OKX, a leading cryptocurrency exchange, has hosted a successful hackathon in partnership with Google Cloud aimed at developing decentralized applications on the OKT Chain. The event brought together developers and innovators from across the globe, showcasing their creativity and innovation in building decentralized applications that could transform the future of the blockchain industry. The hackathon provided an opportunity for developers to leverage the power of the OKT Chain and Google Cloud to build revolutionary decentralized applications that are scalable, secure, and user-friendly. The event was a huge success, with many promising decentralized applications developed that could potentially change the blockchain landscape.
OKX Teams up with Google Cloud to Host Hackathon for Blockchain Innovation
OKX, the second largest crypto exchange by trading volume and a leading Web3 technology company, has partnered with Google Cloud to host a three-day hackathon in Silicon Valley. The goal of the event was to encourage developers to build decentralized applications using OKT Chain, a layer 1 blockchain built on Cosmos, and to bring awareness to the blockchain community about OKT Chain’s technology and infrastructure.
Over 200 attendees formed 46 teams and submitted 32 projects, highlighting the potential of decentralized, blockchain applications to transform various industries. The top five projects were awarded prizes based on their innovation, utility, and potential to positively change the industry.
The Winning Projects:
Lite OKX Bridge
The Lite OKX Bridge proposed technical solutions for bridging small payments and aimed to lower the entry threshold for exploring the OKT Chain ecosystem. With the Lite OKX Bridge, users are able to transfer $2-5 from USDT on Polygon to OKT Chain in just one to two minutes, without commissions. The bridge also allows users to access all projects on OKT Chain in one click, with support from the SDK.
Hexlink offers a significant benefit by eliminating the need for users to set up a wallet before receiving tokens, thus making OKT Chain more user-friendly and accessible. It eliminates a barrier to entry for potential users who may not be familiar with the process of setting up a wallet. It also provides greater flexibility and convenience for users who can set up their accounts and wallets at a later time, when it is more convenient for them. This approach drives the user adoption of the chain.
OKX Guardian proposed a decentralized and trustless solution that ensures the wishes of a deceased individual are executed without relying on a single individual or institution. It offers a secure way of managing a person’s digital assets after their passing, without risking private keys if compromised.
Web3 Ads proposed smart contracts to make it possible for advertisers and publishers to use OKT Chain to buy and sell directly without intermediaries, thus promoting transparency in advertising and reducing costs.
Petreat is a project that collects donations from supporters and sends them to shelters in need, providing suitable conditions for animals. The project rewards supporters with a unique NFT for doing good deeds.
Top teams at the Hackathon received OKX tokens, Google Cloud credits, and other rewards. The event fostered a vibrant and engaged community of developers that can promote the growth of the OKT Chain ecosystem.
OKX and Google Cloud’s partnership in organizing the hackathon underscores their commitment to fostering innovation and creating a more decentralized future.
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. It is known for being the fastest and most reliable crypto trading app for investors and professional traders. OKX partners with a number of the world’s top brands and athletes, including Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
To learn more about OKX, visit: okx.com.