'Build on ICP' Hackathon: Innovation and Collaboration Flourish

The inaugural "Build on ICP" hackathon concluded successfully, fostering innovation and showcasing the talent of Web3 builders in Portugal and Spain. Participants leveraged the Internet Computer Protocol (ICP) to develop groundbreaking projects, including the ICP Lend Protocol for DeFi lending, TruMarket for agricultural financing, and Hack for governance management in Ethereum DAOs. The hackathon attracted esteemed judges from Lightshift Capital, 3Commas Capital, and DFINITY, who were impressed by the caliber of entries. The event highlighted the potential of ICP to support diverse applications and contributions to the open and autonomous internet.

The "Build on ICP" Hackathon: A Triumph of Innovation and Collaboration

The inaugural "Build on ICP" hackathon concluded on March 18, 2024, leaving an indelible mark on the web3 ecosystem. This highly successful event, held in partnership with ICP Hub Portugal, brought together a cohort of talented developers and entrepreneurs from Portugal and Spain to showcase their creativity and drive innovation on the Internet Computer Protocol (ICP).

A Journey of Immersion and Intensive Development

The hackathon commenced on February 26th with an engaging online program, immersive virtual workshops, and dedicated team support. These initial sessions laid the foundation for an intensive weekend of "IRL hacking" at the ICP office in Lisbon. From March 1st to 3rd, participants tirelessly refined their projects, honing their presentation skills in preparation for the crucial pitches ahead.

Showcasing Brilliance: The Final Showcase and Announcement of Winners

The culmination of their efforts culminated in the Final Showcase and Announcement of Winners on March 18th. This pivotal event provided participants with the opportunity to present their completed projects to an esteemed panel of judges representing Lightshift Capital, 3commas Capital, and DFINITY. An audience of peers and industry professionals witnessed the unveiling of these innovative solutions.

Unveiling the Winning Projects

From the diverse array of projects, three emerged as the winners, demonstrating the vast potential of the ICP protocol:

First Place: ICP Lend Protocol

The ICP Lend Protocol emerged as a groundbreaking DeFi platform that elevates crypto lending to new heights. By integrating advanced features like HTTP requests and Timers, the protocol offers a seamless experience, ensuring real-time updates and automated operations. The integration of price feeds and automated liquidations further enhances convenience and user experience.

Second Place: TruMarket

TruMarket is transforming the agricultural sector, leveraging automated smart contracts to secure funding for fruit growers. This approach introduces transparency and traceability throughout the supply chain, benefiting all stakeholders. The platform's commitment to utilizing the ICP for practical and impactful solutions is evident in its design.

Third Place: Hack

Hack introduces a governance platform for Ethereum DAOs, utilizing on-chain voting and HTTP Outcalls to streamline decision-making processes. This project showcases the versatility of the IC Protocol in supporting cross-blockchain functionalities.

A Celebration of Innovation and Community

These projects exemplify the diverse applications of the IC protocol and highlight the community's innovative spirit. As the winners celebrate their achievements, the broader ecosystem eagerly anticipates the continued development and implementation of these solutions.

Grand Prize and Incentive Structure

The grand prize for the Build on ICP hackathon includes €2,500 in USDC, a comprehensive go-to-market strategy valued at €10,000, and the potential for a grant from the DFINITY Foundation. The second-place project will receive a PR campaign worth €5,000 and €1,500 in stablecoins, while the third-place winner will be awarded €1,000 in stablecoins.

About the 'Build on ICP' Hackathon

The "Build on ICP" hackathon was an open event with no specific tasks, tracks, or themes, fostering maximum creativity and innovation within Portugal and Spain's web3 community. The presented projects were showcased to influential stakeholders in the ICP and web3 ecosystem, including those building tools and applications on the Internet Computer.

All participants were first-time builders on the ICP, and part of the entry requirements was to complete an ICP certification course and create a smart contract on the blockchain. The event aimed to enhance the quality of ICP dApps and unlock the passion of talented builders, contributing to an open and autonomous internet.

The Significance of the Hackathon

The success of the "Build on ICP" hackathon marks a significant milestone in the growth of the ICP ecosystem. It showcased the talent and creativity of the participants while highlighting the potential of the Internet Computer Protocol to support a wide range of applications, from DeFi to agriculture.

About Internet Computer Protocol

As a third-generation blockchain, the Internet Computer Protocol is a decentralized computing platform that offers an alternative to conventional IT infrastructures. It enables the creation of Web3 services and enterprise systems entirely on the blockchain, eliminating reliance on centralized cloud computing services. This revolutionary approach aims to transform the digital landscape, providing a more secure, transparent, and equitable internet.

About ICP Hub Portugal

ICP Hub Portugal is a community-driven initiative based in Lisbon that fosters innovation and collaboration within the ICP ecosystem. Led by Tim Haldorsson, Founder and CEO of Lunar Strategy, the hub organizes networking events, builder workshops, hackathons, and other activations to support builders and developers in bringing their ideas to life.

About the DFINITY Foundation

The DFINITY Foundation is a nonprofit organization dedicated to building and promoting the Internet Computer Protocol (ICP). With a mission to create a decentralized and inclusive digital infrastructure, DFINITY empowers builders and developers with the tools needed to create open and autonomous internet services. The Swiss nonprofit also boasts the largest R&D team in the blockchain sector.