $100,000 prize pool across various crypto-related categories.
- Bybit and DMCC’s strategic alliance aims to boost cryptocurrency adoption in Dubai, with Bybit as the official Ecosystem Partner for the DMCC Crypto Centre.
- Users can register for the hackathon from September 26 to October 26, 2023, and the event is scheduled for November 22.
Dubai, the center of crypto innovation, has been a pivotal player in the Fin-Tech landscape. Today, Bybit and Dubai Multi Commodity Centre (DMCC) announced the formation of “Web3 Unleashed: Crypto Innovation Challenge” hackathon that will boast a $100,000 prize pool. This hackathon is coming hot on heels of a partnership that was recently announced between the two platforms. So, what do you need to know about this event? Let’s find out!
The Hackathon
The hackathon will include various areas including, Blockchain Infrastructure, Artificial Intelligence (AI), DeFi, NFTs, Metaverse, Crypto Gaming, Sustainable Blockchain Solutions, and more. Users can sign up for the hackathon from September 26 to October 26, 2023, and the event is set to take place on November 22.
The Partnership
In June 2023, Bybit and DMCC formed a strategic alliance with the aim of accelerating the widespread acceptance of cryptocurrency in Dubai. Bybit, committed to global crypto adoption with its 16 million users, is investing in its expansion within the emirate.
This partnership was underscored by Bybit’s designation as an official Ecosystem Partner for the DMCC Crypto Centre, a hub where crypto and Web3 enterprises flourish, fostering an environment ripe for innovation. Beyond financial backing, Bybit also serves as DMCC’s partner for cryptocurrency listings, aiding startups in kickstarting their growth journey and providing mentorship.
Now as the developments continue in the crypto space, it will be an interesting sight to see how Dubai will be at the center of innovation, yet again. Let’s see what users have to say following this event.
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