Web3 Global Hackathon 2023: Innovation Challenge in Decentralized Applications

Published On: September 5, 2023490 words2 min readBy:

In a pioneering move to bolster the development of decentralized applications (dApps), Hakuhodo Inc., Mazda Motor Corporation, and Mitsubishi Estate Co. Ltd have come together to launch the Web3 Global Hackathon 2023. Set to kick off on September 30, 2023, the event is orchestrated by HAKUHODO KEY3, a web3 business development firm established by Hakuhodo Inc. in December 2022.

Web3, the next evolution of the internet, is believed to be a game-changer for the digital world. It calls for a new generation of dApps built on the multi-layered architecture of blockchain technology. To meet this demand, HAKUHODO KEY3 has been instrumental in organizing hackathons to foster innovation and integrate dApps into everyday use.

The Web3 Global Hackathon 2023 will run from September 30 until December 9, 2023, welcoming both physical and virtual participants. The event timeline includes an entry period from September 4 to November 24, 2023, a kickoff event on September 30, and a development period from September 30 to November 24, 2023. The winning team stands to win a prize pool of ¥11 million worth of Astar. Teams consisting of one to four members can officially register through the website.

Besides the main prize pool, there are several other awards up for grabs, including the Mazda Grand Prize, Mazda Excellence Prizes, Mitsubishi Estate Grand Prize, Mitsubishi Estate Excellence Prize, Astar Grand Prize, and more. The hackathon invites engineers, business developers, designers, and marketers who are interested in Web3 technology.

The Web3 Global Hackathon 2023 is strategically designed to reflect Mazda and Mitsubishi Estate’s corporate ethos and strengths. Winning teams can expect a range of benefits such as funding, recognition, investment opportunities, collaborative development opportunities, and support for implementing their design to benefit society.

Mazda aims to leverage drive-to-earn innovations to make driving more enjoyable for both drivers and passengers. Mitsubishi Estate’s focus lies in building decentralized autonomous organizations (DAO) in Tokyo. The company plans to use web3 technology to foster organic connections among users and transform parts of Tokyo into a web3 city known as the TOKYO TORCH district.

The hackathon has also garnered support from several other partners like Astar Foundation, Biconomy, Bunzz, Ginco, UNCHAIN, AKINDO, bitbank, Skyland Ventures, TEAMZ, TechFeed, and the Web3 Foundation.

For those looking to participate in the hackathon but are new to blockchain technology or crypto investment, it’s recommended to take advantage of a crypto education platform or download a digital wallet. This will not only help participants understand how to make a crypto investment but also give them hands-on experience with blockchain technology.

Moreover, for participants in the United States, they can make use of a Crypto Exchange service in the United States or download a crypto app in the USA to get started with their blockchain journey.

In conclusion, the Web3 Global Hackathon 2023 promises to be a groundbreaking event that will fuel the growth of web3 technology and its applications. With industry giants like Hakuhodo Inc., Mazda Motor Corporation, and Mitsubishi Estate Co. Ltd backing this initiative, it is set to revolutionize the future of the internet.

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