The ETHGlobal Tokyo Hackathon came to a close Sunday, with builders from around the world competing for a $375,000 cash prize. The event kicked off with the first-ever ETHGlobal “Pragma” Summit, sponsored by Verse and others, and Bitcoin.com engineers and representatives also attended the summit and hackathon to share their thoughts on the event and its significance for crypto and economic freedom now and in the near future. and their thoughts on the event and its significance for crypto and economic freedom now and in the near future.
A Realistic Start: From Summit to Hackathon
The “Pragma” summit, held in Tokyo on April 13, kicked off the ETHGlobal Tokyo hackathon, sponsored in part bySection 19} . Speakers included Aya Miyaguchi of the Ethereum Foundation and author Balaji Srinivasan. The hackathon concluded on Sunday and was attended by engineers and representatives from Bitcoin.com.
Andrei Terentiev, Bitcoin.com’s Director of Engineering and overseer of the company’s 30+ person strong engineering team, said he is “super excited about 25} ETHGlobal Hackathon is a great opportunity to meet more of the global cryptocurrency community and share new ideas that will drive the entire cryptocurrency ecosystem, especially since Japan has been closed to outside visits for the past three years.” Terentiev continued:
Overall, I think many of the attendees of this event are working towards the same mission of cryptocurrencies to create more economic freedom in the world. So being able to meet them in person is a great way to spread those ideas around the world and help them thrive.
Bolun Zhang, Data Engineer at Bitcoin.com, had this to say about the event: “As a techie, I’m always interested in keeping up with the latest industry trends and exploring cool projects my peers are working on. I’m always looking for new ideas.”
$375,000 in prizesfrom a myriad of industry players and platforms, including 1inch Network, Gnosis Chain, and Metamask.
Web3, Reverse Lottery, and Predictive Markets
“At the event, we will build what we are calling a decentralized lottery.” Alun Stern, growth marketing specialist at Bitcoin.com, told Bitcoin.com News just before the hackathon. The first part of the application is “kind of like a reverse lottery … In a traditional lottery, one person wins and everyone else loses. In this system, everyone wins and one loses. The loser’s money is distributed to the winning participant.”
Stern explained that the team would design the lottery so that the loser would get a rare NFT. The second part of the app will work similar to a prediction market, he said, noting that:
someone will be able to suggest events, place arbiters, and assign multiple choices.
