The hackathon ended on a high note with over 250 participants in 100+ teams building 86 projects; over $60,000 in bounties were distributed to the top projects.
CoinDCX, India’s leading and most valuable crypto company, organized a Hackathon themed ‘innovation and technological neutrality in Web3’ as a part of its three-day-long Unfold 2022 event, held from August 26 -28, 2022. The hackathon saw 250 Web3 developers as participants in 100+ teams, 86 project submissions, and over $60,000 in bounties distributed to the winners sponsored by 13 leading global Web3 companies, making it one of the biggest in the history of Web3 hackathons.
Created in partnership with hackathon expert Devfolio, it brought together the entire Web3 ecosystem comprising the best developers, industry experts, advisors, mentors, and companies, allowing attendees to access top-tier mentors and thought leaders. Registrations for the hackathon commenced earlier this month, aiming to bring the best developers with real-world solutions to Web3 use cases. Over 5000 applications were received from across India.
Commenting on this, Vivek Gupta, Vice President Product Engineering, CoinDCX, said, “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 participants were given the choice of working on multiple chains and protocols, and topics for the challenges included DAO Tooling, P2P payments apps, Refi (Regenerative Finance), use cases for NFTs in Dapps, Router Protocol App, etc, from 13 different sponsors. Apart from CoinDCX, the sponsors represented some of the leading Web3 companies and startups like Polygon, Solana, NEAR, Router Protocol, Filecoin/IPFS, Tezos, Alchemy, Covalent, Arcana, Unstoppable Domains, Spheron, EPNS, and Gitopia. The hackathon was spread over 48 hours.
Vivek Gupta further 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 huge success of the Unfold 2022 Hackathon, Denver, COO, Devfolio, said, “We’re glad to have partnered with CoinDCX to organize India’s largest multi-chain IRL hackathon at Unfold 2022. The drive and new energy in the builders, throughout the 48 hours, was inspiring. The hackathon ended on a high note. We are looking forward to seeing these projects grow into full-blown Web3 products”.
Here are the winners of the Unfold 2022 hackathon:
1st place – Cupcake, won $3500
Cupcake helps bundle txs on Polygon and relays them to Optimism.
2nd place – zkLoans, won $1500
It is possible to prove your creditworthiness, without actually revealing your credit score — powered by zk-SNARKs on NEAR
3rd place – Nonagon, won $1000
Nonagon analyses on-chain data by creating relations across Dapps and chains to create insights for users, developers and investors.
UNFOLD 2022, an annual event in the Web3 space, is yet another initiative toward CoinDCX’s commitment to realizing the vision of building India’s crypto/web3 ecosystem. This event will act as a guiding path into the future of the internet and will pave the way for India to become a global leader in Web3.
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