The Web3 Innovation Hackathon has concluded, showcasing five major tracks that highlight the future trends of Blockchain.

On December 22, 2024, a hackathon themed "Applications under the Web3 Compliance Framework" successfully concluded. This event attracted outstanding developers from around the world, who showcased their creativity and technical skills over three days, providing new perspectives for exploring the future of Blockchain.

During the event, participants focused on five core areas: Decentralized Finance (DeFi), Real World Asset on Blockchain (RWA), Initial NFT Offering (INO), payment systems, and cultural heritage. These tracks reflect the current innovation directions and market hotspots in the Blockchain industry.

In the DeFi space, the Likwid project focuses on liquidity management, providing users with efficient asset allocation tools; Stable Swap is dedicated to addressing slippage issues in stablecoin exchanges, offering solutions for multi-chain trading ecosystems. These two projects demonstrate an important trend in the DeFi field shifting from technology-driven to user-friendly.

The RWA track has garnered much attention, with Asteroidx injecting transparency into traditional financial products through on-chain asset management tools; Bnb3, on the other hand, is exploring innovative methods to map real-world assets onto the blockchain, facilitating the circulation of global assets.

In the INO field, Tiptag.social combines NFT with social attributes to provide users with an innovative interaction model; HashKeyFun brings NFTs closer to users' lives through entertainment experiences. These projects demonstrate that NFTs are not only a store of value but also a carrier of experiential innovation.

In the payment sector, PolyFlow has developed a multi-chain compatible payment system, providing an efficient solution for cross-chain payments; Trusta focuses on payment security, ensuring the transparency and trustworthiness of transactions.

In the field of cultural heritage preservation, the Fufuture and Rwalt projects explore new pathways for the digital protection of cultural heritage. Through on-chain storage and interaction design, they breathe new life into traditional culture.

After fierce competition, several projects stood out:

• First Prize: Likwid and Stable Swap
• Second Prize: Asteroidx and Lego Perpetual Protocol
• Third Prize: Bnb3 and Lightning Huskey
• Innovation Award: Tiptag.social and X-Wallet
• Special Award: PolyFlow, Trusta, Fufuture, and Rwalt

The organizer's person in charge stated: "This event not only showcased the creativity and technical strength of developers but also filled us with confidence in the future of Blockchain technology. Compliance innovation will be key to driving industry development."

The successful holding of this hackathon has brought more possibilities to the industry and highlighted developers' strong interest in optimizing DeFi user experience, managing RWA assets, and the functionalization of NFTs, providing insights into key directions for the future market.

As one of the blockchain public chains with compliance as its core strategy, the organizer is committed to finding a balance between compliance and innovation, providing reliable infrastructure for global developers, and promoting the true adoption of blockchain technology by the public. By supporting identity verification, achieving a balance between data transparency and privacy protection, and collaborating with global regulatory and financial institutions, it continuously expands the boundaries of compliant Blockchain.

In the future, the organizers will continue to attract global partners with an open attitude, creating an international network connecting Asia, Europe, and North America, promoting inclusive finance and social development. From payments, DeFi to supply chain finance, providing solutions for more practical application scenarios, allowing Blockchain technology to better serve people's lives.