Bybit and DMCC have joined forces to launch the “Web3 Unleashed: Crypto Innovation Challenge” hackathon, offering a substantial $100,000 prize pool and as part of their ongoing partnership to accelerate crypto adoption in Dubai. This exciting hackathon with a focus on artificial intelligence, gaming, and blockchain security, is set to become the largest of its kind in the MENA region.

Registration was open from September 26 to October 26, 2023, welcoming projects from diverse domains, including Blockchain Infrastructure, AI, DeFi, NFTs, Metaverse, Crypto Gaming, Sustainable Blockchain Solutions, and more. The hackathon is scheduled for November 22, 2023.

Bybit’s commitment to the cause is evident through its contribution of AED 500,000 to 15 crypto startups within the DMCC crypto ecosystem. This initiative is not just about financial support; it goes beyond offering mentorship and fostering an atmosphere for young talent to flourish.

Ben Zhou, co-founder and CEO of Bybit, emphasized the significance of the hackathon in Dubai’s evolving crypto landscape, dubbing Bybit the “Crypto Ark” ready to support DMCC Crypto Centre members in realizing their dreams.

This move is set to ignite Dubai’s crypto landscape and symbolizes a milestone as Bybit takes its place as the official Ecosystem Partner for the DMCC Crypto Centre, a vibrant hub for crypto and Web3 businesses to thrive and innovate.