OKX to Power Web3 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon ‘Web3athon’

[PRESS RELEASE – VICTORIA, SEYCHELLES, April 13th, 2023]

OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.

Organized by Coindesk, Hackerearth, and Alchemy, the event is set to take place online from April 17 to May 31, with additional offline activities taking place at Consensus 2023 in Austin, Texas. Following the success of the 2022 Web3athon event, which was the largest multi-chain hack to date, this year’s event promises to be even bigger and better, bringing together over 5,000 developers from around the world to create new decentralized applications.

At the event, OKTC will also be hosting online and offline workshops to explore the chain’s cutting-edge Wasm and EVM interoperability capabilities and introduce the wider OKTC ecosystem.

The Web3athon sponsorship is just one of OKTC’s initiatives to support developers and provide them with the tools, resources, and support the developers need to bring their ideas to life and drive innovation in the blockchain space.

OKX and OKT Chain’s dedication to building developer communities

OKT Chain’s sponsorship of the Web3athon event aligns with its vision of empowering individuals and organizations to adopt blockchain technology and foster a decentralized future.

OKT Chain recently hosted a successful hackathon with Google Cloud, attracting over 200 attendees and 46 teams who submitted 32 projects showcasing the potential of decentralized, blockchain-based applications to transform various industries. By supporting these events and hosting similar developer-focused events in the future, OKT Chain aims to establish a stronger and more connected community of developers within the rapidly evolving Web3 ecosystem.

OKTC has recently integrated the Wasm Virtual Machine (WasmVM) and launched an internal bridge to connect EVM and WASM in a single public chain, making it more accessible to Web2 developers who are familiar with Wasm-supported languages to kickstart building on OKTC as well as enable projects running on Wasm to seamlessly transition onto OKTC.

With over 400 projects already deployed on OKTC, and over 139 million transactions and over 100 million addresses, OKTC is primed for greater growth and success. Through events like the Web3athon and other developer-focused initiatives, OKT Chain aims to create a stronger community where developers can learn from each other, collaborate, and innovate using the cutting-edge capabilities of OKTC.

About OKX

OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto trading app for investors and professional traders everywhere.

OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

About OKTC

OKTC (previously known as OKC/OKX Chain) is an EVM- and IBC-compatible L1 built on Cosmos with a focus on true interoperability and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKTC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.