Coinstore Labs' UBIT Blockchain Ecosystem Hackathon 2024 has concluded, marking a significant milestone for the blockchain development community. The event attracted developers from over 30 countries, who submitted a remarkable 102 projects showcasing innovative solutions and advanced blockchain technology. These groundbreaking developments promise to greatly benefit the UBIT chain and pave the way for the industry's future.

The hackathon's success was made possible by the generous support of its sponsors, including 4EVERLAND, as well as strategic partners D2Labs and Hashlock. Additionally, the event received extensive media coverage from partners such as Bitdigest, Blockpedia, Coinedition, CoinGabbar, Voice of Crypto, Connect Web 3, Cryptic Web3, and The News Crypto, further amplifying the impact of this online hackathon.

Winner Announcement for UBIT Hackathon 2024:

Coinstore Labs is thrilled to announce the winners of the UBIT Hackathon 2024, celebrating the outstanding projects that have demonstrated excellence in developing groundbreaking blockchain solutions. A total prize pool of 200,000 USDT will be awarded to the top teams in recognition of their innovation and technical prowess, which have the potential to significantly benefit the UBIT ecosystem and shape the future of the blockchain industry.

DEFI Track:

• First Place: UBITStake
  A decentralized platform on the UBIT Blockchain that allows users to securely stake UBIT tokens and earn rewards effortlessly.
• Second Place: FluxLayer
  An advanced cross-chain infrastructure offering enhanced security and faster finality, enabling seamless scalability across dApps with a permissionless SDK.
• Third Place: UBITLend

A secure P2P platform providing crypto-backed loans for borrowers and attractive returns for lenders, emphasizing security, transparency, and fairness.

WEB3 + AI Track:

●     First Place: STAR-EX V2
A GameFi innovation that uses cross-chain technology to overcome traditional limitations, enhancing interoperability and accessibility across devices, and driving gameplay innovation.

●     Second Place: FanBet
An immersive gaming experience combining AIGC (Artificial Intelligence, Generative Content) with blockchain technology for AI-driven content and gameplay.

●     Third Place: ClickEngine
An intuitive event-based system for creating games across mobile, desktop, and web platforms, facilitating transactions for assets, templates, and game purchases as NFTs.

Highlighting Promising Projects:

Beyond the top winners, we are excited to highlight several projects that stood out for their creativity and potential:

●     Best Creative: UFlix
A decentralized EVM-based video streaming service on the UBIT network, offering peer-to-peer streaming, secure IPFS storage, a SocialFi ecosystem for monetization, and community-driven governance through a DAO.

●     Best Creative: PayBit
A fiat payment tool based on UBIT, designed for instant liquidity, allowing users to seamlessly convert fiat currency to UBIT, enhancing liquidity within DeFi protocols and facilitating smoother transactions.

●     Most Potential: UBID
A project focusing on decentralized identity solutions, providing secure and verifiable digital identities on the blockchain.

●     Most Potential: UBIT Wallet
An innovative digital wallet solution that enhances user experience with secure and easy-to-use features for managing UBIT tokens.

“We are excited to announce the successful completion of the UBIT Hackathon 2024. The quality of projects presented was outstanding, showcasing the fast-paced innovation happening in the blockchain space. It was inspiring to see the creativity and dedication of the participants as they tackled real-world challenges with blockchain technology. Their efforts highlight the potential of the UBIT chain and promise exciting developments for the future.” - Shock, Head of Coinstore Labs

Building on the success of the UBIT Hackathon 2024, Coinstore Labs is excited to announce that it will be organizing more blockchain hackathons in the future. These future hackathons aim to continue fostering innovation and collaboration within the blockchain community, providing a dynamic platform for talented developers and entrepreneurs to showcase their skills, creativity, and groundbreaking solutions that will drive the industry forward.

Coinstore Labs congratulates all the winners of the UBIT Hackathon 2024 on their well-deserved success and outstanding contributions to the blockchain industry. The blockchain landscape is brimming with boundless opportunities, and the UBIT Hackathon 2024 marks only the initial stages of an exciting journey for many of its talented participants, who have demonstrated the potential to drive the industry forward with their innovative solutions.

About Coinstore Labs:

Coinstore Labs, an accelerator under the Coinstore Group, is dedicated to providing start-up capital and resources to outstanding entrepreneurs, fostering the growth of the global blockchain industry. Our focus spans key sectors such as DeFi, basic infrastructure, Web3, and public chain ecosystems. Leveraging extensive venture capital resources and strategic partnerships, Coinstore Labs supports blockchain projects at various stages of development, empowering innovators to transform industries and drive the advancement of cutting-edge technology.

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