Web3 Hackathon Sparks Innovation, Multiple Potential Projects Stand Out

On December 22, 2024, a hackathon themed "Web3 Applications Within Regulatory Frameworks" successfully concluded. This event attracted outstanding developers from around the world to explore the future development direction of blockchain together.

During the three-day event, participating teams fiercely competed in five core areas: DeFi, RWA, INO, payment, and cultural heritage. These tracks reflect the current innovation hotspots and market demands in the blockchain industry.

In the DeFi space, the Likwid project focuses on improving liquidity management efficiency, while Stable Swap is dedicated to addressing slippage issues in stablecoin trading. These two projects demonstrate the trend in the DeFi sector shifting from technology-driven to user-friendly.

In the RWA track, Asteroidx has developed an on-chain asset management tool to increase transparency for traditional financial products. Bnb3, on the other hand, is exploring innovative methods to map physical assets onto the blockchain, facilitating the global circulation of assets.

Innovative projects in the INO field include Tiptag.social, which combines NFTs with social attributes, and HashKeyFun, which brings NFTs closer to users through entertainment experiences. These projects demonstrate that NFTs can serve not only as a store of value but also as a carrier for experiential innovation.

In the payment sector, PolyFlow has created a multichain-compatible payment system, while Trusta focuses on enhancing payment security. These two projects provide new ideas for the future development of blockchain payments.

The Fufuture and Rwalt projects in the cultural heritage track explore new ways to use blockchain technology to protect cultural heritage, endowing technology with deeper social value.

After intense competition, several outstanding projects were ultimately selected. Likwid and Stable Swap won first prize for their innovative solutions in the DeFi space. Asteroidx and Lego Perpetual Protocol won second prize for their innovations in asset management and derivatives markets, respectively. Bnb3 and Lightning Huskey received third prize for their exploration in the RWA field.

In addition, Tiptag.social and X-Wallet received the Innovation Award for their innovation and insights into user needs. PolyFlow and Trusta won the Special Award for their groundbreaking solutions in the payment sector. Fufuture and Rwalt received special awards for their innovations in cultural heritage.

This hackathon not only showcased the innovative capabilities of developers but also reflected the strong demand in the market for optimizing DeFi user experiences, managing RWA assets, and functionalizing NFTs. The successful hosting of the event has brought new possibilities to the blockchain industry and promoted the integration of technology with practical applications.

As blockchain technology continues to evolve, more innovative projects will emerge in the future, further propelling the industry forward. This hackathon event is not only a stage for technical competition but also an important platform for inspiring innovation and promoting industry progress.