The Web3 Scholarship, a funding platform established by Huobi Incubator, has announced that it will join with co-hosts FBG Capital, Asia Blockchain Gaming Alliance (ABGA), Sanctor Capital, and Spark Digital Capital to establish the Web 3.0 Sea Alliance and host the Web 3.0 Hackathon from March 21-25, 2022.
According to Huobi, Web3 has the ability to revolutionize the blockchain sector and the internet as a whole, impacting storage, protocols, networks, applications, and more. This vision will be furthered by co-organizing and sponsoring this hackathon in collaboration with some of the leading crypto venture capital firms. In January, Huobi Incubator, the project incubation branch of Huobi Group, partnered with five blockchain firms and university organizations to establish Web3 Scholarship, a funding platform for developers, builders, and projects working in the Web3 field. The $10 million platform was initially funded by Huobi Incubator.
From 1 Feb 2022 until 15 Mar 2022, all developers and startup teams who are passionate about Web3 are welcome to register for the hackathon.
Why Huobi Incubator co-organize a Web 3.0 hackathon?
The intent is for the hackathon to be a platform for budding entrepreneurs and experts in various fields to share their ideas, solve problems, and offer solutions. A total prize pool of US$92,000 will be available at the event. Alibaba Cloud will also act as one of the assessors; winners will get discounts on Alibaba Cloud services as a result. Winners may have the chance to apply for money from Web3 Scholarship in the future. The following are all of the prizes and incentives:
Prizes | |
Total Award Pool Size: | US$92,000 |
Top Winner: | US$25,000 (1 slot) |
Second Tier Winners: | US$15,000, (2 slots) |
Third Tier Winners: | US$8,000 (3 slots) |
Community Award: | US$3,000 (1 slot) |
Alibaba Cloud Credits Coupon | |
Top Winner: | US$2,000 (1 slot) |
Second Tier Winners: | US$1,000 (2 slots) |
Third Tier Winners: | US$600 (3 slots) |
Community Award: | US$300 (1 slot) |
“We aim to discover talented developers that have the potential to drive Web3 developments and transform the industry… We hope that these developers can work together with us to make the Web3 dream a reality.”
–Jewel Chen, Head of Huobi Incubator
To register for the hackathon, click here or for more information and collaboration Web 3.0 Hackathon Discord portal.
What is Huobi Incubator?
The Huobi Incubator is a professional, full-cycle project incubator that combines industry research, investment money, incubation procedures, and accelerators. With the goal of assisting entrepreneurs and startups in overcoming barriers, achieving rapid expansion, and pursuing their commercial ambitions and goals, the Huobi Incubator aids entrepreneurs and startups in overcoming difficulties, achieving fast development, and working toward their own objectives.
What is Web3 Scholarship?
Huobi Incubator and a group of blockchain veterans, venture capitalists, universities, and encryption platforms have launched the Web3 Scholarship. It will prioritise funding for developers working in the Web 3.0 sector and will offer assistance in a variety of areas, including money, incubator mentorship, and token listing possibilities for early-stage projects.
