Web3 Innovation Summit: Hackathon Showcases New Directions in the Industry

On December 22, 2024, a hackathon themed "Web3 Applications Within Regulatory Frameworks" successfully concluded. This event attracted outstanding developers from around the world, providing a fresh perspective for exploring the future of blockchain.

During the three-day event, dozens of teams showcased their creative solutions, fully demonstrating the technical strength and market insights of global developers. This hackathon focused on five core areas: DeFi, RWA, INO, payments, and cultural heritage. These tracks reflect the current innovation directions and market hotspots in the blockchain industry.

DeFi: Dual Enhancement of Technology and User Experience

In the DeFi space, the Likwid project focuses on liquidity management, providing users with efficient asset allocation tools. Stable Swap addresses the slippage issue in stablecoin exchanges, offering solutions for a multi-chain trading ecosystem. These two projects demonstrate the important trend of DeFi transitioning from a technology-driven approach to a user-friendly one.

RWA: Linking Traditional Assets with Blockchain

The RWA track is receiving a lot of attention. Asteroidx enhances transparency for traditional financial products through on-chain asset management tools. Bnb3 is exploring innovative ways to map real-world assets to the blockchain, facilitating the circulation of global assets.

INO: Innovative Practical Value of NFTs

NFT is becoming a more practical tool-like asset. Tiptag.social innovates user interaction models by combining NFTs with social attributes. HashKeyFun makes NFTs closer to users' lives through entertainment experiences.

Payment: The Key Entry Point for Blockchain Commercial Use

PolyFlow has created a multi-chain compatible payment system, providing an efficient solution for cross-chain payments. Trusta focuses on payment security, ensuring transparency and trustworthiness of transactions. These projects showcase the future development direction of blockchain payments.

Cultural Heritage: Technology Empowering Cultural Protection

Fufuture and Rwalt projects explore new paths for digital protection of cultural heritage. Through on-chain storage and interactive design, these projects breathe new life into traditional culture while endowing technology with deeper social value.

Outstanding projects stand out

After fierce competition, several outstanding projects stood out in various awards:

• First Prize: Likwid and Stable Swap
• Second Prize: Asteroidx and Lego Perpetual Protocol
• Third Prize: Bnb3 and Lightning Huskey
• Innovation Award: Tiptag.social and X-Wallet
• Special Award: PolyFlow, Trusta, Fufuture, and Rwalt

These award-winning projects not only showcase technological innovation but also reflect market demand and future development directions.

Developer Enthusiasm and Market Future

In this event, developers showed a strong interest in optimizing the DeFi user experience, RWA asset management, and the functionalization of NFTs. This not only reflects the actual needs of the industry but also provides inspiration for key directions in the future market.

Promoting a New Chapter in the Blockchain Ecosystem

As one of the blockchain public chains with compliance as its core strategy, the organizer is committed to finding a balance between compliance and innovation, providing reliable infrastructure for global developers, and promoting blockchain technology to the masses.

By supporting identity authentication, achieving a balance between data transparency and privacy protection, and collaborating with global regulatory bodies and traditional financial institutions, the organizers continuously expand the boundaries of compliant blockchain. Their goal is to enable more blockchain projects to be successfully implemented through compliant technological innovation, narrowing the gap between technology and practical application.

In ecological development, the organizers place developers at the core, providing high-performance infrastructure and a complete toolchain to help technical teams lower the development threshold. In addition, an ecological fund and developer incentive program have been established to provide funding and resource support for high-quality projects.

Looking to the future, blockchain technology is expected to become an important tool for building trust bridges, promoting inclusive finance and social development. From payments and DeFi to supply chain finance, blockchain is providing solutions for more practical application scenarios, allowing technology to better serve people's lives.