Competitors battle it out in eight-day hackathon, and top blockchain firms are watching

An eight-day hackathon has officially kicked off in Asia — with talented competitors getting a chance to unlock thrilling new career opportunities.

Morpheus Labs says the contest coincides with Singapore Blockchain Week, and its partners have played a crucial role in making the event a success.

The company says it has carefully cultivated a Web3 ecosystem that allows players across the industry, both big and small, to link up and collaborate.

Numen Cyber and ChainUp are among Morpheus Labs' partners — with both hoping to learn more about the latest trends in Web3, promote their offerings, and find new ways of working with businesses across the sector.

ChainUp Group's chief marketing officer Jeff Mei told Cointelegraph: "Web3 is undoubtedly the future of digital and this hackathon offers a timely opportunity for us to discover inventive solutions to real-life business challenges and uncover new talents to grow together with us."

He added that continuous innovation "has always been a crucial part of ChainUp's core DNA" — with the company maintaining a commitment to further research and the implementation of unique technologies that fuel blockchain adoption. Given how fast-moving this industry is, such a mentality is nothing short of crucial. 

Numen Cyber — which boasts a team of threat analysts, ethical hackers and security researchers — says it's looking forward to seeing how Web3 technology is evolving across the continent, and stands ready to ensure that the cutting-edge ideas concocted during the hackathon are executed in a secure way.

Lots to look forward to

Morpheus Labs says it's been delighted to have received the support of so many prominent sponsors — with hundreds of people signing up to participate in the hackathon within a short space of time.

Looking ahead, it's determined to continue building the Web3 ecosystem — and hold an even bigger event involving more partners within 12 months. The goal? To further shape the Web3 landscape in the APAC region.

As previously reported by Cointelegraph, the hackathon features a grand prize including cash, Huawei Cloud Credits and a laptop. 

Participants have been given just four days to start socializing and brainstorming to decide what they want to build — and then deliver a video demo that powerfully illustrates their concept in action. Judging is taking place on July 26 and 27, paving the way for an award ceremony to take place on July 28 — crowning the winners.

Open to all

Morpheus Labs CEO Pei-Han has told Cointelegraph that the hackathon was designed to attract budding and professional blockchain developers alike, as well as those who may have no experience in working with this technology.

It's been dubbed as "the ultimate event for blockchain developers," with more than 1,000 people in attendance. Industry experts are also on hand to deliver their insights, with a series of educational courses furthering understanding of where the market is currently heading.

Hackathon competitors have been encouraged to focus their efforts on creating solutions that tackle the UN's 17 Social Development Goals. They include eliminating poverty, promoting good health and quality education, and championing clean energy and equality.

It's going to be fascinating to find out who emerges victorious in this contest — and how the fresh perspectives on what Web3 should look like will end up shaping this sector in the months and years ahead. Crypto winters are for building, and Morpheus Labs firmly believes it's a very exciting time to be in this space.