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 Web3 industry leaders DWF Labs, FactBlock, and Certik. The event aims to connect developers, entrepreneurs, VCs, and business leaders from all over the globe in an effort to boost innovation in the decentralized space.

Registrations are now open for the participants to apply.

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

A Web3 meetup will preclude the hackathon with a networking event on December 16th, where teams from major Web3 companies like Chainlink, Encoding Labs, Playone Games, Samsung Blockchain Wallet, 1inch, and Sandbox Network. States DAO, Klaytn, Cosmostation, Nexon, and A&T Capital will also be at the event to interact with the hackers.

“Blockchain games and NFTs will be significant components of Web3, and South Korea has seen remarkable growth in both fields. In the context of web3, Korea is at the forefront of worldwide gaming, metaverse, cultural, and music dominance,” said Stephen Milton, Head of Marketing at BNB Chain. “The hackathon will help us in building the developer foundation by using BNB Chain's scalable and reliable blockchain infrastructure. Looking at the amazing Web3 dev talent, we are committed to provide consistent local developer support in South Korea.”

Participating teams can have a maximum of five hackers competing for three prizes; the winners will be announced on December 19 at the Demo Day, followed by an investment round. Winners will receive $5000 for first place, $3000 for second place, and $2000 for third place, in addition to BNB Chain swag and continued access to the BNB Chain developer and funding programs. Winners will also have the chance to pitch to top-tier VCs 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 sponsor categories, including designing a Soulbound Token SDK, creating scalable dApps for the lifestyle and gaming industry, and developing DeFi for institutions.

Projects will be evaluated based on technology, design, impact, and presentation. Participants are also allowed to utilize pre-developed strategies and work on completed ideas, so long as they are robust enough for the target market and have an innovative angle by incorporating additional functionality into ongoing projects. In such situations, winners will be determined by the value of any new features or functionalities introduced during the hackathon.

During the event, funding programs such as the BNB Chain Builder Grant and BNB Chain MVB Program will also be introduced, showcasing BNB Chain’s ongoing commitment to supporting and growing the decentralized ecosystem.

In 2022, BNB Chain dApps have attracted over a million daily unique web3 wallets despite a market downturn. The network also surpassed Ethereum with over 230 million in the number of unique addresses, becoming more decentralized and open source than ever while improving scalability and lowering costs for Web3 projects.

This article is a press release.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible 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 BNB Chain here:

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