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 industry leaders Web3 DWF Labs, FactBlock, and Certik. The event aims to connect developers, entrepreneurs, venture capitalists, and business leaders from around the world in an effort to drive innovation in the decentralized space.

Registration is now open for participants to apply.

The three-day event will take place on December 17-19 in Seoul, Republic of Korea, and will be the first Web3 and Hackathon event hosted by BNB Chain.

A Web3 meeting will prevent the hackathon with a networking event on December 16, involving teams from top Web3 companies such as Chainlink, Encoding Labs, Playone Games, Samsung Blockchain Wallet, 1inch, and Sandbox Network. DAO states, Klaytn, Cosmostation, Nexon, and A&T Capital will also be at the event to interact with the hackers.

“Blockchain gaming and NFTs will be important components of Web3, and South Korea has seen remarkable growth in both fields. In the context of web3, Korea is at the forefront of global gaming, metaverse, cultural, and music dominance.said Stephen Milton, BNB Chain’s chief marketing officer. “The hackathon will help us build the developer base by using BNB Chain’s scalable and reliable blockchain infrastructure. Looking at the incredible talent of Web3 developers, we are committed to providing constant support to local developers in South Korea.”

Participating teams can have a maximum of five hackers competing for three prizes; winners will be announced on December 19 at Demo Day, followed by an investment round. Winners will receive $5,000 for first place, $3,000 for second place, and $2,000 for third place, plus BNB Chain loot and continued access to BNB Chain’s development and funding programs. Winners will also have the opportunity to pitch their proposals to top-tier venture capitalists in South Korea in an investment round with participation from DWF Labs, Binance Labs, Hashed, Samsung Next, Blocore, Vestigium, and ROK Capital.

Teams could compete in multiple sponsorship categories, including designing a Soulbound token SDK, creating scalable dApps for the gaming and lifestyle industry, and developing DeFi for institutions.

Projects will be evaluated based on technology, design, impact and presentation. Participants can also use pre-developed strategies and work on full ideas, as long as they are strong enough for the target market and take an innovative angle by incorporating additional functionality into ongoing projects. In such situations, the winners will be determined by the value of the new features or functionality introduced during the hackathon.

Funding programs such as the BNB Chain Builder Grant and the BNB Chain MVB Program will also be featured during the event, showcasing BNB Chain’s continued commitment to supporting and growing the decentralized ecosystem.

In 2022, BNB Chain dApps attracted over a million unique web3 wallets daily despite the market downturn. the network too outperformed ethereum with more than 230 million in the number of unique addressesbecoming more decentralized and open source than ever, while improving scalability and reducing costs for Web3 projects.

This article is a press release.

What is BNB chain?

Formerly known as Binance Smart Chain (BSC), BNB Chain is a censorship-resistant, decentralized, community-driven blockchain powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, supporting EVM and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about the BNB chain here:

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