The hackathon ended on a excessive word with over 250 individuals in 100+ groups
constructing 86 initiatives; over $60,000 in bounties have been distributed to the highest initiatives.
Bangalore, August 28, 2022: CoinDCX, India’s main and most dear crypto firm,
organized a Hackathon themed ‘innovation and technological neutrality in Web3’ as part of
its three-day-long Unfold 2022 occasion, held from August 26 -28, 2022. The hackathon noticed 250
Web3 builders as individuals in 100+ groups, 86 venture submissions, and over $60,000 in
bounties distributed to the winners sponsored by 13 main international Web3 corporations, making it
one of many greatest within the historical past of Web3 hackathons.
Created in partnership with hackathon skilled Devfolio, it introduced collectively the complete Web3
ecosystem comprising one of the best builders, business consultants, advisors, mentors, and firms,
permitting attendees to entry top-tier mentors and thought leaders. Registrations for the
hackathon commenced earlier this month, aiming to carry one of the best builders with real-world
options to Web3 use circumstances. Over 5000 purposes have been acquired from throughout India.
Commenting on this, Vivek Gupta, Vice President Product Engineering, CoinDCX, mentioned, “We are
honored and thrilled to have such an incredible response from the Web3 developers
community. This showcases that Indian builders and developers are set to embrace the
transition to a decentralized future. The same resonates with CoinDCX’s belief that India is well
on track to position itself as a global Web3 leader.”
The individuals got the selection of engaged on a number of chains and protocols, and matters
for the challenges included DAO Tooling, P2P funds apps, Refi (Regenerative Finance), use
circumstances for NFTs in Dapps, Router Protocol App, and many others, from 13 completely different sponsors. Apart from
CoinDCX, the sponsors represented among the main Web3 corporations and startups like
Polygon, Solana, NEAR, Router Protocol, Filecoin/IPFS, Tezos, Alchemy, Covalent, Arcana,
Unstoppable Domains, Spheron, EPNS, and Gitopia. The hackathon was unfold over 48 hours.
Vivek Gupta additional added, “CoinDCX is committed to strengthening India’s Web3 ecosystem to
realize its full potential, and the same can be accomplished by nurturing and accelerating the
potential of decentralized technology. Our hackathon was unique as it allowed multi-chain
multi-wallet designs enabling the industry to innovate more use-cases. On behalf of CoinDCX, I
want to congratulate the winners and thank all developers, builders, and web enthusiasts who
responded to our call. We are grateful to the industry leaders and our partners, Polygon,
Solana, NEAR protocol, Covalent, Alchemy and many others, who joined us in this initiative. This
is truly a good beginning.”
On the massive success of the Unfold 2022 Hackathon, Denver, COO, Devfolio, mentioned, “We’re glad
to have partnered with CoinDCX to arrange India’s largest multi-chain IRL hackathon at Unfold
- The drive and new power within the builders, all through the 48 hours, was inspiring. The
hackathon ended on a excessive word. We are wanting ahead to seeing these initiatives develop into
full-blown Web3 merchandise”.
Here are the winners of the Unfold 2022 hackathon:
1st place – Cupcake, received $3500
Cupcake helps bundle txs on Polygon and relays them to Optimism.
2nd place – zkLoans, received $1500
It is feasible to show your creditworthiness, with out really revealing your credit score rating —
powered by zk-SNARKs on NEAR
third place – Nonagon, received $1000
Nonagon analyses on-chain knowledge by creating relations throughout Dapps and chains to create
insights for customers, builders and buyers.
UNFOLD 2022, an annual occasion within the Web3 house, is yet one more initiative towards CoinDCX’s
dedication to realizing the imaginative and prescient of constructing India’s crypto/web3 ecosystem. This occasion will
act as a guiding path into the way forward for the web and can pave the way in which for India to grow to be a
international chief in Web3.
