<p>Rotonda, the operator of the digital asset wallet platform Bithumb Buritto Wallet, <a href="https://www.digitaltoday.co.kr/news/articleView.html?idxno&#61;492627" rel="noopener noreferrer nofollow">hosted</a> a hackathon on Monday (local time) at this year’s <a href="https://medium.com/&#64;coinness.gl/global-blockchain-incheon-conference-to-promote-web3-exchange-and-advancement-1b0828194b10" rel="noopener noreferrer nofollow">Global Blockchain Incheon Conference</a> (GBIC), centered around the theme of addressing a variety of local issues, such as carbon reduction, industrial and urban issues and public services using Web3 technology. Contestants from across the country gathered to create blockchain-based prototypes aimed at addressing such issues.</p><p>Other blockchain and Web3 companies like Roa Core, Ret Games and ReFi Korea also participated as sponsors for the competition, which was held at Songdo Convensia, an international conference complex located in Songdo International Business District.</p><h2 id="header-0">Innovative solutions recognized</h2><p>The ten teams that made it to the finals presented a range of ideas related to the theme, which were judged based on how applicable, feasible and influential they are, as well as their potential for development and social contribution.</p><p>“Through this year’s hackathon, we were introduced to innovative ideas and high-quality technologies to address various local problems. Discovering and supporting passionate entrepreneurs is in line with the values that we uphold within our ecosystem at Bithumb Buritto Wallet,” said Lee Sang-ho, Vice President at Bithumb Burrito Wallet.</p><p>The grand prize of KRW 5 million (approximately $3,600) was awarded to DIY, a team that developed a project to promote cultural resources, tourism experiences and sports industries in Incheon using dynamic non-fungible tokens (dNFTs). dNFTs can be adapted or changed based on external events and data. The hackathon judges praised the team for adding gamification elements to increase citizen participation and streamlining administrative procedures through smart contracts. The team also won additional benefits like office space in Incheon’s Jemulpo Smart Town.</p><p>“We are delighted to be recognized for the in-depth discussions we had amongst our members to develop a highly usable and differentiated platform,” the team said in a statement. “We will strive to leverage blockchain technology to create various success stories.”</p><h2 id="header-1">Additional winners</h2><p>Two runner-up prizes went to the Caffeine Addiction team, which developed a platform for motivating coffee drinkers to dispose of used coffee grounds, and the Datayo team, which developed dBus, a smart mobility platform with token-based crowdfunding processes. They received KRW 3 million and KRW 2 million, respectively, in prize winnings.</p>

Rotonda holds blockchain hackathon at GBIC 2023

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