On October 31, 2024, the bustling city of Hong Kong welcomed a feast for blockchain technology enthusiasts—a unique Hackathon event. This event was jointly hosted by three industry giants: APE, Arbitrum, and DuckChain, organized by Techub News, with well-known companies such as Ithaca Protocol, KUMA, Laguna Network, and Foresight News as partners providing strong support for the event.
This Hackathon is not only a contest of technology but also a collision of ideas. It offers a valuable platform for developers from around the world to showcase their talents, exchange ideas, and collectively promote the development and application of blockchain technology. Here, every participant carries a passion and pursuit for technology, exploring the infinite possibilities of the Web3 world together.
The event highlights were abundant, with three main themes running throughout. The APE (Ape Portal) theme focused on reboot protocols, ApeChain original production, and deep integration of BAYC/ApeChain IP, bringing new challenges and opportunities to participants. The Arbitrum (Stylus Sprint) theme emphasized deploying Stylus contracts and provided additional rewards for projects deployed on ApeChain, inspiring developers' infinite creativity and enthusiasm. DuckChain, as the first consumer-level layer of the TON ecosystem, had a theme that was closer to consumer needs, dedicated to exploring solutions for large-scale adoption and promoting the popularization and implementation of consumer-level applications.
In this peak technological showdown, participants faced unprecedented challenges. They needed to successfully deploy contracts on Arbitrum (Ape chain and DuckChain are both on ArbitrumOrbit), ensuring not only the stability and security of the technology but also the smoothness and convenience of the user experience. At the same time, they needed to consider how to promote the popularity of consumer-level applications, allowing more people to experience the convenience and charm brought by blockchain technology.
To ensure the fairness and authority of the selection, the judging team consisted of experts from ApeCoin DAO, Arbitrum, and DuckChain, who conducted detailed evaluations of each participant's work based on their rich experience and expertise, ultimately selecting the most innovative and practical works.
Now, let's revisit the exciting moments of the day with the words of the Techub News editor. From the intense and thrilling competition segments to the exhilarating award ceremony, every moment was filled with surprises and emotions. Let us witness this peak showdown of Web3 innovation and technology together, and feel the charm and infinite possibilities of blockchain technology.
Apecoin GWG head All City delivers an opening speech
Apecoin GWG head All City detailed their technological innovations and community advantages. The Ape Chain, based on NFTs and the ApeCoin ecosystem, emphasizes community co-creation culture, providing 100 million ApeCoins through the 'Banana Fund' to support developers. Additionally, the team has launched three major development directions: no-loss betting, Twitch-like live streaming, and interactive betting. It has gathered well-known community members from the cryptocurrency and NFT fields to explore potential developments on the Ape chain. The strong community support and resources of the Ape chain attract developers to join the innovation and provide opportunities for participation.
CARD 3-APE
The representative of CARD 3 introduced their project at the Hackathon, which aims to provide a Web3 'physical-digital' (figital) user interaction experience through NFC technology. Their product can generate NFC cards at events, allowing users to obtain information related to activities or rewards via mobile NFC sensing. They collaborate with multiple Web3 communities to enhance event interactivity and user loyalty, addressing the issue of ineffective user conversion. Additionally, they emphasize that the product adopts a hot wallet design, eliminating the need for users to connect to a main wallet, thus increasing security.
Bettor Whale-Arbitrum
Jason, the founder of Bettor Whale, introduced his platform Bettor Whale at the Hackathon, which aims to provide a gamified investment experience for cryptocurrency users. The platform helps users make simulated trades and strategy selections amid market fluctuations through AI-assisted signals, market sentiment tools, etc. Its Telegram mini-program supports real-time price predictions, signal markets, and distributed wallets. Users can optimize their trading through staking, algorithm-supported Vaults, and AI guidance. Furthermore, Bettor Whale will expand user experience through competitions and new features, having gained support from significant partners and investors.
TerpLayer-APE
TerpLayer presented its DeFi lending platform at the Hackathon, aiming to provide decentralized lending services through crypto derivatives. The platform utilizes credit risk, interest rate risk, and price risk management, combining cross-margin features and flexible collateral options to help users minimize risks. TerpLayer supports various assets and derivatives markets and has established a DID system to track user reputations. The team plans to further develop the platform's capabilities and showcased progress in integrating with the Ape chain.
ITHACA PROTOCOL
Dimitrios Kavvathas from ITHACA Protocol shared opportunities for driving rapid growth in the crypto options market through his innovative protocol during the Hackathon. His platform enables users to create custom yield models and manage risk flexibly by integrating basic options tools (such as calls, puts, and forward contracts). This 'self-reinforcing' option strategy has liquidity and transparency, suitable for DeFi and traditional financial markets. ITHACA has been live for several weeks and currently leads in the DefiLlama rankings, planning to support options trading for ApeCoin next, looking forward to active community feedback and participation.
LAGUNA NETWORK
YX from Laguna Network introduced the platform's innovative model at the Hackathon, bringing cryptocurrency to new users rather than attracting users into the crypto ecosystem. Users can shop through a rebate mechanism in partnership with well-known merchants (like Razer, Agoda, etc.) and receive cryptocurrency rewards without needing a wallet or seed phrase. Laguna Network plans to incorporate ApeCoin into its reward system in 2024, benefiting the Ape community. The platform uses commissions generated from shopping to buy back cryptocurrency, enhancing token usability and value to attract more users into the crypto market.
Awakening of the Qin Dynasty
During the Hackathon event, Joyce Zhou detailed the immersive project 'Awakening of the Qin Dynasty,' which integrates Chinese culture, the historical context of the Qin Dynasty, and mysterious elements from the (Shan Hai Jing) to create an interactive movie world using VR technology, providing a time-crossing immersive experience. 'Awakening of the Qin Dynasty' adopts an IP+RWA innovative model to solve issues of price volatility and user confidence, lowering the threshold for user participation, while blockchain technology ensures transaction transparency and security. Since opening, the project has sold over fifty thousand tickets, with box office revenue exceeding ten million yuan, showcasing strong market performance.
Additionally, Joyce also shared the diverse expansion of 'Awakening of the Qin Dynasty' in fields such as NFTs, blockchain games, and hardware, planning to conduct private fundraising in Q4 2024 to further enhance the project's appeal. As a comprehensive IP ecosystem, 'Awakening of the Qin Dynasty' showcases the innovative practice of Chinese culture in the metaverse and Web3 fields, as well as its potential in overseas markets. Joyce's presentation not only helped the audience better understand the unique charm of this project but also opened up new possibilities for cultural export and immersive experiences.
UStars-Duck
At today's Hackathon, the UStars representative introduced their innovative Telegram Stars ecosystem. The UStars platform allows users to directly exchange Telegram Stars obtained through gifts or community activities for USDT, achieving instant conversion of stablecoins, thus avoiding the price fluctuations risk in traditional exchanges. The platform supports multiple wallets and is committed to cross-chain support to connect multiple blockchain networks such as Bitcoin and Ethereum, providing users with convenient asset cross-chain and value-added services. The project plans to launch its MVP in Q4 this year and conduct vertical and horizontal expansions within the TON ecosystem.
Round Table Meeting: Community Building
Host: HAZEL/Founder of the Chinese-speaking Bored Ape community, Founder of MOCACN; Guests: NIC/FOUNDER NOUNSCN & CRYPTO PUNKS CN, SUBVERT/FOUNDER COOL CATS HK, GOLDY/FOUNDER 852 GARDEN, DL/FOUNDER MOCA HK, WINCHMAN/FOUNDER 852 WEB3;
The round table meeting focused on the theme of 'community building,' hosted by HAZEL (founder of the Chinese-speaking Bored Ape community), inviting several well-known community builders from Hong Kong, including NIC, SUBVERT, GOLDY, DL, and WINCHMAN as guests.
During the meeting, guests shared their experiences in community building, emphasizing that community building starts with shared interests and values, and the power of a community lies in its ability to gather like-minded individuals. They unanimously agreed that the core of community building is values, which need a focal point to guide the community's development.
At the same time, the guests also discussed how to maintain community vitality and prevent member attrition. They believe that the most important factor is genuine sharing and communication among members, rather than purely profit-driven relationships. Additionally, they explored the communication and collaboration between different communities, believing it helps members understand other projects and broaden their horizons.
Finally, the guests noted that while each community has different characteristics and positioning, holding joint events can promote communication and interaction among members, enhancing community cohesion. They called for more communities to actively participate and jointly promote the development of community building in Hong Kong. The entire meeting concluded in a pleasant atmosphere, providing new ideas and inspiration for community building.
Jackbot-Arbitrum
Jackbot is a Web3 project that combines classic poker and other games, offering a no-risk 'free win' gameplay, including daily spins and multiplayer competitions. The platform supports NFTs and incorporates AI analysis features to provide players with game skill feedback. This project focuses on the longevity of traditional games, enhancing the experience through Web3 technology, with 10 million users gradually expanding to Web3. The NFT design has social attributes, supports public welfare activities, and promotes environmental protection projects. Team members come from around the world, possessing rich backgrounds in the gaming industry.
BridgeM-Duck
At today's Hackathon, the BridgeM representative introduced their bridging technology dedicated to cross-chain liquidity, connecting Bitcoin and Ethereum's Layer 2 ecosystems, and will further expand support for other EVM-compatible networks, integrating the first consumer layer project DuckChain into the TON ecosystem.
Different from traditional cross-chain bridges, BridgeM helps new chains attract users and funds through modular design, providing users with high-yield returns and combining airdrops with protocol revenue sharing. Through its unique LP pool and staking mechanism, BridgeM addresses the liquidity issues of cross-chain assets, creating more revenue opportunities for Bitcoin holders and others.
Uniland -APE
During the Hackathon presentation, the Uniland representative introduced their project in the art economy and intellectual property management, aimed at providing asset management support for artists. They showcased Uniland's dual-layer protocol structure: the first layer handles encrypted storage and copyright protection, while the second layer focuses on application and financial tools. The project includes artist tokenization, asset launch platforms, and cross-chain liquidity solutions. The team is committed to enhancing the monetization of artworks through blockchain, AI, and NFTs, and promoting the liquidity of virtual assets, supporting the arts.
Let Me Guess-APE
The project representative's speech at the Hackathon focused on the innovation of their skill-based betting platform, aimed at providing a dedicated betting platform for niche gamers. They pointed out that the global skill betting market is projected to reach $35.6 billion in 2024, expected to grow to $676 billion by 2030, especially with the rapid growth in the esports sector. The platform enables users to easily create custom betting spaces through community and simple building tools, and returns part of the transaction fees to the community, forming a self-circulating ecosystem. Currently, they are still in the rapid prototyping phase, looking forward to user feedback to optimize the platform's visuals and user experience.
XENO BUNNY-Arbitrum
The project representative at the Hackathon introduced the XENO BUNNY project, a multi-chain strategy game that combines DeFi elements, aimed at enhancing player interaction through dynamic gameplay and innovative economic systems. Game mechanics include card battles, land wars, cross-chain adventures, etc., enhancing rewards through interactions between NFT cards and land NFTs, forming a multi-layer ecological system. The presentation also emphasized community value and the project's unique experience in NFT cross-chain aspects. Finally, the representatives hope to collaborate with ApeCoin and other partners to promote the joint development of multi-chain communities.
Apecoin GWG head All City speaks
All City introduced the revival of NFTs on Ape Chain, emphasizing the importance and rapid growth of its community, with a recent surge in trading volume. Ape Chain has multiple launch platforms, such as Magic Eden, Blever, and Puffles, promoting the development of various NFTs, including independent artists and non-ape projects. He mentioned that the NFT market is recovering and urged everyone to seize the opportunity to purchase relatively cheap NFTs. Ape Chain is attracting more users and showcasing strong market performance.
Award Ceremony: A successful conclusion, with a promising future
As night falls, the Hackathon: Web3 Innovation and Technology Summit also reaches its most exciting moment—the award ceremony. This segment not only affirms the hard work of the participants, but also elevates the spirit and value of the entire event.
In the DuckChain track, BridgeM stood out with its exceptional technical strength and innovative thinking, winning the award in this track. The BridgeM project aims to solve the cross-chain communication challenges in blockchain, providing an efficient and secure solution for information exchange between different chains. After integrating with DuckChain, it will bring more vitality to the TON ecosystem and provide consumers within the TON ecosystem with a more convenient trading experience.
The Arbitrum track showcased a more intense competitive landscape. After layers of screening and evaluation, Bettor Whale, through AI-assisted signals and market sentiment analysis, provided a gamified [cryptocurrency] investment experience, successfully winning first place in this track. Let’s Burn and XenoBunny took second and third places, respectively. Jackbot achieved fourth place in this track.
The APE track is equally exciting. TerpLayer won first place in this track with its unique reboot protocol and ApeChain original production optimization scheme. Let Me Guess and Card3 respectively took second and third places. These projects not only provide new possibilities for the integration of BAYC/ApeChain IP, but also inject new vitality into the prosperity and development of the Web3 ecosystem.
The successful conclusion of the award ceremony marks the successful end of this Hackathon event. However, the significance of the event goes far beyond this. It not only provides participants with a platform to showcase their talents and exchange ideas but also promotes the development of blockchain technology and innovative projects. The competition and collaboration among various projects not only inspire innovative ideas but also drive the continuous prosperity and growth of the Web3 ecosystem.
Looking ahead, we expect to see more such innovations and exchange feasts in Hong Kong and around the globe. We believe that in the near future, Web3 technology will lead a new round of technological revolution and industrial transformation, bringing a more convenient, efficient, and secure digital life to human society. Each of us has the opportunity to witness and participate in this great process.