Dubai Hackathon Awards Five Web3 Startups

Organisers DMCC and Bybit have selected five winning projects from their global Web3 Unleashed #3 hackathon, granting a total prize pool of US$140,000 to the top teams. The live finale took place at S/O Uptown Dubai where finalists pitched across six tracks - DeFi, Web3 Gaming, SocialFi, Infrastructure, Tokenisation, as well as two new areas, DeFAI and DeSci.

More than 90 teams applied from around the world and ten were chosen to present before a panel of industry experts and investors. Judges assessed the entries on technical execution, innovation, business potential and real-world impact. The five winners were Yumi Finance, Glint Analytics, Sorachain AI, Aurayale and Spout Finance.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said the Web3 Unleashed programme has evolved from a regional initiative into a global benchmark for Web3 innovation, and adding new tracks this year reflects organisers' commitment to technological evolution and decentralised transformation.

Helen Liu, Co-CEO of Bybit, noted the growing technical depth and global calibre of hackers joining the competition. She underscored that despite volatility in crypto markets - with major tokens facing pullbacks - the exchange remains committed to backing builders working on utility-driven Web3 solutions.

Support for the hackathon came from partners including DWF Labs, Hacken, CV Labs, Blockchain for Good Alliance, Verse8, CROSS and Cointelegraph, which contributed mentorship, technical guidance and exposure to participating teams.

The hackathon's broadened scope this year, especially with DeFAI and DeSci categories, highlights widening interest in merging blockchain with artificial intelligence and decentralised scientific research - areas gaining traction among developers worldwide. The winners' projects are expected to benefit from access to mentors, potential backing from investors and integration into DMCC's expanding Web3 ecosystem.

Stakeholders consider the outcome indicative of a maturing Web3 landscape in Dubai and beyond, where decentralised technologies are increasingly judged on real-world utility, technical robustness, and cross-sector applicability.

Arabian Post – Crypto News Network

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