Web3athon – The largest multi-chain People-First Crypto Hackathon

CoinDesk and CRADL unite creatives and developers to solve pressing social problems

NEW YORK, 24 October 2022 /PRNewswire/ — CoinDesk and CRADLE announcing the winners of the Web3athon: Hyperlocal, People-First Crypto Hackathon. Web3athon is a multi-blockchain, 2-stage, virtual hackathon powered by HackerEarth which brought creatives and developers together to solve some of the most pressing hyperlocal problems facing society. The driving goal of the Web3athon: build better, scalable products using Web3 that provide tangible solutions for everyday use. Launched on 9 June 2022 at CoinDesk’s flagship conference, ConsensusThe Web3athon ended after 14 weeks of construction with 32 winners and 15 standouts announced on CoinDesk’s IDEAS Conference on 19 October 2022. The winners split $800,000 in prizes.

CoinDesk and CRADL announce the winners of the Web3athon: Hyperlocal, People-First Crypto Hackathon

Web3athon took a radical departure from typical hackathons. Instead of submitting a technical problem for a single chain, participants began Stage 1 by focusing on one of the five hyperlocal hackathon challenge areas: Generational Wealth Building, Financial Health, Sustainable Communities and Culture, Disaster Relief and Response, and Environmental Well-Being . Sponsors approved 163 projects for Stage 2 to build an MVP on the chain.

The event recruited Web3 developers and people new to Web3, such as Web2 coders, designers, community organizers, policy makers, economists, urban planners, and artists. The multi-chain effort led to 17 protocols joining as sponsors to create a prize pool $800,000: Filecoin, Stellar, Celo, Circle, Avalanche, Polkadot, Prasaga, Polygon, Ripple, Accumulate, Aleo, Qtum, Provenance, Acala, Hedera, Boba Network, Blockdaemon (API). Featured judges included; Erikan Obotetukudo; Founder and CEO of Audacity, Akin Sawyerr; MD, Feleman Ventures, Akihisa Shiozaki; Member of the House of Representatives, Japanese Government, Sheila Warren; managing director i Crypto The Council for Innovation, Michael Casey; Chief Content Officer, CoinDesk, Daniel Culotta; Chief Innovation Officer, The city of Austin, Texas.

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Tricia Wangdirector and co-founder of CRADL said, “The Web3athon sets a precedent by proving that we can create a Web3 that has practical utility by focusing on three things: prioritizing solving human problems over technical problems, hosting multi-chain, not single-chain hackathons, and aggressively welcoming domain experts who build Ved creating an environment where non-technical experts feel comfortable contributing are the Web3athon winners and standout proof that we can create a high-quality funnel of teams that are ready for upfront investment.“

About Web3athon: Topline Statistics

Web3athon Winners: Of the 32 winning teams and 15 standouts, here are three winners that exemplify the best of the Web3athon, including the chain and prize level the project team placed, along with a project description. These projects also won the title of Web3athon Standout.

1. EVOLVE, 1st place polygon, is a learning-to-earn and community platform to strengthen financial literacy and mental health; supporting women of color globally to build generational wealth. Users will learn and invest $EVOLVE tokens into a community pool to stake and build interest in their contributions to tackle a perennial problem of economic inequality: the median net worth of Black and Latina women is $1k compared with $80k for white women.

2. Peace DeFi Wealth Protocol, 3rd place on Polkadot, is a protocol that combines DeFi with a non-custodial solution for the new generations, to manage and expand their assets on-chain, while keeping them safe in case of emergency, failure or death. Based out of MexicoThe Peace DeFi Wealth team, co-founded by Juan Espejelwere inspired to create a solution for generational wealth when they discovered it 4 billion dollars in crypto assets have been lost due to death or loss of access.

3. Black History DAO, 1st place on Polkadot, is an NFT-based cultural museum and anthropology organization on the chain. The team and the community, led by Theresa Kennedyis dedicated to the preservation of black history using blockchain technology and decentralized systems such as IPFS and Substrate.

4. realCashFlow, #1 on Circle, is a Web3-based payroll product that offers a solution to inflation’s damaging effects on workers by paying them daily in inflation-adjusted dollars. The co-founders, Kunal Kewalramani and Michael Jonesis a student and professor team at University of Cincinnati’s Kautz-Uible Cryptoeconomics Lab.

Michael CaseyChief Content Officer at CoinDesk, said, “The world is on the precipice of a humanitarian catastrophe. As Web3 technologies race forward, it’s important that we figure out how to use them in ways that advance the human experience. The crypto society has an opportunity to change the world. Hackathons are an important building block of this effort, a means of collectively creating world-changing tools. But they must be people-centred if they are to change crypto culture and work practices in a lasting, meaningful way. And that’s exactly what we got with hundreds of huge entries to this hackathon, now whittled down to 32 very worthy winners. They are all very different, but each, in their own special way, captures the ethos of Web3athon’s human-centric, hyperlocal approach. Congratulations to all who participated.”

For more information, Web3athon message set contains the list of winners and standouts, additional statistics and testimonials from participants, organizers and judges.

CoinDesk and Consensus: CoinDesk is the most influential, trusted information platform for a global community engaged in the transformation of the financial system and the emerging crypto economy. CoinDesk’s annual festival, Consensusis the most influential crypto and blockchain experience of the year since 2015. coindesk.com | @coindesk

CRADLE: The Crypto Research and Design Lab (CRADL). the vision is to put people at the center of Web3. Its mission is to use evidence-based thought leadership to accelerate crypto the industry towards its goal of creating a fairer, more inclusive society. Their research on hackathons led to the collaboration with CoinDesk to design the Web3athon.

cradlel.org | @cradl_org

HackerEarth: HackerEarth is the world leader in Hackathons. They have hosted over ten thousand Hackathons around the world and coordinate with developer relations managers globally and are turnkey partners to execute the Web3athon. Hackerearth.com | @hackerearth

Press contact:

Casey Craig | [email protected]

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SOURCE CoinDesk Inc