Ideahackers Guide to IBC: Review of IBC Creative Hackathon

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DoraHacks
2 days ago
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Focus on cross-chain innovation, encourage submission of conceptual ideas, and promote the application and understanding of the IBC protocol in blockchain applications.

Hackathon Summary

Ideahackers Guide to IBC is an Interchain creative competition that aims to encourage innovative cross-chain concepts. The event registered 136 projects and attracted 319 developers and non-technical personnel to participate. Unlike traditional Hackathons, this creative competition requires participants to submit conceptual ideas rather than code or product prototypes, which lowers the threshold for participation and encourages wider participation.

The ideation competition gave away a $30,000 prize pool in ATOM tokens and an all-expenses-paid trip to Istanbul to reward the most impactful ideas. Projects were selected from five tracks and judged by industry leaders from the Interchain Foundation and Osmosis Labs.

The event was designed to showcase the application of the Interchain Communication Protocol (IBC). Participants used the IBC Idea Builder to develop and submit their proposals, which demonstrated IBC features such as cross-chain accounts, cross-chain NFT transfers, and data queries. The Interchain Foundation sponsored the event to promote the understanding and use of the IBC protocol in blockchain applications, providing resources and support to the community through platforms such as Discord.

Hackathon Winners

Chain Abstraction Award Winners

  • Interchain Lending Market : A decentralized cross-blockchain stablecoin lending application that leverages IBC for yield optimization and governance through a DAO.

  • Interchain Rights Broker : Facilitates NFT licensing on IBC-enabled blockchains by automating licensing and payments through Story Protocol.

  • MetaKey: Seamless Interchain Wallet Abstraction : Provides a unified interface for cross-chain wallet management, enhancing interoperability and transaction efficiency through IBC.

  • DeathFi : A protocol for legacy digital asset management using IBC, including decentralized wills and NFT memorialization.

  • TransChain-Health : A decentralized health monitoring system that combines blockchain and IoT to provide data transparency and analysis.

Solana Prize Winners

  • TriAd : A cross-chain advertising exchange platform that leverages IBC and Solana for efficient ad management.

  • DAPM : Manage shared capital pools across blockchains, strengthen governance and treasury functions, and use IBC.

  • Solana-Sovereign Identity Protocol (SIP) : Uses IBC to simplify cross-chain identity management and ensure the security of decentralized identities.

  • IBCCraft Game : A Minecraft-like game that uses IBC for cross-chain tasks and rewards Solana.

  • Privvy Protocol : Provides privacy management for cross-chain transactions through IBC, enabling hidden addresses and private transactions.

Intents Incentives Award Winners

DeFi Apps Award Winners

  • Vector Protocol : Manage interchain debt through smart contracts and IBC to improve cost efficiency and risk management.

  • InterChain Asset Streaming Protocol (XASP) : Uses IBC to achieve real-time cross-chain asset streaming and portfolio management.

  • SwapGuard : A comprehensive DeFi trading solution with MEV protection for Cosmos.

  • BlocPayroll : Simplifies international payroll processes using IBC and provides secure encrypted payroll solutions.

  • Cross-Chain XTF (DeX Traded Fund) :Using IBC to promote cross-chain investment, improve portfolio management and cost efficiency.

Wild Card Award Winners

For a full list of projects and more details, visit the Ideahackers Guide to IBC Ideathon .

About the Organizer Interchain Foundation

The Interchain Foundation is focused on developing and supporting an ecosystem of interoperable blockchain networks called interchain. The organization fosters collaboration and innovation within the blockchain industry, with an emphasis on multi-chain communication and scalability. Through its technical expertise and leadership, the Foundation supports initiatives that advance interoperability of decentralized networks. It is committed to creating a seamlessly connected blockchain future and encourages industry participation to advance the multi-chain ecosystem.

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