Japan's first Web3 hackathon "TWSH" event details officially announced

On August 5th, the first Web3 hackathon event in Japan - "Tokyo Web3 Summer Hackathon (TWSH)" was officially announced.

"Tokyo Web3 Summer Hackathon (TWSH)" was initiated by Cryptogram Venture (CGV), supported by experts from Japan's Ministry of Education, Culture, Sports, Science and Technology, Keio University, SONY, Softbank, Asian Blockchain Game Alliance (ABGA), Cointelegraph Japan (CTJ) and others The event will be "Based in Japan and look at the world", to discover, support and assist outstanding talents and teams in the Web3 field on a global scale, to jointly explore the application potential of popular Web3 tracks, and to help teams and projects start smoothly and gain Sustainable growth and development.

Since the release of the "TWSH" event, dozens of industry organizations such as IOSG, BAI capital, HashKey, Metis, Achemypay, etc. have joined the competition supporting organizations and members of the judging committee; nearly 100 projects have completed registration.

According to the unified arrangement and setting of the "TWSH" event organizing committee, the detailed rules of this hackathon competition are as follows:

1. Activity time

• July 26-August 26: project registration stage;
• August 27th-September 16th: Project pre-selection, excellent project roadshow, and NFT theme exhibition and other peripheral activities
• September 17th-September 26th: organize project centralized review and announce the award results;
• End of September: Offline Award Ceremony in Japan

(Follow @CGVFOF on Twitter for the latest news on the event)

2. Participants

"TWSH" is open to traditional Internet developers and blockchain developers who are interested in Web3, as well as developers, engineers, product managers, UI designers, etc. who are innovative and creative.

3. Key tracks

"TWSH" welcomes teams from any public chain/ecology to submit projects. The key tracks of the competition include:

• Web3 protocol and infrastructure (L1/L2/cross-chain bridge, storage/identity/communication/audit, etc.);
• Metaverse (virtual land, scene development, platform construction, content production, virtual people, etc.);
• NFT (new standard protocol, issuance platform, liquidity infrastructure, blue chip assets, etc.);
• Game (innovative games, basic development layer, distribution platform, guild, etc.);
• DAO (basic tools, asset management platform, collection/self-service, guild governance), etc.

4. Resource support

1. Bonus sponsorship. The winning projects will jointly win awards with a total prize pool of US$150,000: 1 champion (20,000 USDT); 2 runners-up (10,000 USDT each); 6 third runners-up (5,000 USDT each), as well as regional awards, track awards and Several ecological sponsorship awards.
2. Project investment and entrepreneurial guidance. Excellent projects have the opportunity to receive a total of one million US dollars of incubation fund support, as well as entrepreneurial guidance from the world's top VC institutions.
3. Developers connect with partner resources. The project can establish contacts with more BUIDLers and Web3 industry organizations, exchange and learn, and explore more opportunities for cooperation.
4. Project exposure and visibility increase. Through Japan's first Web3 Hackathon event exhibition, it will bring a lot of exposure to the project; the winning project will also have the opportunity to receive PR support and media interviews provided by CGV.

5. Scoring Criteria

Serial number standard scoring weight specific content
1 Potential Impact on Industry 30% Does it fill a void in the world with the potential to be frequently used by a large, growing, diverse audience or market? Does it solve a challenging Web3 infrastructure technical problem in a reasonable and innovative way?
2 Originality 30% Is it unique and novel, or incorporates features of other products or services in a unique and novel way?
3 Technical Achievement 20% Is the code written well? Is the project code base construction complete? Is the project a complete working product for the end user?
4 Visual expressiveness 10% Is the UI design excellent? If it's for developers, is the experience smooth and intuitive?
5 Interesting 10% Is it creative and people are excited to use it?

• Institutional cooperation application (event support, project investment, media cooperation, etc.): [email protected]
• Channel for project registration: https://www.web3hackathon.io/

About Cryptogram Ventures (CGV)

Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in the early investment of FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government and SONY Tokyo Tower Metaverse REDO . At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. Currently, CGV has branches in Singapore, Canada and China.