OKX, the second largest crypto alternate by buying and selling quantity and a number one Web3 know-how firm, has teamed up with Google Cloud to host the OKX Hackathon to drive progress and innovation of the blockchain ecosystem.
The three-day occasion, held in Silicon Valley, aimed to encourage builders to construct decentralized functions on OKT Chain, a number one layer 1 blockchain constructed on Cosmos.
Over 200 attendees joined the hackathon, forming 46 groups and submitting 32 tasks that showcased the potential of decentralized, blockchain-based functions to rework numerous industries.
The OKX Hackathon additionally aimed to construct consciousness of OKT Chain’s know-how and infrastructure among the many wider blockchain group.
By bringing collectively like-minded people with a shared curiosity in blockchain know-how, the occasion helped to foster a vibrant and engaged group of builders that may promote the expansion of the OKT Chain ecosystem.
Meet the Winners
The highest 5 tasks have been awarded prizes based mostly on their innovation, utility, and potential to positively change the trade. The successful groups have been as follows:
Lite OKX bridge
For a lot of video games and NFT customers, a single buy hardly ever exceeds $25. Present bridges are targeted on massive funds, which makes them redundant when it comes to safety and with a excessive entry threshold (from $30-50).
This undertaking proposed technical options for bridging small funds and goals to decrease the entry threshold for many who need to discover the OKT Chain ecosystem.
Due to the Lite OKX bridge, customers will be capable to switch $2-5 from USDT on Polygon to OKTC in 1-2 minutes with out commissions.
This can enable them to entry all tasks on OKTC in a single click on. Due to the SDK, websites will be capable to natively help this bridge and the consumer received’t have to go away the positioning.
Hexlink
The Hexlink platform presents a big profit by eliminating the necessity for customers to arrange a pockets earlier than receiving tokens.
Hexlink makes OKT Chain extra user-friendly and accessible because it eliminates a barrier to entry for potential customers who is probably not acquainted with the method of establishing a pockets.
It additionally gives better flexibility and comfort for customers who can arrange their accounts and wallets at a later time, when it’s extra handy for them. This strategy encourages extra people to take part in actions on OKT Chain, thus driving the consumer adoption of the chain.
OKX Guardian
OKX Guardian was impressed by the necessity for a safer and clear method of managing an individual’s digital belongings after their passing.
Whereas some could go for a lawyer to deal with their will and distribute their crypto belongings, there are inherent dangers in entrusting personal keys to a 3rd social gathering.
Within the occasion of a safety breach, the personal keys may very well be compromised, placing your complete property in danger. OKX Guardian proposed a decentralized and trustless answer, making certain that the needs of the deceased are executed with none reliance on a single particular person or establishment.
Web3 Adverts
An absence of transparency within the promoting market as a consequence of intermediaries will increase prices for each advertisers and publishers and results in inefficiencies, mistrust, and potential advert fraud.
This undertaking proposed good contracts to make it attainable for advertisers and publishers to make use of OKT Chain to purchase and promote immediately with out intermediaries.
Petreat
Yearly, 6.5 million canine, cats, and different former pets are deserted or misplaced and enter shelters. Of all these animals, solely 3.2 million are adopted, and lots of see shelters once more after lower than a 12 months of discovering a brand new house.
With a purpose to present appropriate circumstances for animals, shelters want common donations.
Petreat collects donations from supporters and sends this quantity to shelters in want. The undertaking was developed with the assumption {that a} reward system can also be essential to encourage and thanking donors for his or her help.
Petreat added an NFT reward system in order that supporters obtain a novel NFT in return for doing a very good deed.
The highest groups on the Hackathon obtained OKX tokens, Google Cloud credit, and different rewards.
Senior executives from OKX and Google Cloud praised the individuals for his or her arduous work and innovation and inspired them to proceed exploring the probabilities of decentralized functions on the OKT Chain.
OKX and Google Cloud’s partnership in organizing the hackathon underscores their dedication to fostering innovation and making a extra decentralized future.
About OKX
OKX is the second-largest international crypto alternate by buying and selling quantity and a number one Web3 ecosystem. Trusted by greater than 50 million international customers, OKX is thought for being the quickest and most dependable crypto buying and selling app for buyers {and professional} merchants all over the place.
OKX’s main self-custody options embody the Web3-compatible OKX Pockets, which permits customers better management of their belongings whereas increasing entry to DEXs, NFT marketplaces, DeFi, GameFi, and 1000’s of dApps.
OKX companions with plenty of the world’s high manufacturers and athletes, together with English Premier League champions Manchester Metropolis F.C., McLaren Components 1, The Tribeca Pageant, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is dedicated to transparency and safety and publishes its Proof of Reserves on a month-to-month foundation.
To study extra about OKX, go to: okx.com
About OKT Chain
OKT Chain is an EVM- and IBC-compatible L1 constructed on Cosmos with a deal with true interoperability and maximized efficiency. At excessive scalability, builders can construct and scale with low fuel charges.
The OKT Chain ecosystem and infrastructure, together with the all-in-one multi-chain Web3 interface, allows a seamless expertise for each builders and customers.
About Google Cloud
Google Cloud helps clients’ wants in constructing, transacting, storing worth, and deploying new merchandise on blockchain-based platforms.
Prospects select Google Cloud to construct on the trade’s cleanest cloud, to develop on Google’s world-class developer platform, and to make sure that information, functions, video games, or digital belongings like NFTs will probably be delivered on a secure, safe, and trusted international community.
Contact
OKX
media@okx.com
Disclaimer: It is a paid publish and shouldn’t be handled as information/recommendation.
